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Jun 30, 2021
Forrester Q2 2021 Earnings Report
Forrester's Q2 2021 financial results were announced, demonstrating year-over-year growth in contract value and revenue across all business units.
Key Takeaways
Forrester Research reported a strong second quarter in 2021, with total revenues of $128.7 million, a 9% increase in contract value to $320 million, and GAAP net income of $8.3 million or $0.43 per diluted share. The company is raising guidance for the second time this year.
Total revenues increased to $128.7 million compared to $113.5 million in the second quarter of 2020.
Contract value grew by 9% year-over-year, reaching $320 million.
GAAP net income was $8.3 million, or $0.43 per diluted share.
Adjusted net income was $12.7 million, or $0.66 per diluted share.
Revenue by Segment
Forward Guidance
Forrester is providing third-quarter and full-year 2021 financial guidance.
Positive Outlook
- Total Q3 revenues of approximately $114.0 million to $118.0 million.
- Q3 adjusted operating margin of approximately 6.0% to 8.0%.
- Q3 adjusted diluted earnings per share of approximately $0.22 to $0.28.
- Full year revenues of approximately $485.0 million to $495.0 million.
- Full year adjusted diluted earnings per share of approximately $1.75 to $1.85.
Challenges Ahead
- Q3 operating margin of approximately 1.0% to 3.0%.
- Q3 interest expense of approximately $1.0 million.
- Q3 effective tax rate of 31%.
- Q3 earnings per share of approximately $0.01 to $0.07.
- Full year interest expense of approximately $4.3 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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