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Forrester Research Inc - FORR STOCK NEWS

Welcome to our dedicated page for Forrester Research news (Ticker: FORR), a resource for investors and traders seeking the latest updates and insights on Forrester Research stock.

Forrester Research Inc (symbol: FORR) stands as one of the world's foremost research and advisory firms, providing invaluable insights to business and technology leaders. The company’s mission is to help organizations develop customer-obsessed strategies that drive meaningful growth. Forrester's unique insights are derived from annual surveys of over 500,000 consumers and business leaders globally, utilizing rigorous and objective methodologies.

Forrester operates through three main segments: Research, Consulting, and Events. The Research segment creates and delivers comprehensive research, connect, and analytics products. The Consulting segment focuses on generating revenue through tailored consulting services, helping clients implement strategies based on Forrester’s research. Lastly, the Events segment develops and hosts both in-person and virtual events, providing platforms for executive peer networking and knowledge sharing.

Forrester’s offerings include proprietary research reports, custom consulting services, exclusive executive peer groups, and a variety of events aimed at challenging clients’ thinking and empowering them to lead transformative changes in their organizations. Recent achievements of the company include expanding its research into emerging technologies, forging new partnerships, and enhancing its data analytics capabilities.

Financially, Forrester has maintained a strong performance, showcasing growth in revenue across its different segments. The company continues to innovate and deliver value to its clients, underpinned by its commitment to rigorous research and objective analysis.

To learn more about Forrester Research Inc and its latest updates, visit their official website or check the latest news section.

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Forrester (FORR) announces that Gary Clark Jr. will perform live at B2B Summit North America in May 2024. The event aims to drive growth through cross-functional alignment, offering over 100 sessions on customer-centric experiences and leveraging data and AI for business outcomes.
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Forrester (FORR) announces B2B Summit North America event in 2024 focusing on evolving go-to-market strategies and revenue processes to deliver customer value.
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Forrester Research, Inc. (FORR) reported a challenging 2023, with revenue down 11% and contract value (CV) down by 4%. The company made progress in improving the Forrester Decisions platform, upskilling the sales organization, and readying the genAI tool, Izola, for release. Forrester expects pressures throughout 2024 on CV, key retention metrics, and revenue, but has laid the foundations for CV growth in 2025. Total revenues for Q4 2023 were $118.1 million, with a net loss of $0.7 million on a GAAP basis. For the full year 2023, total revenues were $480.8 million, with a net income of $3.1 million on a GAAP basis.
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Forrester (FORR) opens nominations for 2024 global Technology Awards in two categories: Technology Strategy Impact and Enterprise Architecture. The awards recognize organizations aligning their IT strategy to business goals, driving growth, and building customer trust. Firms with strong alignment grow 2.4 times faster than peers and have twice the profitability. Nominations open to organizations with 1,000 or more employees across North America, EMEA, and APAC. Award recipients will be announced and honored at Forrester’s Technology & Innovation Summits in 2024.
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Forrester Research, Inc. (FORR) will hold its Q4 and full-year earnings conference call on February 8, 2024, at 4:30 p.m. ET. The call will be accessible on Forrester.com. Investors can pre-register and download the necessary audio applications for free. A replay will also be available on the website.
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Forrester's Global Tech Market Forecast for 2023 to 2027 predicts a 5.3% growth in technology spend in 2024, primarily driven by increased spending on software and IT services, especially generative AI, cloud, security, and digital, and economic growth in the Asia Pacific region. By 2027, software and IT services are expected to capture 69% of global tech spend, with investments in generative AI software predicted to reach $227 billion by 2030 at a 36% compound annual growth rate. Asian countries, including India, the Philippines, Vietnam, Indonesia, Malaysia, and China, are forecasted to have the fastest tech spend growth in 2024. The global tech spend is projected to reach $4.7 trillion in 2024, with growth across all regions, including 5.7% in Asia Pacific, 5.4% in North America, and 5.1% in Europe. India is expected to become one of the largest exporters of technology services, with IT exports reaching $194 billion in 2023, and total technology and service industry revenues potentially reaching $350 billion by 2025. Financial services and healthcare will see the fastest tech spend growth in 2024, with strong demand for cloud and AI across all regions.
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Forrester (FORR) estimates that global tech spending will reach $4.7 trillion in 2024, putting pressure on technology leaders to provide IT capabilities that drive growth while managing costs. The company's high-performance IT research focuses on alignment, trust, and adaptivity, and identifies four common high-performance IT styles: enabling, co-creating, amplifying, and transforming.
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Forrester (FORR) forecasts that total retail sales of Europe-5 countries will increase from €2.3 trillion in 2023 to reach €2.7 trillion in 2028 at a 2.9% compound annual growth rate (CAGR). Online retail sales are expected to rebound to pre-pandemic levels in 2024 and beyond, reaching €579 billion in 2028, representing 22% of total retail sales in these markets. Germany, the UK, and France are the key markets with significant growth in both offline and online retail sales.
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Forrester (Nasdaq: FORR) has opened the call for nominations for its 2024 Customer-Obsessed Enterprise Awards. These awards recognize organizations that prioritize customer focus and deliver exceptional customer experiences, with open nominations across Asia Pacific, Europe, and North America. The awards also include a special category for leaders in North America who demonstrate strong customer focus. The winners will be honored at Forrester's CX forums in 2024.
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Forrester (FORR) reports that 71% of enterprises are experimenting with generative AI (genAI) to enhance experiences, offerings, and productivity. The mass adoption of genAI has transformed customer and employee interactions and expectations, catapulting AI initiatives to the basis for competitive roadmaps. Enterprises are advised to make trust an intrinsic part of their genAI foundation, stay focused on practical use cases, invest in known and emerging skills, and differentiate by relying on their own business data.
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FAQ

What is the current stock price of Forrester Research (FORR)?

The current stock price of Forrester Research (FORR) is $15.3 as of December 20, 2024.

What is the market cap of Forrester Research (FORR)?

The market cap of Forrester Research (FORR) is approximately 290.4M.

What does Forrester Research Inc do?

Forrester Research Inc provides independent research, data, and advisory services to help organizations develop customer-focused strategies for growth.

What are the main segments through which Forrester operates?

Forrester operates through three main segments: Research, Consulting, and Events.

How does Forrester gather its insights?

Forrester gathers insights from annual surveys of over 500,000 consumers and business leaders worldwide, supported by rigorous and objective methodologies.

What kind of services does Forrester offer?

Forrester offers proprietary research reports, custom consulting services, exclusive executive peer groups, and organizes various in-person and virtual events.

How can Forrester’s insights help businesses?

Forrester’s insights help businesses develop customer-obsessed strategies that drive growth and achieve transformative changes within their organizations.

What recent achievements has Forrester made?

Recent achievements include expanding research into emerging technologies, forming new partnerships, and enhancing data analytics capabilities.

What is Forrester's financial condition?

Forrester has shown strong financial performance with growth in revenue across its segments, underpinned by its commitment to rigorous research.

How can I access Forrester's latest updates?

You can visit Forrester’s official website or the latest news section on their site to access the most recent updates and insights.

Where is Forrester Research Inc based?

Forrester Research Inc is based in the United States.

Who can benefit from Forrester's services?

Business and technology leaders seeking to develop customer-focused strategies and drive growth within their organizations can benefit from Forrester's services.

Forrester Research Inc

Nasdaq:FORR

FORR Rankings

FORR Stock Data

290.35M
11.32M
40.13%
55.58%
1.85%
Consulting Services
Services-engineering, Accounting, Research, Management
Link
United States of America
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