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NEWS25 July 2013

Forrester Research sees revenues fall for Q2

Financials North America

US — Forrester Research’s total revenues fell by nearly $1m in Q2 according to its financial results.

Total revenues for the second quarter of 2013 came in at $78.2m compared with $79.1m in Q2 2012 while GAAP net income was $5.6m compared with $7.8m the previous year.

Despite the Q2 drop, total revenues for the six-months to June 2013 saw total revenues come in at $149.7m compared with 149.4m in the same period to June 2012.

The company said that it expected GAAP total revenues of between $60m to $70m in the third quarter of the year while its full year guidance could see GAAP total revenues of between $290m and $298m.

Forrester Research chairman and CEO George Colony said: “Our recovery remains a work in progress and will not be without periodic setbacks.”