Information Services Group, Inc. - III STOCK NEWS

Information Services Group (ISG) reports second-quarter 2020 revenues of $57.4 million, exceeding guidance despite a 15% decline year-over-year. Adjusted EBITDA reached $7.4 million, more than double from the previous quarter, with a net income of $0.6 million. Cash flow from operating activities hit a record $22 million for the quarter. ISG reduced debt by 7% to $80.9 million and acquired Neuralify, enhancing its automation capabilities. For Q3 2020, ISG estimates revenues between $53 million and $55 million.

The ISG Provider Lens™ report highlights the growing trend of Swiss enterprises adopting hybrid cloud models, along with managed hosting and colocation services, as they demand geo-redundancy to safeguard against natural disasters. The report shows a rise in interest for managed services, fueled by businesses relocating IT due to the UK's exit from the EU. Leaders identified in the report include EveryWare, IBM, and Swisscom, among others. The study evaluates 84 providers across various service categories, emphasizing the need for competitive managed and professional services.

The ISG Provider Lens™ 2020 report highlights a surge in demand for colocation services in Germany as enterprises seek better connectivity and cost-efficiency. With high regulatory costs outpacing existing data centers' capabilities, businesses are turning to colocation providers for superior security and energy savings. Notable trends include the emergence of new providers, increased interest in hyperconverged systems, and the growth of hybrid cloud services tailored to client needs. The report evaluates 114 firms, naming leaders like IBM and Deutsche Telekom across various service quadrants.

ISG (Nasdaq: III) has announced a new research study exploring data analytics solutions and services for enterprises globally. Set to release in November, the ISG Provider Lens™ report titled Analytics – Solutions and Service Partners 2020, will analyze vendor offerings that enhance customer experience and product adoption. The study includes surveys from over 135 providers and will categorize services into six quadrants, covering data science, engineering, infrastructure, lifecycle management, self-service analytics, and reporting solutions. The report aims to assist enterprises in evaluating vendor relationships and enhancing data capabilities.

ISG, a leading global technology research firm (Nasdaq: III), recently announced the winners of their ISG Startup Challenges, held virtually. 1WordFlow won for its digital document conversion solution, reducing search times significantly. Acerta Analytics was recognized for its machine learning insights aiding automakers in reducing product defects. Lastly, Verbo received accolades for its AI-driven conversational commerce platform for retailers. These innovations aim to enhance efficiency and adapt to changes due to the COVID-19 pandemic.

Enterprises in the Nordic region are increasingly adopting the SAP Cloud Platform to create mobile applications amid COVID-19, according to the latest report from ISG (Nasdaq: III). The report highlights a growing demand for SAP S/4HANA and outcome-based pricing models as companies seek cost reductions due to the pandemic. Key players in the market include Accenture, Capgemini, and IBM, identified as leaders in various service quadrants. The report also indicates a slower adoption of the SAP Leonardo software, though service providers are developing proof-of-concept solutions.

The ISG Provider Lens™ Next-Gen Private/Hybrid Cloud - Data Center Services & Solutions Archetype Report reveals that enterprises are increasingly utilizing managed service providers to reduce IT costs and enhance operational efficiency. Driven by shrinking IT budgets and the demand for secure remote work environments, companies are rapidly adopting cloud technologies. The report highlights the role of AI in improving service delivery and managing data volume challenges but also notes a significant talent shortage in the data center industry. Leading providers include Cognizant and IBM among others.

The 2020 ISG Provider Lens SAP HANA and Leonardo Ecosystem Partners Report reveals that U.K. enterprises are postponing the adoption of SAP's S/4HANA ERP system due to uncertainties surrounding Brexit and the COVID-19 pandemic. Many companies prefer to stick with the legacy ECC package while seeking cloud implementation support due to a lack of skilled workers. Cost reduction is essential, prompting enterprises to negotiate innovative pricing with service providers. The report identifies key leaders in the SAP ecosystem, with Accenture, Capgemini, and others recognized for their capabilities.

ISG's 2020 Provider Lens SAP HANA report highlights U.S. enterprises leveraging S/4HANA to enhance business operations, with a dual adoption model emerging. While many prefer on-premises setups, cloud implementations are increasing for regional offices. The pandemic has led some companies to delay significant projects, although cloud migration is anticipated as a cost-saving measure. The report identifies leaders in the sector, including Accenture, IBM, and Wipro, noting a growing demand for agile processes and AI-driven cost reductions.