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Forrester Resh Inc (FORR) is a leading independent research and advisory firm providing actionable insights to global business leaders. This page serves as a comprehensive hub for official company news, including earnings reports, leadership updates, strategic partnerships, and research initiatives.
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Forrester Research (Nasdaq: FORR) announced that CEO George Colony, CFO Michael A. Doyle, and CAO Scott Chouinard will present at the Sidoti & Company Virtual Investor Conference on March 25, 2021, at 10:45 a.m. Eastern. The event will be held virtually, and a link to the live webcast will be available on the company's website.
Forrester helps leaders drive growth through customer-centric strategies, leveraging extensive research and insights.
Forrester Research announced its Q4 and full-year 2020 results, showing a revenue decline to $120.5 million from $124.3 million YoY. The company posted net income of $2.4 million ($0.13/share), down from $4.9 million ($0.26/share) in Q4 2019. Full-year revenues were $449.0 million, a drop from $461.7 million in 2019, but net income improved from a loss of $9.6 million in 2019 to $10.0 million in 2020. For Q1 2021, Forrester expects revenues between $104.0 million and $108.0 million. Full-year 2021 revenue guidance is set at $466.0 million to $476.0 million.
Forrester Research (Nasdaq: FORR) will host a conference call to discuss its fourth-quarter and full-year earnings on February 11, 2021, at 4:30 p.m. Eastern Time. Investors are encouraged to log in 15 minutes early, with preregistration available online. A replay will be accessible on Forrester's website for those unable to attend the live session. Forrester is a leading research and advisory firm, aiding business and technology leaders in driving growth through customer-focused strategies.
Forrester (Nasdaq: FORR) announced its global events schedule for 2021, aiming to enhance customer obsession and business growth. The events will cater to sales, marketing, product, technology, and customer experience leaders, featuring research and frameworks for business success. Key events include:
- CX APAC (May 11-12)
- B2B Summit North America (May 3-6)
- Data Strategy & Insights (November 18-19)
Initially virtual, Forrester plans to integrate in-person components later in the year, depending on health guidelines.
Forrester Research (NASDAQ: FORR) announces that CEO George Colony and CFO Michael A. Doyle will present virtually at the Sidoti & Company Virtual Investor Conference on January 13, 2021 at 11:30 a.m. Eastern. Interested investors can access the live webcast through the company's website. Forrester is a leading research and advisory firm, empowering organizations through customer-centric strategies.
On December 10, 2020, Forrester (Nasdaq: FORR) reported that the artificial intelligence (AI) software market is projected to reach $37 billion by 2025, significantly lower than investors' expectations of $150 to $200 billion. Key factors include: less than 3% of AI software revenues being expected from the overall application market post-2023, 60% of software buyers anticipating AI features from existing vendors, and the diminishing ability for AI-infused applications to command premium prices. Growth opportunities lie in AI maker and facilitator platforms.
Forrester forecasts US online holiday sales to grow 24% year-over-year in 2020, reaching a historic $173 billion. This growth, from $139 billion in 2019, is driven by several factors:
- Limited stimulus fallout: High personal savings have mitigated potential declines.
- Strong online sales growth: E-commerce continues to thrive amid rising infection rates.
- Early holiday sales: Retailers have begun promotions earlier due to logistics concerns.
- Large players winning: Major retailers like Amazon and Walmart are expected to dominate revenue.
Forrester Research reported steady third-quarter revenues of $108.6 million for 2020, matching 2019 figures. Adjusted revenues fell slightly to $108.7 million from $110.3 million year-over-year. The company noted increased demand for its services due to the pandemic, exceeding revenue guidance by $4.7 million and adjusted EPS by $0.12. For Q4, Forrester raised its full-year guidance to revenues between $436.6 million and $444.6 million and adjusted EPS of $1.53 to $1.60. However, GAAP net loss was $3.8 million, compared to $2.7 million in Q3 2019.
Forrester (FORR: NASDAQ) highlights emerging technology trends requiring CIOs to adapt amidst digital acceleration and uncertainty. Key findings from their report include a rising demand for ethical AI, a shift towards hyperlocal business operations, and the integration of cloud-native technologies. As businesses face evolving consumer behaviors and security challenges, adopting these trends will be crucial for resilience and competitiveness. Companies must focus on innovative business models and strategic automation to thrive in the coming decade.
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