Information Svrs Stock Price, News & Analysis

Information Services Group (Nasdaq: III) has launched a research study focused on finance and accounting outsourcing services to enhance enterprise efficiency. The findings will be detailed in the ISG Provider Lens™ report, set for release in September 2022. The report will cover various outsourcing services, including Procure-to-Pay, Order-to-Cash, Record-to-Report, and Financial Planning and Analysis. The research aims to guide enterprises in vendor evaluation amidst rising demand for digital transformation.

The ISG SourceIT EMEA conference will be held on May 17–18 in Paris, showcasing advancements in sourcing techniques for IT and business services. Hosted by Information Services Group (III), the event highlights the EMEA ISG Index™ findings of a record annual contract value of $7.5 billion in the first quarter, marking a 21% increase year over year. Additionally, cloud-based services demand surged to $3.9 billion, a 44% year-on-year growth.

The 2022 ISG Provider Lens™ report reveals that Swiss enterprises are gradually adopting Microsoft Azure, especially since a local region was established in 2020. Security concerns have hindered broader migration, but local IT service providers are increasingly committed to Azure. The pandemic has shifted IT strategies and budgets, supporting cloud technology adoption. While large firms prefer established service providers, smaller companies favor local partners. The report also highlights the use of Microsoft Power Platform, with emphasis on the cautious approach of Swiss firms towards governance in programming.

German enterprises are becoming more cost-conscious amid the ongoing impact of the COVID-19 pandemic but continue to migrate to cloud platforms, particularly Microsoft Azure, according to the 2022 ISG Provider Lens™ report. While IT investments have tightened due to factors like supply-chain disruptions, there is a persistent focus on cybersecurity services amid rising threats. The report indicates a robust market for Microsoft services as companies streamline their applications with fewer cloud providers, emphasizing the importance of managed services in navigating complex IT challenges.

ISG's 2022 Provider Lens report reveals a significant shift among U.S. public-sector organizations towards modernizing technology post-COVID-19. The report indicates that many agencies are moving from legacy systems to cloud solutions, often utilizing Microsoft platforms with assistance from partners. Challenges such as high costs and a lack of familiarity hinder adoption, but some agencies are implementing advanced cloud strategies. Top providers recognized in the report include Accenture, Cognizant, and HCL, highlighting their leadership across various service areas.

ISG Report Highlights Microsoft's Role in U.K. Digital Transformation

A new report by Information Services Group (Nasdaq: III) indicates that U.K. enterprises are increasingly adopting Microsoft technologies to address operational challenges, particularly post-COVID-19. Major findings include the reliance on Microsoft Azure, Microsoft 365, and Dynamics 365 for improving supply chains and customer support. The report examines 41 service providers, naming Accenture, Cognizant, and Wipro as leaders across key service areas, highlighting the importance of skilled partners for successful cloud migration.

ISG Provider Lens report highlights rapid adoption of ServiceNow solutions by companies in Singapore and Malaysia due to the COVID-19 pandemic and digital transformation needs. The 2022 report notes a faster service ecosystem growth in Asia than globally, with significant investment in skilled professionals to support implementation. Major sectors adopting ServiceNow include manufacturing and finance, while sectors like retail still lag. The report evaluated 23 providers, naming Accenture, Capgemini, Cognizant, and Infosys as Leaders across all quadrants.

ServiceNow Adoption in Australia is accelerating as enterprises respond to COVID-19 and pursue digital transformation, according to a new report by Information Services Group (NASDAQ: III). The Australian market for ServiceNow services is outpacing global growth due to increased demand for new technologies. The report highlights competitive service offerings, with major players like Accenture, Deloitte, and Capgemini recognized as leaders. Despite this growth, challenges remain, including a global skills shortage.

Information Services Group (ISG) reported record revenues of $73 million for Q1 2022, marking a 12% increase in constant currency. Net income reached $5 million with GAAP EPS of $0.10 and adjusted EPS of $0.12. The firm also achieved a record adjusted EBITDA of $11 million, exceeding expectations. In a significant move, ISG raised its quarterly dividend by 33% to $0.04 per share, effective June 17, 2022. The company anticipates Q2 revenues between $73 million and $75 million.