Financial Highlights

Year Ended December 31,			1994	1995	1996
(In thousands, except statistical and per share data)
Revenues			$09,699	$14,589	$24,963
Operating income			$01,487	$01,784	$04,082
Net income (1)			$00,956	$01,288	$02,806
Net income per share (1)			$000.15	$000.20	$000.43
December 31,			1994	1995	1996
Stockholders' equity			$01,120	$02,047	$33,762
Deferred revenue			$07,098	$11,359	$17,816
Agreement value (2)			$10,235	$17,818	$30,034
Client companies (3)			N/A	799	885

( 1) Pro forma to give effect to income tax adjustments that would have been made had the Company been taxed throughout the periods as a C corporation. (2) Agreement value, as measured by the Company, represents the annualized subscription fees for all core research and advisory services contracts in effect at a given point in time, without regard to the remaining duration of such contracts. (3) Client companies represents the total number of companies with which Forrester conducts business at a given point in time. Forrester may provide multiple services to more than one business unit of the client company.