Forrester-Research-Inc.-logoForrester Research reported total revenues of $74.8 million for the third quarter of 2015, compared with $75.4 million for the third quarter of 2014.

Research revenues increased 3%, and advisory services and events revenues decreased 9%, compared with the third quarter of 2014.  On a constant currency basis, research revenues increased 7%, and advisory services and events revenues decreased 6%, compared with the third quarter of 2014.

On a GAAP basis, net income was $4.5 million, or $0.25 per diluted share, for the third quarter of 2015, compared with net income of $3.0 million, or $0.16 per diluted share, for the same period in 2014.  On a pro forma basis, net income was $5.5 million, or $0.30 per diluted share, for the third quarter of 2015, which reflects a pro forma effective tax rate of 38%.

“We met revenue and exceeded earnings-per-share guidance as we continue to see appetite from clients to develop a customer-obsessed business strategy,” said George F. Colony, Forrester’s chairman and chief executive officer. “The work to optimize our products and operations continues, and we anticipate increased momentum throughout the fourth quarter and into 2016.”

Source:  Forrester Earnings Report