Forrester posts Q3 and nine-month revenue rise

For the first nine months sales were up 13% to $209m while profit fell 14% to $14.1m.

Chief executive and chairman George Colony (pictured) said: “Forrester met revenue guidance and exceeded operating margin and earnings per share for the third quarter. Our client and dollar retention rates continue to perform at the upper end of our historical range.”

However, Colony said, the firm was taking a “more conservative approach” in its predictions for the remainder of the year and downgraded its 2011 revenue forecast to between $283m and $287m, from $285m-$291m, citing “inconsistent performance in some of our markets and the continuing economic turmoil