Information Services Group ( (III) ) has released its Q3 earnings. Here is a breakdown of the information Information Services Group presented to its investors.
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Information Services Group (ISG) is a global technology research and advisory firm, specializing in digital transformation services, including AI, cloud, and data analytics, with a significant presence across more than 20 countries. In its third-quarter 2024 earnings report, ISG reported revenues of $61 million, a net income of $1.1 million, and adjusted EBITDA of $7 million, alongside strong cash flow from operations. The company also announced the sale of its automation unit for $27 million and declared a fourth-quarter dividend. Key financial highlights include a 15% year-over-year revenue decline, with regional decreases across the Americas, Europe, and Asia Pacific. Despite this, ISG achieved significant cash generation, reducing its debt and paying dividends. Looking ahead, ISG has set its fourth-quarter guidance with expected revenues between $57 million and $58 million, continuing to navigate macroeconomic challenges while maintaining a disciplined capital strategy.
