ISG Reports Good Third Quarter

Research and advisory group ISG (Information Services Group) has announced third quarter revenues up 11% to $51.4m, fuelled by 19% growth in Europe.

Founded in 2007 as an acquisition vehicle, ISG first bought outsourcing advisory firm TPI, then in 2011 acquired UK-based benchmarking and analytics specialist Compass and public sector advisor STA Consulting. The firm suffered drastic falls in revenue in the early part of the downturn but has now recovered strongly to pass 2008 levels.

For the third quarter ended September 30th 2013, revenues were up 5% to $28.5m in the Americas, up 19% to $17.6m in Europe, and up 10% to $5.3m in Asia Pacific.

Group operating income was $1.8m for the third quarter of 2013, compared with $2.4m in the prior year period, while adjusted net income increased 48% to $2.6m. Third quarter 2013 adjusted EBITDA was $5.8m compared with $5.3m in Q3 2012.

Chairman and CEO Michael Connors (pictured) comments: 'ISG achieved another new record with third quarter revenues driven by growth in all regions. Our strong performance reflects the continuing success of our strategy to build a unified go-to-market approach with strong product and service offerings including research, consulting and managed services and our penetrating of key growth areas including the public sector in the US and UK.'

For the year-to-date, ISG has reported revenues up 10% to $157.7m, from $143.2m in the prior year period.

Web site: www.isg-one.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.