Good Q4 Saves ISG from Flat Year

Technology research and advisory firm ISG (Information Services Group) has announced Q4 revenues up 4% at constant currencies to $67.9m and full-year 2018 revenues up 1% on the same basis to $275.8m. Full year adjusted EBITDA fell 1.4% to $33.0m.

Performance in the US was slower, with public sector business particularly 'sluggish'. In Europe full year revenue was $95.1m - up 11% at constant currency - with Q4 up 21%. In Asia Pacific, revenue fell sharply from $5.9m to $4.5m in Q4 and from $24.8m to $21.5m full year. For the full year 2019, ISG is targeting revenues of $276-285m and adjusted EBITDA of $33-35m.

The firm was founded in 2006 by former VNU / Nielsen exec Michael P. Connors (pictured) and is based in Stamford, CT. It employs more than 1,300 people in more than 20 countries.

Chairman and CEO Connors called it ' another year of great progress' for the firm, with the product and service portfolio evolving to meet the growing digital needs of clients. He comments: 'Digital services represented more than 45 percent of our revenues in the fourth quarter and for the full year topped $100 million for the first time. We expect these numbers to increase as more of our work focuses on helping clients transform their businesses for greater efficiency and faster growth'.

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.