Wednesday, May 10, 2023
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For additional information, visit www.ISG-One.com
Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
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Seeing More Demand. ISG’s momentum has continued to build and this quarter realized an all time high in revenue, as demand for digital services, especially cost optimization, is providing ISG with a nice tailwind through the economic environment. Companies continue to invest in digital to maintain and build competitive advantage. The client base now exceeds 900.
Record Revenue. ISG reported an all-time record revenue of $78 million, exceeding guidance and our estimate of $74 million. Recurring revenue, driven by double-digit growth in the GovernX and risk management business, reached a record $33 million, up 27% y-o-y.
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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