ISG Sees Revenue and Profits Fall in Q1

Technology research and advisory firm ISG (Information Services Group) has announced a decline in revenue for the quarter ended March 31st to $64.8m - down 6%, or 3% at constant currency. The profit measure adjusted EBITDA declined from $5.8m to $3.6m.

Reported revenues were $22.2m in Europe, up an impressive 10% in constant currency terms, but down 8% to $38.2m in the Americas and down $1.1m to $4.4m in Asia Pacific.

Chairman and CEO Michael P. Connors (pictured) said the Q2 pipeline was 'very robust, including a number of delayed engagements in the Americas that are expected to commence in the second quarter', adding: 'We believe this momentum will result in significant sequential growth in the second quarter and put us on track to achieve our full-year objectives'.

Results were almost flat in 2018, with full-year revenues up 1% (constant currency) to $275.8m and adjusted EBITDA down 1.4% to $33.0m.

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.