Information Services Group, Inc. (ISG) (NASDAQ: III), announced second quarter revenues of $55.6 million were an all-time record quarter, achieving 10% growth over the prior year, driven by double-digit growth in the Americas and more than 20% growth in Europe.
ISG reported record first half 2013 revenues of $106.2 million, an increase of 10% in constant currency (10% on a reported basis) or up $9.4 million from $96.8 million in the first half of 2012. Revenues were $59.0 million in the Americas (up 16% from the same period in 2012) and $36.2 million in Europe (up 14%) offsetting a 20% decline in Asia Pacific to $10.9 million; growth rates are in constant currency.
Operating income for the first six months of 2013 was $6.9 million, a $4.4 million increase from first half 2012 operating income of$2.5 million. ISG’s first half 2013 adjusted net income totaled $5.7 million, an increase of $2.3 million from first half 2012 adjusted net income of $3.4 million. Diluted adjusted EPS for the first half of 2013 was $0.15 compared with $0.09 in the first half of 2012. Reported fully diluted EPS for the first half of 2013 was $0.09, up from $0.01 in the first half of 2012. Adjusted EBITDA for the first half of 2013 of $11.6 million compares to $8.4 million of adjusted EBITDA in the first half 2012, an increase of 37% in constant currency.