Information Services Group (III) Tops Q3 EPS by 5c

Information Services Group (NASDAQ: III) reported Q3 EPS of $0.09, $0.05 better than the analyst estimate of $0.04. Revenue for the quarter came in at $51.4 million versus the consensus estimate of $53.3 million.

Information Services Group reaffirmed FY2015 guidance. "Based on our performance for the first nine months of the year, we are reaffirming our full-year guidance of constant-currency growth in revenues of between 6 percent and 8 percent, with revenue growth expected to come in toward the top end of our range. In addition, we expect constant currency adjusted EBITDA growth of between 10 percent and 15 percent," Connors said

"We had a solid third quarter led by double-digit, constant-currency revenue growth in both Asia Pacific and in certain key European markets such as the UK and the Nordics," said Michael P. Connors, chairman and chief executive officer. "Our overall revenue growth was held back somewhat by weakness in France and some client timing delays in the Americas. Our strong year-to-date results, coupled with the start-up of several new engagements in the Americas this quarter, will help us achieve the guidance we set at the beginning of the year.

"ISG has now delivered constant-currency revenue growth in 16 of the past 19 quarters, despite persistently weak global economies. This consistency is a testament to the strength of the ISG brand in the marketplace, and a reflection of the investments we have made, especially in digital services and recurring revenue streams. Significantly, demand for these new and expanded services has fueled a 13 percent increase in our client base thus far this year. We remain confident in our ability to continue driving sustainable, profitable growth and delivering value for our clients and shareholders."

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

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