ISG Reports Record Quarter

Research and advisory group ISG (Information Services Group) has reported what Chairman & CEO Michael Connors describes as 'an all-time record quarter', with revenues up 10% to $55.6m from $50.5m in the prior year period.

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.

For the second quarter, revenues in the Americas increased 11% to $30.2m, and in Europe 21% to $19.7m, offsetting an 18% decline to $5.7m in the Asia Pacific region.

Group operating income was $4.3m in the period, compared with $2.3m in Q2 2012, while adjusted net income was up 50% to $3.6m and Adjusted EBITDA was up 22% to $6.5m.

For the first half of 2013, ISG reported a 10% rise in revenue to $106.2m, driven by a 16% increase in revenues in the Americas to $59.0m and a 14% rise in European revenues to $36.2m. However, during the period, Asia Pacific revenues fell 20% to $10.9m.

Operating income for the first six months of 2013 was $6.9m compared with $2.5m in H1 2012; adjusted net income totalled $5.7m compared with $3.4m, and Adjusted EBITDA increased 37% to $11.6m.

Giving revised full-year revenue and EBITDA guidance, Connors (pictured) said: 'Based on our solid first half performance, an increase in recurring revenue streams and the growth trajectory in the Americas and Europe, we are raising the projections for full year revenues to the range of $205m-$212m and adjusted EBITDA to between $21m and $23m.'

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.