Forrester Research Q2 Revenues Up 7.6%

Posted by Joachim Bartels | Aug 14, 2012 | Forrester, Market Research, United States | 0 |

Total revenues were $79.1 million for the second quarter of 2012, compared with $73.5 million for the second quarter of last year. On a GAAP basis, net income was $7.8 million, or $0.34 per diluted share, for the second quarter of 2012, compared with net income of $5.5 million, or $0.24 per diluted share, for the same period last year.

Revenues for the Six-Month Period Ended June 30, 2012 were $149.4 million, compared with $139.2 up 7.3%. On a GAAP basis, net income was $11.0 million, or $0.47 per diluted share, for the six months ended June 30, 2012, compared with net income of $8.4 million, or $0.36 per diluted share, for the same period last year.

Forrester is reducing revenue and profit guidance for the year. It had put in place ambitious initiatives and organizational changes to better serve clients, however more time is needed before these initiatives have a significant impact on its financial performance.

Source: Yahoo Finance

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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