ISG posts record Q1 revenue $78.5M, raises dividend 12.5%

Information Services Group Inc.

2023-Q1 EPS reported $0.07 revenue$78,486,000

Record revenue $78.5M, up 8% YoY (12% constant currency); net income $3.5M, down 29% from $4.9M.
GAAP EPS $0.07 vs $0.10; adjusted EPS $0.12; record adjusted EBITDA $11M.
Dividend increased 12.5% to $0.045/share, payable June 30 to holders of record June 7.
Q2 guidance: revenue $73-75M, adjusted EBITDA $10-11M; ISG NEXT Phase II targets 200bps margin expansion.
Americas revenue up 17%, recurring revenue up 27% YoY; Europe flat in constant currency.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Information Services Group Inc. reported the first quarter 2023 which ended on March 31, 2023 results: revenue $78 million, net income $3.5 million, EPS $0.07. Guidance initiated.

Period: the first quarter 2023 which ended on March 31, 2023
Revenue: $78 million
Net income: $3.5 million
EPS: $0.07
Guidance: initiated
Result: reported results

Exact text from the filing

Contact: Bert Alfonso 203-517-3104 Bert.alfonso@isg-one.com Information Services Group Announces First-Quarter 2023 Results ● Reports GAAP revenues of $78 million, an all-time high, exceeding guidance ● Reports net income of $3.5 million, GAAP EPS of $0.07 and adjusted EPS of $0.12 ● Reports record first-quarter adjusted EBITDA of $11

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Source: SEC EDGAR

accession 0001558370-23-008551

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