Forrester Research reported a strong fourth quarter in 2021, with total revenues of $133.7 million compared to $120.5 million in Q4 2020. Net income increased to $8.0 million, or $0.41 per diluted share, compared to $2.4 million, or $0.13 per diluted share, for the same period in 2020. The company saw significant growth in contract value and client retention.
Total revenues reached $133.7 million, up from $120.5 million in Q4 2020.
Net income was $8.0 million, or $0.41 per diluted share, compared to $2.4 million, or $0.13 per diluted share in Q4 2020.
Adjusted net income was $11.3 million, or $0.59 per diluted share, compared to $6.6 million, or $0.35 per diluted share in Q4 2020.
Contract value increased by 15% year-over-year, reaching $345.8 million.
Forrester is providing first-quarter 2022 financial guidance. Total revenues of approximately $119.0 million to $123.0 million.
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