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Article Excerpt
Forrester Research, Inc. (Nasdaq: FORR) announced its first-quarter ended March 31, 2009 financial results. First-Quarter Financial Performance Total revenues were $56.4 million, compared with $55.0 million for the first quarter of last year.
On a GAAP-reported basis, Forrester reported net income of $2.6 million, or $0.11 per diluted share, compared with net income of $5.0 million, or $0.21 per diluted share, for the same period last year.
On a pro forma basis, net income was $6.3 million, or $0.27 per diluted share, for the first quarter of 2009, which reflects a pro forma effective tax rate of 40 percent. Pro forma net income excludes stock-based compensation of $2.2 million, amortization of...
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