Information Svrs Stock Price, News & Analysis

Information Services Group (III) announced it will release its first-quarter financial results on May 10, 2021, at 4:30 p.m. ET. A conference call for investors and analysts is scheduled for the following day, May 11, 2021, at 9 a.m. ET. Participants can join via U.S. dial-in number 1-800-367-2403 or international number 001-334-777-6978, using security code 8193481. A recording of the call will be available on ISG's website for four weeks after the event.

Information Services Group (III) has initiated a study on finance and accounting digital services, set to culminate in a comprehensive ISG Provider Lens™ report releasing in August. This report aims to enhance understanding of automation in finance processes, thereby increasing productivity, data accuracy, and cost efficiency. Over 40 providers were surveyed to contribute insights. The report will cover four service quadrants: Procure-to-Pay, Order-to-Cash, Record-to-Report, and Finance and Accounting Outsourcing, focusing on automation technologies such as AI and machine learning.

The 2021 ISG Provider Lens™ Enterprise Service Management (ESM) Report reveals a growing reliance on ESM providers as U.S. enterprises seek to enhance control over non-technical operations. The report highlights ESM's pivotal role in digitization and indicates rising demand for implementation services due to market complexities. Leaders in the report include Capgemini, Infosys, and DXC Technology, among others. The shift towards managed services is noted, as many companies prefer outsourcing to meet their ESM needs. The full report assesses 34 providers across four service quadrants.

Global demand for technology and business services surged in Q1, with a record annual contract value (ACV) of $17.1 billion, an 11% increase year-over-year, as reported by Information Services Group (III). The cloud-as-a-service market hit $9.9 billion, growing 15%, while managed services reached $7.2 billion, up 7%. The Americas market grew to $8.6 billion, reflecting a 6% year-over-year increase. Notably, business process outsourcing (BPO) saw a remarkable 43% annual growth to $1.4 billion, driven by industry-specific services.

Information Services Group (ISG) (Nasdaq: III) has been recognized as a "Great Place to Work" for the second consecutive year by the Great Place to Work Institute. The certification is based on an employee survey assessing workplace fairness, credibility, and respect. ISG's Bangalore Center of Excellence, with 475 employees, excelled during the pandemic, maintaining high client service standards while working remotely. The company values its 1,300 global professionals and aims to foster a culture of trust and inclusion, aiming for operational excellence across its services.

The 2021 ISG Provider Lens™ Salesforce Ecosystem Partners report highlights the accelerated adoption of Salesforce products among enterprises, driving increased licensing revenue. As demand for implementation resources rises, global system integrators are acquiring midsize partners. Salesforce's industry-specific offerings, including Financial Services Cloud, are expanding its ecosystem. The report evaluates 40 providers, with Persistent recognized as a leader in three quadrants. Other notable leaders include Accenture and Cognizant. Customized report options are available for interested clients.

ISG (Nasdaq: III) reports that the pandemic will accelerate the full-scale implementation of smart manufacturing technologies, with investments expected to exceed $400 billion by 2025, a 30% increase from previous estimates. Despite an initial investment decline due to COVID-19, the crisis prompted companies to enhance resiliency in supply chains and improve customer experiences. The ISG TechXchange: Smart Manufacturing 2021 event, scheduled for April 13-14, will feature industry leaders discussing advancements in Industry 4.0 and 5.0, highlighting the robust interest in cybersecurity, cloud, and IoT applications.

Information Services Group (ISG) (Nasdaq: III) has initiated a research study focusing on service providers that are facilitating enterprise adoption of Internet of Things (IoT) technologies. This study aims to enhance decision-making and improve business processes and customer interactions. The findings will be published in the ISG Provider Lens™ report titled Internet of Things – Services and Solutions 2021, set for release in July. The report will provide insights into IoT consulting, implementation, and management services, helping enterprises assess their vendor relationships and optimize IoT strategies.