Research – Information Services (III) – Q4 review; the full story

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Friday, March 15, 2019

Information Services Group (III)

Record 4Q Revenues But Why the Miss On Consensus Numbers?

Information Services
Group (ISG) (III) is a leading technology insights, market intelligence and
advisory services company, serving more than 500 clients around the world to
help them achieve operational excellence. ISG supports private and public
sector organizations to transform and optimize their operational environments
through research, benchmarking, consulting and managed services, with a focus
on information technology, business process transformation, program management
services and enterprise resource planning.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Record 4Q and Full Year Revenues. III reported record 4Q revenue of $67.9 million and record
    full year revenue of $275.8 million. Adjusted EBITDA came in at $8.6 million
    for the quarter and $33 million for the year. Management had guided to revenue
    in the $280-$285 million range and adjusted EBITDA in the $35-$37 million range.
  • Europe the Growth Driver Again. While Europe was up
    18% y-o-y to $25.3 million, the Americas business was down 3% to $38.1 million
    due to ongoing softness in the U.S. public sector and timing of client
    engagements, and Asia Pacific declined by $1.4 million to $4.5 mill    … 






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