NEWS28 July 2011

Forrester revenue climbs 13%, net income down 20%

Financials North America

US— Forrester Research’s revenue increased 13.6% to $73.5m in the second quarter, but net income fell 20% to $5.5m.

On a pro forma basis net income was down 8.5% but that excludes stock-based compensation, amortisation of acquisition-related intangibles, duplicate lease costs and acquisition and integration costs.

Forrester bought Asia Pacific IT research firm Springboard in May. Forrester chief George Colony said the business integration is “well on track”.