The Boston Globe yesterday ranked Forrester Research, Inc. (Nasdaq: FORR) forty-eighth in The Globe 100, which ranks the 100 best-performing companies in Massachusetts. In The Growth 50, which rates Massachusetts’ fastest growing companies, Forrester placed eleventh. Forrester was also listed among the top Massachusetts companies for stock market value.
“In a region recognized nationwide as a hotbed of technology, we are honored to be distinguished as a leading Massachusetts company,” said George F. Colony, CEO of Forrester Research. “As the Internet continues to challenge the future viability of companies worldwide, Forrester remains driven in providing the research and analysis that enables firms to align their business strategy and technology investments with the ever-changing industry.”
The Globe 100 uses a composite score based on total revenues and one-year growth in revenues and profit margin. A company’s rankings are derived from financial data for the four quarters ending closest to December 31, 1999, and for corresponding quarters a year earlier. To be considered for The Globe 100, a company must have been publicly traded for all of 1999, with a 1999 revenue of at least $25 million and have reported a profit in both 1998 and 1999. Last year, Forrester ranked fifty-eighth in The Globe 100.
The Growth 50 is based on average annual increases in profitability and sales for more than two years. To be eligible for the list, a company must have had at least $10 million in 1999 sales and $1 million in 1998 profits. A company must also have been publicly traded for all of 1998 and 1999. In 1999, The Boston Globe listed Forrester eleventh on The Growth 50.