Movers and SHAKERS
Information Services (III)
Additional 4Q Comments and Updated Projections
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.
Client Expansion. In spite of a difficult operating environment, ISG's value proposition resonated with existing and new clients during 2020. During the year, ISG served 722 clients, up 3% y-o-y, including 224 new clients, all won in a work-from-home selling environment. ISG GovernX increased users by 90%, to 12,000, during the year. The number of contracts under management rose by 80% to 8,000 and the total contract value under management rose by 30% to $46 billion.
ISG NEXT. As we have previously mentioned, ISG NEXT can be a game changer for the Company, potentially increasing EBITDA margin by 400 basis points over the next two years. Under the new platform, ISG consultant utilization rose to 73% versus 66% in the year ago period. In addition to enhancing ISG's ability to sell higher value added solutions to clients, it promotes increased cross selling ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.