Forrester Research, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 04:10 pm EST
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Forrester Research, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 118.09 million compared to USD 136.89 million a year ago. Net loss was USD 0.663 million compared to USD 1.63 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.09 a year ago.
For the full year, revenue was USD 480.78 million compared to USD 537.79 million a year ago. Net income was USD 3.05 million compared to USD 21.81 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 1.14 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.