Forrester Research Reports 2017 Fourth-Quarter And Full-Year Financial Results

Total revenues were $337.7 million, compared with $326.1 million for the same period in 2016. Research revenues increased 1%, and advisory services and events revenues increased 9%, compared with 2016. On a constant-currency basis, research revenues increased 1%, advisory services and events revenues increased 9%, and overall revenue increased 3%, compared with 2016.

On a GAAP basis, net income was $15.1 million, or $0.83 per diluted share, for 2017, compared with net income of $17.7 million, or $0.97 per diluted share, for 2016.

On a pro forma basis, net income was $22.3 million, or $1.22 per diluted share, for 2017, which reflects a pro forma effective tax rate of 40%. Pro forma net income excludes stock-based compensation of $8.5 million, amortization of acquisition-related intangible assets of $0.8 million, and net investment losses of $0.5 million. This compares with pro forma net income of $24.8 million, or $1.36 per diluted share, for 2016, which reflects a pro forma tax rate of 40%. Pro forma net income for 2016 excludes stock-based compensation of $8.0 million, amortization of acquisition-related intangible assets of $0.8 million, reorganization costs of $1.0 million, and net investment losses of $0.8 million.

A reconciliation of GAAP results to pro forma results may be found in the attached financial tables.

2018 Guidance

Forrester is providing first-quarter 2018 financial guidance as follows:

First-Quarter 2018 (GAAP):

• Total revenues of approximately $77.0 million to $80.0 million.
• Operating margin of approximately (2.0)% to 0%.
• Other income, net of zero.
• An effective tax rate of 31%.
• Loss per share of approximately $0.01 to $0.05.

First-Quarter 2018 (Pro Forma):

Pro forma financial guidance for the first quarter of 2018 excludes stock-based compensation expense of $2.0 million to $2.2 million, amortization of acquisition-related intangible assets of approximately $0.2 million, and any investment gains or losses.

• Pro forma operating margin of approximately 1.0% to 3.0%.
• Pro forma effective tax rate of 31%.
• Pro forma diluted earnings per share of approximately $0.03 to $0.07.

Our full-year 2018 guidance is as follows:

Full-Year 2018 (GAAP):

• Total revenues of approximately $352.0 million to $360.0 million.
• Operating margin of approximately 7.5% to 8.5%.
• Other income, net of zero.
• An effective tax rate of 31%.
• Diluted earnings per share of approximately $1.03 to $1.10.

Full-Year 2018 (Pro Forma):

Pro forma financial guidance for full-year 2018 excludes stock-based compensation expense of $8.3 million to $8.8 million, amortization of acquisition-related intangible assets of approximately $0.7 million, and any investment gains or losses.

• Pro forma operating margin of approximately 10.0% to 11.0%.
• Pro forma effective tax rate of 31%.
• Pro forma diluted earnings per share of approximately $1.38 to $1.45.

Quarterly Dividend

Forrester is announcing today that its board of directors has authorized a 5% increase to its regularly quarterly dividend from $0.19 per share to $0.20 per share. The next dividend of $0.20 per share is payable March 21, 2018, to shareholders of record on March 7, 2018.

About Forrester Research

Forrester Research is one of the most influential research and advisory firms in the world. We work with business and technology leaders to develop customer-obsessed strategies that drive growth. Forrester's unique insights are grounded in annual surveys of more than 675,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients. Through proprietary research, data, custom consulting, exclusive executive peer groups, and events, the Forrester experience is about a singular and powerful purpose: to challenge the thinking of our clients to help them lead change in their organizations. For more information, visit forrester.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, Forrester's financial guidance for the first quarter of and full-year 2018, statements about the success of operational improvements, and statements about Forrester's future financial performance and financial condition. These statements are based on Forrester's current plans and expectations and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual future activities and results to differ include, among others, Forrester's ability to retain and enrich memberships for its research products and services, technology spending, Forrester's ability to respond to business and economic conditions and market trends, the risks and challenges inherent in international business activities, competition and industry consolidation, the ability to attract and retain professional staff, Forrester's dependence on key personnel, the possibility of network disruptions and security breaches, and possible variations in Forrester's quarterly operating results. Financial guidance regarding shares outstanding and per-share amounts is based on certain assumptions that are subject to change, including as a result of the number of shares repurchased by Forrester under its announced share repurchase program. Dividend declarations are at the discretion of Forrester's board of directors, and plans for future dividends may be revised by the board at any time. Forrester undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information, please refer to Forrester's reports and filings with the Securities and Exchange Commission.

The consolidated statements of income and the table of key financial data are attached.

Contact:

Michael Doyle
Chief Financial Officer
Forrester Research, Inc.
+1 617-613-6000
mdoyle@forrester.com

Meaghan Rhyasen
Public Relations
Forrester Research, Inc.
+1 617-613-6070
press@forrester.com

© 2018, Forrester Research, Inc. All rights reserved. Forrester is a trademark of Forrester Research, Inc.

Forrester Research, Inc.
Consolidated Statements of Income
(Unaudited, In thousands, except per share data)
		Three Months Ended				Year Ended
		December 31,				December 31,
		2017		2016		2017		2016
Revenues:
Research services		$                    55,918		$                    54,218		$                  216,471		$                  215,216
Advisory services and events		34,459		29,228		121,202		110,879
Total revenues		90,377		83,446		337,673		326,095
Operating expenses:
Cost of services and fulfillment		36,058		32,746		136,872		128,175
Selling and marketing		33,562		29,408		123,917		116,898
General and administrative		11,234		10,220		41,906		40,579
Depreciation		1,873		1,830		6,648		7,812
Amortization of intangible assets		199		204		781		831
Reorganization costs		-		-		-		1,026
Total operating expenses		82,926		74,408		310,124		295,321
Income from operations		7,451		9,038		27,549		30,774 Werbung Mehr Nachrichten zur Forrester Resear Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 02:00 - PR Newswire Kasei Digital Assets Plc - Launch of New Interactive Investor Hub 24.04.24 - PR Newswire Oxford Instruments Plc - Holding(s) in Company 24.04.24 - PR Newswire Fidelity Japan Trust Plc - Monthly Factsheet SolarBank    Wie die Revolution der sauberen Energie eine solide Investitionsmöglichkeit bieten könnte weiterlesen» Anzeige wo-site-teaser-box-16755_site-teaser-box_2024-04-25_09%253A00%253A00_2024-04-26_09%253A00%253A59