Information Services Group Announces Second-Quarter Financial Results
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Information Services Group (III) Misses Q2 EPS by 1c, Revenues Miss; Affirms FY19 Revenue Mid-Point Guidance Above Consensus
August 5, 2019 6:29 AM EDTInformation Services Group (NASDAQ: III) reported Q2 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $67.3 million versus the consensus estimate of $69.23 million.
Reports revenues of $67.3 million, operating income of $3.3 millionDelivers adjusted EBITDA of $8.1 million, up more than 2X sequentiallyReports GAAP EPS of $0.01 and adjusted EPS of $0.07Affirms full-year revenue and adjusted EBITDA guidance Secures Public Sector multi-year contracts worth more than $13 million Launches new recurring-revenue stream offering, ISG Network Select"ISG continues to build forward momentum, with second-quarter revenues up... More
