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Information Services Group (III) Tops Q4 EPS by 3c, Offers FY Guidance

March 9, 2016 4:48 PM

Information Services Group (NASDAQ: III) reported Q4 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $53.9 million versus the consensus estimate of $53.81 million.

2016 Full-Year Revenue and Adjusted EBITDA Guidance

"For 2016, ISG is targeting growth in revenues in the range of 6 percent to 8 percent, and growth in adjusted EBITDA between 10 percent and 15 percent, excluding the impact of currency," Connors said.

"We are excited about our growth prospects in 2016, based on the solid demand we are seeing in the marketplace, our committed multi-year Managed Services contracts, the accelerating growth trajectory we expect in the Americas as the year progresses, and the ongoing sustained performance we expect in Europe and Asia Pacific. Aware 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 goals remain unchanged: at least high single-digit revenue growth and adjusted EBITDA operating leverage targeted at 1.5 times the rate of revenue growth," said Connors. "I remain confident that we will continue to deliver strong results in 2016 and beyond."

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

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