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Forrester Research Q2 Revenues Up 7.6%

Total revenues were $79.1 million for the second quarter of 2012, compared with $73.5 million for the second quarter of last year.  On a GAAP basis, net income was $7.8 million, or $0.34 per diluted share, for the second quarter of 2012, compared with net income of $5.5 million, or $0.24 per diluted share, for the same period last year.

Revenues for the Six-Month Period Ended June 30, 2012 were $149.4 million, compared with $139.2 up 7.3%.  On a GAAP basis, net income was $11.0 million, or $0.47 per diluted share, for the six months ended June 30, 2012, compared with net income of $8.4 million, or $0.36 per diluted share, for the same period last year.

Forrester is reducing revenue and profit guidance for the year. It had put in place ambitious initiatives and organizational changes to better serve clients, however more time is needed before these initiatives have a significant impact on its financial performance.

Source:  Yahoo Finance

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