Forrester Research ( (FORR) ) has released its Q4 earnings. Here is a breakdown of the information Forrester Research presented to its investors.
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Forrester Research, Inc. is a prominent research and advisory firm that provides insights and guidance to leaders in technology, customer experience, and various business functions to drive growth through customer-focused strategies.
In its latest earnings report, Forrester Research announced a 5% decline in contract value for 2024, alongside challenges in revenue and net income figures. Despite these challenges, the company has completed its Forrester Decisions migration and outlined strategic initiatives for 2025 aimed at growth and improvement.
For the fourth quarter of 2024, Forrester reported total revenues of $108.0 million, a decrease from $118.1 million in the previous year. The company posted a GAAP net income of $0.4 million, or $0.02 per diluted share, compared to a net loss in the same period last year. On an adjusted basis, net income rose to $6.8 million, or $0.36 per diluted share. For the full year, revenues were down to $432.5 million from $480.8 million in 2023, with an adjusted net income of $28.1 million.
Looking ahead, Forrester’s 2025 financial guidance anticipates revenue between $400.0 million and $415.0 million, with a focus on increasing retention rates, expanding account growth, and enhancing event platforms. The company aims to leverage the new Forrester model to stabilize and grow contract value in the coming year.
Overall, Forrester is positioning itself for steady improvements across its business lines in 2025, aiming to overcome recent setbacks and return to contract value growth through strategic initiatives and operational focus.
