Europe and Asia Boost ISG Revenues

US-based company Information Services Group has announced constant currency revenue growth of 4% for the third quarter of 2015, led by strong performances in Asia Pacific and parts of Europe including the UK and the Nordic countries. Reported revenue was $51.4m.

Revenue was down 4% on a reported basis, with currency impact -$3.9m. In the Americas, the figure was down 1% to $27.8m, while in Europe it rose 5% to $18.1m and in Asia Pacific 28% to $5.5m, all at constant currency. Operating income was $3.2m, down from $3.8m a year previously, and adjusted net income down from $3.8m to $3.5m. EBITDA was relatively unmoved ($6.4m va $6.5m previously) despite a -$0.6m currency impact.

For the nine months to date, revenues are up 7% at constant currency to $155.4m, and adjusted EBITDA likewise up 7%, 'though the reported figure is down at $16.1m.

Chairman and CEO Michael P. Connors said the quarter was 'solid' despite 'weakness in France and some client timing delays in the Americas'. He comments: 'ISG has now delivered constant-currency revenue growth in 16 of the past 19 quarters, despite persistently weak global economies. This consistency is a testament to the strength of the ISG brand in the marketplace, and a reflection of the investments we have made, especially in digital services and recurring revenue streams. Significantly, demand for these new and expanded services has fueled a 13 percent increase in our client base thus far this year'.

The group, which owns outsourcing advisory firm TPI, UK-based benchmarking and analytics specialist Compass, public sector advisory firm STA Consulting and emerging technology trends analyst Saugatuck Technology, is online at 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.