Gartner and Forrester, the only large public companies in the IT & Telecom Research, Reports and Services (ITTRRS) segment of the information market, announced first quarter financial results. Gartner reported negative revenue growth of 5.7%. Q1 revenues were US$273.5 million vs. US$290 million for the prior year. Forrester reported positive revenue growth of 2.6%. Q1 revenues were US 56.4 million vs. US $54.9 million prior year. 

Gartner couched the earnings in its press release using figures “excluding the impact from foreign exchange” to have a more positive story to tell.  The bottom line is that Gartner’s revenue was down nearly 6% and down in all categories of business, especially events.  It is notable that research revenues held up reasonably well, with events revenues down the most as previously forecasted.  It is worth noting that both Gartner and Forrester, with their user orientation, got off to a strong start in 2008, with the markets more difficult for vendor-centric US firms all year.  Gartner and Forrester really didn’t see tough markets until the fourth quarter financial meltdown in the economy, so comparables between 2008 and 2009 made it difficult for both to show first quarter growth given the situation they were in last year.  Source: Outsell Inc.

BIIA Newsletter June 2009 Issue