ISG reported record third quarter revenues of $51.4 million, an increase of 11% on a constant currency and reported basis from $46.5 million in the third quarter of 2012. Revenues were $28.5 million in the Americas (up 6% from the same period in 2012), $17.6 million in Europe (up 19%) and $5.3 million in Asia Pacific (up 10%); growth rates in constant currency.
ISG reported record September YTD 2013 revenues of $157.5 million, an increase of 10% on a constant currency and reported basis from $143.2 million for September YTD 2012. Revenues were $87.5 million in the Americas (up 12% from the same period in 2012) and $53.8 million in Europe (up 16%) offsetting a 12% decline in Asia Pacific to $16.2 million; growth rates are in constant currency.
Operating income for the September YTD 2013 was $8.7 million, a $3.8 million increase from 2012 operating income of $4.9 million. ISG’s September YTD 2013 adjusted net income totaled $8.4 million, an increase of $3.2 million from the prior year adjusted net income of $5.2 million. Diluted adjusted EPS for the September YTD 2013 was $0.22, up 57%, compared with $0.14 in 2012. Reported fully diluted EPS for the September YTD 2013 was $0.10, up from $0.01 in 2012. Adjusted EBITDA for September YTD 2013 of $17.3 million compares with $13.7 million of adjusted EBITDA in prior year, an increase of 25% in constant currency.
About: Information Services Group (ISG) (NASDAQ: III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning.
Source: Information Services Group