Forrester Research reported its Q3 2023 financial results, showing a decrease in revenue to $113.4 million compared to $127.7 million in the same quarter of the prior year. The contract value remained flat at $349.4 million. Net income also decreased to $2.5 million, or $0.13 per diluted share, compared to $5.4 million, or $0.28 per diluted share, in Q3 2022.
Total revenue decreased to $113.4 million, compared to $127.7 million in the same quarter last year.
Net income decreased to $2.5 million, or $0.13 per diluted share, compared to $5.4 million, or $0.28 per diluted share, for the same period in 2022.
Adjusted net income was $8.6 million, or $0.44 per diluted share, compared to $10.9 million, or $0.57 per diluted share, for the same period in 2022.
Contract value remained flat at $349.4 million compared to the prior year.
Forrester is providing updated guidance for 2023.
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