Forrester Research(US:FORR)2024-04-30 22:07Financial Performance - Consolidated revenue was $480.8 million, a decrease of 11% compared to the prior year[21] - Research revenue was $334.4 million, a decrease of 6% compared to the prior year[21] - Consulting revenue was $118.2 million, a decrease of 23% compared to the prior year[21] - Event revenue was $28.2 million, a decrease of 8% compared to the prior year[21] - Adjusted EBITDA was $60.7 million[10] - Q1 2024 consolidated revenue was $100.1 million, a decrease of 12% compared to the prior year[43] - Q1 2024 research revenue was $76.6 million, a decrease of 5% compared to the prior year[43] - Q1 2024 consulting revenue was $23.1 million, a decrease of 27% compared to the prior year[43] - Q1 2024 event revenue was $0.4 million, a decrease of 65% compared to the prior year[43] - Adjusted EPS is guided between $1.50 and $1.70[62] Forrester Decisions (FD) - Two-thirds of Contract Value (CV) is in Forrester Decisions[10] - Forrester Decisions clients represent 50% of CV[23] - Forrester Decisions wallet retention is 87%[98] - Forrester Decisions client retention is 82%[98] Investment and ROI - The composite organization invests $710,000 in costs and experiences $2.54 million in benefits over three years, resulting in a net present value (NPV) of $1.83 million and an ROI of 259%[18]