Forrester Research(FORR)

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Forrester Research(FORR) - 2023 Q2 - Earnings Call Presentation
2023-07-28 02:17
| --- | --- | |-------------------------------------------------|-------| | | | | © Forrester Research, Inc. All rights reserved. | | | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------|-------------------------------------|--------------------------------------------------------------------------------------------------------------| | | | | | Research Multi-year, annual recurring revenue product portfolio that co ...
Forrester Research(FORR) - 2023 Q2 - Earnings Call Transcript
2023-07-28 02:16
Forrester Research, Inc. (NASDAQ:FORR) Q2 2023 Earnings Conference Call July 27, 2023 4:30 PM ET Company Participants Ed Bryce Morris - Vice President, Corporate Development and Investor Relations George Colony - Chief Executive Officer and Chairman Chris Finn - Chief Financial Officer Carrie Johnson - Chief Product Officer Nate Swan - Chief Sales Officer Conference Call Participants Anja Soderstrom - Sidoti Vince Colicchio - Barrington Research Operator Good afternoon and thank you for standing by. Welcome ...
Forrester Research(FORR) - 2023 Q1 - Quarterly Report
2023-05-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. DELAWARE 04-2797789 (I.R.S. Employer Identification Number) 60 Acorn Park Drive CAMBRIDGE, MASSACHUSETTS (Address of principal executive offices) (617) 613-6000 (Registrant's telephone nu ...
Forrester Research(FORR) - 2023 Q1 - Earnings Call Transcript
2023-05-05 01:49
Forrester Research, Inc. (NASDAQ:FORR) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Tyson Seely - Vice President of Investor Relations George Colony - Chief Executive Officer and Chairman Nate Swan - Chief Sales Officer Chris Finn - Chief Financial Officer Carrie Johnson - Chief Product Officer Conference Call Participants Andrew Nicholas - William Blair Anja Soderstrom - Sidoti Vincent Colicchio - Barrington Research Operator Good afternoon, and thank you for standing by. We ...
Forrester Research(FORR) - 2022 Q4 - Annual Report
2023-03-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Cambridge, Massachusetts 02140 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 000-21433 Forrester Research, Inc. (Exact name of Registrant as specified in its Charter) Delaware 04-2797789 (State ...
Forrester Research(FORR) - 2022 Q4 - Earnings Call Transcript
2023-02-09 23:39
Forrester Research, Inc. (NASDAQ:FORR) Q4 2022 Earnings Conference Call February 9, 2023 4:30 PM ET Company Participants Tyson Seely - VP, IR George Colony - Chairman and CEO Chris Finn - CFO Carrie Johnson - Chief Product Officer Nate Swan - Chief Sales Officer Conference Call Participants Andrew Nicholas - William Blair Anja Soderstrom - Sidoti Vincent Colicchio - Barrington Operator Good afternoon and thank you for standing by. Welcome to Forrester's Fourth Quarter and Full Year 2022 Conference Call. At ...
Forrester Research(FORR) - 2022 Q3 - Earnings Call Transcript
2022-11-05 21:09
Financial Data and Key Metrics Changes - Forrester's revenue grew 8% year-over-year, impacted by a two-point foreign currency headwind [11] - Margin increased, and earnings per share (EPS) rose 39% year-over-year [11][41] - Net contract value increase (NCVI) was up 7% overall, down three percentage points compared to Q2 [11] - Client retention declined to 75%, and wallet retention was down to 97% [34] Business Line Data and Key Metrics Changes - Research revenues increased by 9% compared to Q3 2021, driven by growth in contract value [33] - Consulting business revenues were flat at $37.4 million compared to the prior year [37] - Events business revenues surged 276% year-over-year, reaching $3.3 million [38] Market Data and Key Metrics Changes - The European business experienced a slowdown due to the Ukraine war and energy uncertainty, with the slowest NCVI growth among global regions [12] - The event business showed strong recovery, with record attendance and sponsorship growth [21] Company Strategy and Development Direction - The company is focused on transitioning clients to the Forrester Decisions research platform, which is expected to constitute one-third of contract value by year-end [14][27] - The strategy includes enhancing client contracts and retention through the new platform, which offers 16 different services [15][72] - The company plans to stop selling new legacy research contracts as of January 1, 2023 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic challenges and emphasized the importance of financial discipline [10][22] - The company anticipates continued macroeconomic headwinds, including recession risks in 2023 [49][50] - Despite challenges, management remains optimistic about long-term growth potential driven by the Forrester Decisions platform [50][52] Other Important Information - The company has raised its margin and EPS guidance for the fourth quarter due to ongoing expense management [13][47] - Cash flow from operating activities year-to-date was $37.8 million, with capital expenditures of $4.2 million [41] - The company plans to provide annual guidance moving forward, rather than quarterly [53] Q&A Session Summary Question: Client retention and conversion rates - Management noted that client retention and wallet retention are expected to remain in the low 70s in the near term due to macroeconomic issues and the transition to Forrester Decisions [58][59] Question: Cost savings areas - Cost savings have been achieved through tighter control on travel and entertainment expenses and non-critical headcount [63] Question: Industry performance - Smaller tech clients are underperforming, while larger clients transitioning to Forrester Decisions are showing improved retention rates [66][67] Question: Hiring a new head of sales - The search for a new Chief Sales Officer is ongoing, with a focus on candidates experienced in scaling businesses and driving metrics-driven sales organizations [75][76] Question: Exposure to small tech clients - The company has some exposure to small tech clients, but it is not characterized as material [82] Question: Sales force growth expectations - The company expects to grow its sales force in 2023, but the rate will depend on macroeconomic conditions [83][85]
Forrester Research(FORR) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE QUARTERLY PERIOD ENDED September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NUMBER: 000-21433 FORRESTER RESEARCH, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 60 Aco ...
Forrester Research(FORR) - 2022 Q2 - Quarterly Report
2022-08-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. FOR THE QUARTERLY PERIOD ENDED June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NUMBER: 000-21433 FORRESTER RESEARCH, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 60 Acorn Pa ...
Forrester Research(FORR) - 2022 Q2 - Earnings Call Transcript
2022-07-30 00:53
TAL Education Group (TAL) Q2 2022 Earnings Conference Call July 29, 2022 4:30 PM ET Company Participants Chris Finn - CFO Tyson Seely - VP, IR George Colony - Chairman & CEO Kelley Hippler - Chief Sales Officer Conference Call Participants Trevor Romeo - William Blair Vincent Colicchio - Bernstein Operator Thank you, and hello, everyone. Thanks for joining today's call. Earlier this afternoon, we issued our press release for the second quarter of 2022. If you need a copy, you can find one on our website in ...