FOR IMMEDIATE RELEASE



        FORRESTER RESEARCH ANNOUNCES FIRST-QUARTER 2003 FINANCIAL RESULTS



CAMBRIDGE, Mass., April 30, 2003... Forrester Research, Inc. (Nasdaq: FORR)

today announced financial results for the first quarter ended March 31, 2003, in

line with its previous financial guidance.



FIRST-QUARTER FINANCIAL PERFORMANCE



-     Total revenues were $24.8 million, compared with $26.1 million for the

      first quarter of last year.



-     On a GAAP-reported basis, which reflects an effective tax rate of 31

      percent, Forrester reported first-quarter net income of $1.8 million, or

      $0.08 per diluted share compared to a net loss of $6.1 million, or $0.26

      per diluted share for the same period last year.



-     On a pro forma basis, which excludes amortization of acquisition-related

      intangible assets of $924,000 and a write-down of $300,000 related to

      impairments of certain non-marketable securities, and which reflects a pro

      forma effective tax rate of 35 percent, pro forma net income was $2.5

      million, or $0.11 per diluted share, for the first quarter of 2003. The

      pro forma effective tax rate of 35 percent varies from our actual

      effective tax rate of 31 percent due to our tax-free interest income

      decreasing as a percentage of our pro forma pre-tax income. This compares

      with pro forma net income of $3.3 million, or $0.14 per diluted share for

      the same period last year, which excludes the reorganization costs

      of $9.1 million, amortization of acquisition-related intangible assets of

      $82,000, and impairment charges of $2.2 million.



A reconciliation of GAAP results to pro forma results may be found in the

attached financial tables.



GIGA INTEGRATION



"Although Forrester's first quarter was extremely busy with the acquisition and

integration of Giga Information Group, we remained focused on our clients and

were pleased to meet our financial guidance," said George F. Colony, chairman of

the board and chief executive officer. "Client satisfaction remains the top

priority throughout this integration and clients will continue to be served by

the same research and account teams in 2003. We are selling two distinct but

complementary research brands -- Forrester and Giga. Behind the scenes,

integration is ahead of schedule, and we are already achieving economies of

scale in our general and administrative functions."



Additionally, Forrester integrated Giga's ForSITE(TM) offering into the

Forrester Oval Program(TM)'s CIO Group during the first quarter. The combined

board, which consists of 80 members, provides CIOs with a peer network,

client-directed research, benchmark data, best practices, and short projects.

Along with the CIO Group, three other technology councils from Giga now

constitute the Forrester Oval Program: Applications and Development, Security,

and Enterprise Architecture.



"We strongly believe the new Forrester value proposition is differentiated in

the marketplace," said Colony. "Forrester helps companies plan while Giga helps

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