COMPANY Data
Movers and SHAKERS
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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