NEWS1 May 2014

Forrester Research revenues up 2% in first quarter

Financials North America

US — IT market analyst Forrester Research has reported a 2% increase in first-quarter revenue to $73.1m. However, the company recorded a net loss of $0.1m for the period.

Research revenues increased 1% compared to Q1 2013, while advisory services/other revenue increased 6%.

Alongside its results, Forrester announced that its board of directors had authorised a $25m increase in the company’s stock repurchase programme, bringing the total available repurchase authorisation to around $45.1m.

Full details can be found here.