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Information Services Group, Inc. - III STOCK NEWS

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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.

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According to the latest ISG Provider Lens™ report, Australian enterprises are increasingly adopting private and hybrid cloud solutions to accelerate digital transformation, driven by sustainability, automation demands, and COVID-19 impacts. The report highlights the competitive nature of the Australian cloud market and notes significant infrastructure growth beyond major cities. It emphasizes the urgent need for companies to invest in automation to address the IT skills shortage, while also focusing on sustainability. Telstra is recognized as a leader in all service quadrants.

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Information Services Group (III) reports strong global demand for IT services, with second-quarter annual contract value (ACV) at $22.8 billion, a 9% increase year-over-year but a 7% decline from Q1. This marks the first sequential decline since Q3 2020. The firm lowers its full-year growth forecasts for managed services to 3.5% and for XaaS to 18%, citing recession fears and market pressures in China. Despite challenges, managed services contracts awarded rose 5% from the previous year, indicating sustained demand.

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Information Services Group (NASDAQ: III) announced it will release its second-quarter financial results on August 8, 2022, at 6:30 a.m. ET. A conference call for investors and analysts will follow at 9 a.m. ET. U.S. participants can dial 1-800-304-0389 while international callers should dial +1 313-209-5140 with the access code 7515883. The call recording will be available on the company’s website for approximately four weeks.

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Brazil's private and hybrid cloud sector is witnessing significant growth due to escalating security and regulatory concerns. A report by ISG indicates that Brazilian enterprises are shifting towards managed services, hosting, and colocation services for enhanced resilience and agility in IT operations. The demand for low-latency networks, backup, and rapid deployment of services is driving the hybrid cloud strategy. Key players include AWS, Microsoft, and Google, improving standards for security and compliance. The report also highlights 40 providers across various service quadrants, naming edge.uol and Equinix as leaders.

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ISG Report Highlights IT Trends in U.S. Public Sector

The latest ISG Provider Lens™ report reveals that U.S. public sector organizations are transitioning from outdated IT structures to private or hybrid clouds due to remote work, cybersecurity threats, and aging infrastructure. The report evaluates 24 service providers, naming Rackspace Technology and Unisys as Leaders in Managed Services and Hosting. Additionally, Lumen is recognized as a Rising Star in Managed Services, indicating strong future potential. The shift is essential for government agencies to modernize IT and meet today's demands.

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Information Services Group (Nasdaq: III) has secured a $10 million (€9.4 million) contract with the Italian government to support its digital transformation efforts over the next three years. This award highlights ISG's experience in helping clients modernize their digital services. The company will oversee various initiatives under Italy's Three-Year Plan for Information Technology, collaborating with key public entities to ensure successful implementation and measurement of digitization outcomes.

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Information Services Group (NASDAQ: III) has released a report showing a significant shift towards private and hybrid cloud solutions among U.S. enterprises. As costs rise, companies are adopting FinOps frameworks to better manage cloud expenses, promoting efficiency and ROI. The report highlights that many firms use hybrid cloud strategies to enhance marketing through advanced data analytics. It evaluates the capabilities of 58 providers, naming Ensono, Kyndryl, and Rackspace as leaders. The trends indicate that managed cloud services are on the rise, reflecting a growing focus on cost optimization and operational agility.

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Information Services Group (Nasdaq: III) has released a report highlighting the increasing adoption of cloud management platforms (CMPs) by enterprises migrating to private and hybrid clouds. The report emphasizes that rising costs and the technical debt of legacy systems are driving this trend. It notes that effective CMPs enable cost control across multi-cloud environments and are particularly sought after by large multinational firms. The report evaluates 28 providers, naming HPE and VMware as Leaders, while addressing challenges such as talent shortages in the CMP space.

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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 $3.07 as of November 1, 2024.

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

The market cap of Information Services Group (III) is approximately 150.6M.

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

150.59M
48.89M
28.82%
61.76%
0.24%
Information Technology Services
Services-management Consulting Services
Link
United States of America
STAMFORD