Research information services iii solid ending to the year

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Wednesday, March 11, 2020

Information Services (III)

Solid Ending to the Year

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 70 of the top 100 enterprises in the world, 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 more information, visit www.isg-one.com

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

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

    4Q19 Results. Information Services reported solid 4Q19 results with revenue of $65.5 million GAAP EPS of $0.04 and adjusted EPS of $0.10 compared to $67.9 million, a GAAP loss of $0.02, and adjusted EPS of $0.05 last year. We had forecast revenue of $67 million, GAAP EPS of $0.03, and adjusted EPS of $0.08. For the full year, III had revenue of $265.7 million, GAAP EPS of $0.07, and adjusted EPS of $0.29.

    Strong Cash Flow Generation. Fourth quarter CFFO was $14.6 million due to operating results and collections. This brings the full year CFFO to $20.4 million, up from $19.1 million in 2018. Adjusted EBITDA for 2019 totaled $31.5 million, down modestly from…


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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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