Forrester Research, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:05 pm EDT
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Forrester Research, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 113.43 million compared to USD 127.68 million a year ago. Net income was USD 2.48 million compared to USD 5.41 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.28 a year ago.
For the nine months, revenue was USD 362.69 million compared to USD 400.9 million a year ago. Net income was USD 3.71 million compared to USD 23.44 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 1.22 a year ago.
Forrester Research, Inc. is an independent research and advisory firm. The Company operates through three segments: Research, Consulting and Events. Research segment provides objective, independent and data-driven research insights utilizing both qualitative and quantitative data. Its primary subscription research services include Forrester Decisions, Forrester Research, and Sirius Decisions Research. Consulting segment includes consulting projects and advisory services. It delivers focused insights and recommendations to assist clients in developing and executing their technology and business strategies. Events segment hosts multiple events across North America, Europe, and the Asia-Pacific region. Its Events focused on business imperatives of significant interest to clients, including business-to-business marketing, sales and product leadership, customer experience, security and risk, new technology and innovation, and data strategies and insights.