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Information Services Group, Inc. - III STOCK NEWS

Welcome to our dedicated page for Information Services Group news (Ticker: III), a resource for investors and traders seeking the latest updates and insights on Information Services Group stock.

Information Services Group, Inc. (Nasdaq: III) is a renowned global technology research and advisory firm headquartered in Stamford, Connecticut. Established in 2006, ISG has rapidly evolved to become a trusted business partner to over 700 clients worldwide, including 75 of the world's top 100 enterprises. The company's core mission is to assist corporations, public sector organizations, and service and technology providers in attaining operational excellence and accelerated growth.

ISG specializes in a broad range of digital transformation services such as automation, cloud and data analytics, and sourcing advisory. Additionally, the firm offers managed governance and risk services, network carrier services, technology strategy and operations design, change management, market intelligence, and technology research and analysis. With an employee base of over 1,300 professionals across more than 20 countries, ISG's global team is celebrated for its innovative thinking, market influence, deep industry and technology expertise, and exceptional research and analytical capabilities.

The company's operations are predominantly divided into three geographical segments: the Americas, Europe, and the Asia-Pacific, with the majority of its revenue coming from the Americas. ISG provides fact-based sourcing advisory services and has carved a niche for itself as a leader in this domain.

Recent achievements include strategic partnerships with several key technology providers, driving collaborative innovation and delivering enhanced value to clients. ISG's latest projects focus on leveraging advanced technologies to streamline operations and foster business growth for its clients. The firm’s commitment to innovation and excellence has been a driving force behind its sustained growth and industry leadership.

For the latest updates and detailed information on ISG's performance, events, and developments, investors and stakeholders can explore the most recent news and announcements from the company.

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Demand for traditional managed services in Asia Pacific remains strong, while spending on cloud services continues to decline. Second-quarter ACV for the combined market fell 18% to $4.0 billion, with XaaS down 28% and managed services up 30%. Restructured contracts and new scope awards saw significant increases. IaaS ACV was down 30% and SaaS ACV was down 6%. ITO ACV rose 58% and BPO declined 53%. Managed services demand increased in India, Australia-New Zealand, and China. XaaS spending in the first half fell 29% to $6.4 billion. ISG lowered its forecast for XaaS revenue growth in 2023 to 11.5%.
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Europe's demand for IT and business services reached an all-time high in Q2 2023, with a record ACV of $7.8 billion, up 3.5% YoY. Managed services ACV reached $4.5 billion, up 15% YoY, with 283 contracts awarded. XaaS spending declined 9% YoY to $3.3 billion.
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FAQ

What is the current stock price of Information Services Group (III)?

The current stock price of Information Services Group (III) is $3.35 as of December 24, 2024.

What is the market cap of Information Services Group (III)?

The market cap of Information Services Group (III) is approximately 164.4M.

What does Information Services Group, Inc. do?

ISG is a global technology research and advisory firm specializing in digital transformation services, sourcing advisory, managed governance, and more.

Where is ISG headquartered?

ISG is headquartered in Stamford, Connecticut, USA.

When was ISG founded?

ISG was founded in 2006.

How many professionals does ISG employ?

ISG employs over 1,300 professionals.

What are the main services provided by ISG?

ISG provides services including automation, cloud and data analytics, sourcing advisory, managed governance and risk services, and technology strategy and operations design.

Which regions does ISG operate in?

ISG operates in the Americas, Europe, and the Asia-Pacific.

Who are ISG's clients?

ISG serves over 700 clients, including 75 of the top 100 enterprises globally.

What recent achievements has ISG accomplished?

ISG has formed strategic partnerships with key technology providers and is focused on innovative projects that leverage advanced technologies.

What makes ISG unique in its industry?

ISG is known for its innovative thinking, market influence, deep industry expertise, and world-class research and analytical capabilities.

How can I stay updated on ISG's latest news?

You can stay updated on ISG's latest performance, events, and developments by exploring the most recent news and announcements from the company.

Information Services Group, Inc.

Nasdaq:III

III Rankings

III Stock Data

164.39M
34.92M
28.57%
60.95%
0.28%
Information Technology Services
Services-management Consulting Services
Link
United States of America
STAMFORD