Welcome to our dedicated page for Information Svrs news (Ticker: III), a resource for investors and traders seeking the latest updates and insights on Information Svrs stock.
News and updates for Information Services Group, Inc. (ISG) (Nasdaq: III) focus on its role as a global AI-centered technology research and advisory firm. ISG regularly issues announcements about its research programs, AI initiatives and market analyses that are relevant to enterprises evaluating technology and business services providers.
Readers can expect coverage of ISG’s AI-focused developments, such as the acquisition of the AI Maturity Index SaaS platform, which assesses and benchmarks workforce readiness for AI adoption, and the formation of an AI Acceleration Unit to coordinate AI-related advisory and research offerings. News may also highlight ISG’s plans for a proprietary insights platform with an AI-powered “intelligence advisor” designed to give organizations real-time access to ISG data and analysis on technology markets and providers.
ISG news frequently features the ISG Provider Lens® research series, which examines providers in areas like private and hybrid cloud data center services, cybersecurity services and solutions, insurance services, and digital business innovation services. Articles describe how enterprises are using AI, cloud infrastructure, digital engineering and unified services to modernize operations and address regulatory, security and customer experience challenges.
In addition, updates from ISG Software Research and its ISG Buyers Guides™ for analytics, AI analytics and enterprise resource planning (ERP) provide insight into software market trends and vendor evaluations. Investors and technology decision-makers can use this news feed to follow ISG’s research agenda, AI-centered strategies and commentary on how enterprises are adopting AI and modern technology platforms.
Information Services Group (ISG) reported a record third-quarter revenue of $71 million, a 15% increase year-over-year, surpassing expectations. Net income rose to $4 million with GAAP EPS of $0.09 and adjusted EPS of $0.12. Adjusted EBITDA reached $10 million, a 24% increase compared to last year. The firm’s cash balance grew to $55 million, reflecting a 43% increase. ISG declared a fourth-quarter dividend of $0.03 per share. Guidance for Q4 projects revenues between $67 million and $69 million and adjusted EBITDA between $9 million and $10 million.
According to the ISG Provider Lens™ report, major enterprises in Germany are adopting hybrid work models post-COVID-19, allowing some employees to work part-time from home. The adoption varies, with banking and IT leading, while manufacturing lags. The report highlights barriers such as inadequate digitalization and unequal treatment of remote workers. It emphasizes the increasing demand for managed digital workplace services. Atos, Capgemini, and DXC Technology were named leaders in the report, which evaluates 32 service providers across three quadrants in workplace strategy.
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Bell Techlogix, recognized by the ISG in its 2021 Provider Lens report, ranks among the top U.S. managed services providers for digital workplace offerings. The company is classified as a Rising Star in the Mid-Market Quadrant and a Product Challenger in the Large Accounts and Public Sector Quadrants. Factors contributing to this recognition include its innovative Accelerate platform, automation advancements, and robust analytics capabilities.
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The 2021 ISG Provider Lens™ report highlights a growing trend among U.S. enterprises towards hybrid work models, enhancing employee experiences and productivity post-pandemic. The report, published by Information Services Group (NASDAQ: III), states that 72% of companies prioritize investments in virtual collaboration tools. With an anticipated lower office occupancy, firms are also expanding managed service requests, focusing on device management and AI-driven support. The report evaluates 33 providers and identifies leaders in the workplace transformation sector.
Information Services Group (Nasdaq: III) reported strong growth in the EMEA technology and business services market. The combined annual contract value (ACV) reached a record
ISG Provider Lens™ report reveals that contact centers are swiftly adopting hybrid work models and leveraging advanced technologies to cater to evolving customer needs. The COVID-19 pandemic has accelerated changes in consumer behavior and service operations, prompting a 48% increase in annual contract value for BPO providers from H1 2020 to H1 2021. With a focus on social media, AI, and analytics, companies are reforming customer engagement. The report evaluates 29 providers across four quadrants, highlighting leaders like Concentrix and Teleperformance.
Enterprises face a talent shortage in vital IT areas, according to an expert from Information Services Group (III). During the All Day DevOps conference, Ola Chowning discussed a three-pronged strategy to address skill gaps in data intelligence, cybersecurity, and software development. Chowning emphasized leveraging service provider ecosystems, investing in workforce retention, and compensating skilled but less experienced workers. The ongoing labor shortage has intensified the need for both generalist and specialized skills, driven by rapid technological advancement and the pandemic's impact on digital transformation.
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