Forrester (FORR) Misses Q1 EPS by 15c, Misses on Revenue

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Go back to Forrester (FORR) Misses Q1 EPS by 15c, Misses on Revenue

Forrester Research Reports 2023 First-Quarter Financial Results

May 4, 2023 4:05 PM EDT

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Forrester Research, Inc. (Nasdaq: FORR) today announced financial results for the first quarter ended March 31, 2023. Results were driven by flat contract value (CV) growth and a revenue decline of 9%. On a GAAP basis, loss per share was $0.21, and on an adjusted basis, earnings per share (EPS) was $0.27.

Commenting on the announcement, CEO and Chairman George Colony stated, The first quarter was difficult for Forrester. The unsteady economy, along with our ongoing product transformation, constitute ongoing challenges for our business. Consequently, we are taking actions to maintain... More