Information Svrs Stock Price, News & Analysis

Enterprises in the U.S. and Brazil are increasingly modernizing mainframe applications and outsourcing related capabilities, according to a new ISG report. The 2023 ISG Provider Lens™ highlights that organizations are prioritizing budgets for near-term results while acknowledging the crucial need for modernization.

John Schick of ISG emphasizes the operational benefits and cost reductions of moving away from traditional mainframe infrastructure. The report reveals trends in mainframe migration to cloud, driven by performance gains and ESG objectives, with most enterprises lacking documentation for compliance on legacy systems.

ISG Provider Lens™ report highlights that enhancing employee experience (EX) is critical for organizations in adapting to hybrid work environments. The report reveals a growing demand for technological solutions aimed at improving EX even pre-pandemic, accelerated by talent shortages and the Great Resignation. It identifies four client archetypes that utilize services for the future of work and evaluates 20 providers. Notably, Atos is recognized as a leader across all archetypes, while others like Capgemini and HCLTech lead in three. The report emphasizes a shift towards experience level agreements (XLAs) to better meet employee expectations.

Information Services Group (NASDAQ: III) has launched ISG Training as a Service (TaaS), a managed service training solution that provides on-demand access to customized learning content. This innovative service enables clients to adapt training programs, enhance software ROI, and upskill employees efficiently. Early adopters report an average ROI exceeding 50%, with one U.S. banking client saving $19 million in its first year and optimizing training for over 40,000 hires annually. Another pharmaceutical client transformed its training from a cost center to a profit center, while a tech firm expects an ROI of over $100 million in five years.

Information Services Group (NASDAQ: III) has initiated a research study on providers of managed payroll services, indicating a strong demand for agile payroll systems amidst global talent shortages and economic uncertainty. The forthcoming ISG Provider Lens™ report, titled Payroll Solutions and Services 2023, will analyze vendors across three key segments: managed payroll services for small, mid-large U.S. markets, and global multi-country services. The report aims to assist enterprise buyers in evaluating their vendor relationships and adapting payroll operations to facilitate business expansion. The full report is expected to be released in July.

Information Services Group (Nasdaq: III) has initiated a study to assess service providers that assist enterprises in leveraging the Google Cloud Platform (GCP). The findings will be featured in the forthcoming ISG Provider Lens™ report, titled Google Cloud Partner Ecosystem 2023, releasing in August. The report will analyze five quadrants of services: Implementation and Integration, Data Analytics and Machine Learning, Managed Services, SAP Workloads, and Workspace Services. Over 150 Google Cloud partners have been surveyed to contribute insights, aiding enterprise buyers in vendor evaluation and potential partnerships.

ISG Provider Lens™ report highlights the pivotal role of service providers in aiding enterprises with digital transformation amidst challenges from the COVID-19 pandemic and geopolitical tensions.

The 2022 report identifies four archetypes of clients leveraging digital business enablement services: Traditional, Consumer-Driven, Purpose-Driven, and Pioneering Enterprises, each with distinct focus areas and needs.

Notably, leaders like Accenture and IBM are recognized for their capabilities across multiple archetypes. The detailed evaluation is available for subscribers and one-time purchase.

Information Services Group (Nasdaq: III) has initiated a research study to evaluate service providers aiding in the adoption of Workday cloud management products. This study will culminate in the ISG Provider Lens™ report titled Workday Ecosystem, set for release in July. It aims to assist enterprise buyers in assessing vendor relationships and potential new engagements. With economic pressures affecting operational costs, organizations are increasingly relying on Workday and its partners for tailored solutions in HR and financial management. Three quadrants of services—Consulting and Strategy, Implementation and Integration, and Managed Services—will be examined.

Information Services Group (ISG) reported record fourth-quarter revenues of $74 million, exceeding guidance despite a $3.2 million negative FX impact. The company achieved a net income of $4 million and a GAAP EPS of $0.09. Full-year revenues reached $286 million, marking an 8% increase in constant currency. ISG declared a first-quarter dividend of $0.04 per share and amended its credit agreement, enhancing terms and extending maturity to February 2028. Guidance for Q1 2023 estimates revenues of $73-$75 million and adjusted EBITDA between $10-$11 million.

ISG Provider Lens released a report highlighting how Nordic oil and gas companies are leveraging digital technologies to enhance operations and sustainability amid challenges such as rising commodity prices, the war in Ukraine, and the need for decarbonization. The report notes significant capital investments in Norway's oilfields and the ongoing commitment to achieving net-zero emissions. It emphasizes the growing skills gap in the industry, driven by rapid technological change and a high retirement rate. Notably, Accenture and TCS are identified as Leaders across all service quadrants in the report.