Wednesday, April 27, 2005

Forrester reports growth in Q1

Forrester has reported year-on-year organic growth in both revenue and EPS.

Total revenues for Q1 (ending 31 March 2005) were $33.8 million, compared with $31.7 million for the first quarter of last year.

On a pro forma basis, net income was $2.6 million compared with $2.5 million in the same quarter in 2004.

Net income growth is more impressive when using GAAP-reported figures. In Q104, Forrester reported a net loss of $257,000 companired to a net income of $2.7 million in Q105.

Chairman George Colony seems upbeat: "New business continued to improve and client renewals remained strong. Consulting, in particular, performed well during the quarter.",1769,1002,00.html

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