Forrester Research FY23 Adj Compensation Expense $15M-$15.5M

Adjusted financial guidance for the full-year 2023 excludes stock-based compensation expense of $15.0 million to $15.5 million, amortization of acquisition-related intangible assets of approximately $12.0 million, restructuring costs of approximately $12.2 million, a legal settlement of $4.8 million, and any investment gains or losses.

• Adjusted operating margin of approximately 10.5% to 11.5%
• Adjusted effective tax rate of approximately 29%
• Adjusted diluted earnings per share of approximately $1.80 to $2.00