Information Services Group (III) Tops Q1 EPS by 4c; Offers Q2 Revenue Guidance
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Information Services Group Announces First-Quarter 2023 Results
May 8, 2023 4:31 PM EDTReports GAAP revenues of $78 million, an all-time high, exceeding guidance Reports net income of $3.5 million, GAAP EPS of $0.07 and adjusted EPS of $0.12 Reports record first-quarter adjusted EBITDA of $11 million Announces ISG NEXT Phase II, expected to result in additional EBITDA margin expansion of 200 bps and accelerated growth in recurring revenues to $150 million by end of 2025 Increases quarterly cash dividend by 12.5%, to $0.045 per share, effective with dividend payable June 30 to record holders as of June 7 Sets second-quarter guidance: revenues between $73 million and $75 million and adjusted EBITDA between $10... More
