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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.
Information Services Group (Nasdaq: III) reported second-quarter GAAP revenues of $71 million, reflecting a 500 bps negative foreign exchange impact. The company achieved a record net income of $5 million, with GAAP EPS at $0.10 and adjusted EPS at $0.13. First-half results were also strong, with revenues of $143 million, a 9% increase in constant currency. ISG returned $9 million to shareholders through repurchases and dividends, declaring a $0.04 dividend for Q3. Guidance for Q3 estimates revenues between $71 million and $73 million.
Enterprises in Singapore and Malaysia are increasingly adopting Software-Defined Networking (SDN) to enhance network integration, automation, and management, as highlighted in the 2022 ISG Provider Lens report. The report indicates that COVID-19 has accelerated demand for network agility, with companies focusing on data-driven strategies for optimal connectivity and security. ISG identifies key players in this space, naming Orange Business Services and Singtel/NCS as leaders across five service categories. The demand for edge computing and IoT is anticipated to rise significantly in the next 12-24 months.
Information Services Group (NASDAQ: III) has launched a new research study focusing on human capital management (HCM) platforms aimed at optimizing workforce management for enterprises. The findings will be published in the HCM Technology Platforms 2022 report in December, covering vendors offering solutions for core HCM functions and talent management. With a competitive market for skilled workers, effective HCM is crucial for strategic goals. Surveys have been distributed to around 50 providers to aid in creating an informed evaluation for enterprise buyers.
Information Services Group (III) has released a report stating that Nordic enterprises are increasingly investing in software-defined networking (SDN) to enhance cloud migration and user experience. The transition to a software-defined-everything (SDx) approach is driven by digitalization and the need for high-speed connections for remote work. This growth is further fueled by trends like multi-cloud environments and the demand for managed SD-WAN services. Notably, SD-WAN technology is becoming more cloud-centric to support SaaS applications, while the small and medium-sized business sector leads in generating demand.
Australian enterprises are increasingly adopting software-defined networking (SDN) as part of digital transformations in response to COVID-19, according to a new report by ISG. The report highlights a shift towards software-defined-everything (SDx) architectures, enhancing network capacity and security. Key trends include rapid cloud migration, distributed networks, and rising demand for edge computing. ISG's evaluation of 40 providers names Infosys, Orange Business Services, and Wipro as leaders across five quadrants. Australian companies aim to integrate multi-cloud architectures and AI for next-gen digital transformation.
The 2022 ISG Provider Lens™ report highlights the growing demand for software-defined networking (SDN) products as U.S. enterprises migrate to the cloud. It emphasizes SDN's role in IT modernization, enabling faster and less risky transitions to cloud services. Notably, the report recognizes AT&T, Orange Business Services, and Verizon as leaders in SDN offerings. Additionally, it identifies the increasing importance of network security, particularly with the rise of secure access service edge (SASE) architecture. Customized reports are available for deeper insights into provider capabilities.
Information Services Group (NASDAQ: III) reports that the adoption of Google Cloud Platform (GCP) in Europe is mirroring trends seen in the U.S..
Companies are increasingly integrating GCP into their multi-cloud strategies, driven by advanced data management and analytics capabilities.
However, European firms remain cautious due to the strong presence of AWS and Microsoft Azure.
Top service providers recognized include Accenture and TCS as leaders.
The report highlights GCP's strengths in advanced applications and sustainability efforts.
The Asia Pacific IT and business services market saw a significant decline in the second quarter, with commercial outsourcing contracts totaling $3.0 billion, down 33% year-over-year, marking the steepest drop recorded. Cloud-based XaaS also fell 38% to $2.2 billion, driven by challenges in China due to COVID-19 lockdowns. Managed services faced a 17% decline, yet demand for contracts surged to a record 76. First-half ACV was $7.4 billion, down 5.5%, leading to reduced growth forecasts for XaaS and managed services.
ISG Provider Lens™ report reveals that U.S. enterprises are increasingly adopting long-term strategies for the Internet of Things (IoT) beyond mere proofs of concept. The 2022 report finds organizations aiming for both immediate benefits and a high-level view of their IoT future. Key findings indicate a growing ambition in enterprise IoT plans, driven by AI and machine learning advancements. However, a skills shortage in IoT services poses significant challenges. The report evaluates 33 providers, naming Atos, Capgemini, and others as leaders in various quadrants.
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