Information Services Group (III) Tops Q4 EPS by 2c, Offers Guidance

Information Services Group (NASDAQ: III) reported Q4 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $53.2 million versus the consensus estimate of $54.86 million.

2015 Full-Year Revenue and Adjusted EBITDA Guidance

For 2015, ISG is targeting growth in revenues in the range between 6% and 8% and growth in adjusted EBITDA between 10% and 15%, excluding the impact of currency.

"Based on increased demand thus far in 2015, our committed multi-year Managed Services contracts, an expected rebound in growth in the Americas and ongoing sustained performance in Europe, we are excited about our growth prospects. Cognizant of broader global macroeconomic conditions, we believe that the fundamentals of our business and the industry overall remain strong and that our markets will continue to provide attractive growth opportunities for ISG. Our longer-term goal remains unchanged: high single-digit revenue growth and adjusted EBITDA operating leverage of at least 1.5 times the rate of revenue growth," said Connors. "ISG remains the leader in our space, committed to expanding the breadth and depth of our information, advice and support to help clients digitally transform their enterprises and achieve operational excellence."

For earnings history and earnings-related data on Information Services Group (III) click here.

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