Information Services Group, Inc. - III STOCK NEWS

Information Services Group (Nasdaq: III) has been named a preferred business partner of Automation Anywhere, enhancing their collaboration in Robotic Process Automation (RPA). This designation allows ISG Automation to expand RPA usage among clients through consulting and implementation services. ISG has a longstanding relationship with Automation Anywhere and was recognized as Growth Partner of the Year in 2019. The partnership aims to improve operational efficiency and customer experiences, addressing high demand for intelligent automation during the COVID-19 pandemic.

ISG (Nasdaq: III) has released its third annual e-book, Scaling Digital: 25 Stories of Innovation, showcasing 25 successful digital transformation projects. The e-book highlights enterprise and technology provider collaborations across various sectors, including finance, telecommunications, and education. Key case studies include Zensar’s fleet management solution that achieved 30% savings, and the successful implementation of a payment platform by ThoughtWorks for the Development Bank of Singapore. The publication aims to share insights on leveraging digital solutions for growth in the post-pandemic economy.

ISG (Nasdaq: III) announced the launch of the ISG Smartalks™ podcast series on May 19, 2020, focusing on digital career trends for women. Entitled The Digital Dish, the series aims to highlight women's experiences and contributions in technology. ISG leaders, including Lois Coatney, emphasize the importance of skill development and networking for career advancement. The podcast episodes address various topics, such as navigating career choices and the challenges of remote work during COVID-19. The series is available on major platforms like Apple Podcasts and Spotify.

Information Services Group (Nasdaq: III) announced an upcoming ISG Smartalks™ webinar focused on software renewals and negotiation strategies, scheduled for May 20 at 9 a.m. AEST. Industry experts Bill Huber and Scott Bertsch will discuss effective approaches to negotiate with major software vendors and mitigate risks associated with software audits. Huber emphasized the importance of cost management amid increased software spending due to the pandemic, suggesting that organizations can save 20-30% on software expenses with the right strategies. Registration is available on the ISG website.

Asia Pacific's cloud-based service demand surged to a record of US $1.7 billion, increasing 25% in Q1 2020, while managed services declined 27% to US $522 million, as reported by Information Services Group (III). The combined market rose 8% to US $2.2 billion, with as-a-service solutions making up over 75%. Infrastructure-as-a-Service (IaaS) grew by 32% to US $1.5 billion. However, financial forecasts predict a 17% sequential decline for managed services in Q2 2020, contrasting with earlier growth expectations. Despite challenges, strong demand persists in specific regions and sectors.

ISG (Nasdaq: III) has initiated a research study focused on the contact center outsourcing market during the COVID-19 pandemic, set to be detailed in a report scheduled for September. The study involves over 135 service providers and aims to assess their capabilities in areas such as multilingual services, AI integration, and cloud-based solutions. Key report quadrants will cover consulting services, digital operations, and Contact Center-as-a-Service. This research addresses the rising demand for enhanced customer service amid the pandemic's challenges.

ISG (Nasdaq: III) has enhanced its ISG Provider Lens™ research series with a new Global Summary report aimed at helping enterprise subscribers assess provider capabilities globally. This enhancement includes the addition of 'Enterprise Context' sections to better highlight relevant findings for executives. The 2020 series consists of 23 studies covering various geographic markets, providing real-world insights based on extensive research. These updates aim to aid enterprises in making informed sourcing decisions amidst the challenges posed by the COVID-19 pandemic.

ISG will host a webinar titled "Embracing Disruption to Cultivate Innovation" on May 14 at 11 a.m. ET, focusing on using design thinking to foster business innovation during the COVID-19 crisis. Experts from ISG will share insights on conducting remote innovation workshops that engage diverse teams. Key topics include preparing leaders, enhancing enterprise culture, and utilizing disruptive behavior for innovation. The firm aims to help organizations leverage the pandemic-induced changes to develop new operational strategies and improve relationships with stakeholders.

Information Services Group (ISG) reported first-quarter revenues of $64 million, with a net loss of $1 million and a GAAP EPS loss of $0.03. Adjusted EPS stood at $0.02, and adjusted EBITDA was $4 million. Strong cash flow from operations at approximately $5 million was observed, with a cash balance exceeding $17 million. The company anticipates second-quarter revenues between $53 million and $55 million, with adjusted EBITDA of $6 million to $7 million. ISG is actively adapting to a changing economic landscape.