Monday, May 13, 2019
Information Services Group (III)
Are Brighter Days Ahead?
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.
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- 1Q19 Results. 1Q19 results were negatively impacted by a number of items, including currency headwinds and a push out of certain business. As a results, revenues came in at $64.8 million, down 6% year-over-year, and the GAAP loss was $0.02 per share, versus breakeven a year ago. Adjusted EPS came in at $0.03, versus $0.05.
- Digital Still the Growth Driver. III continued to grow its digital services business, which represented more than 40% of 1Q19 revenue. ISG Automation was up…
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