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Information Services reports Q3 adjusted EPS 9c, consensus 8c

Reports Q3 revenue $62M, consensus $60.94M. “ISG delivered an excellent third quarter, continuing our AI-powered momentum with clients,” said Michael P. Connors, chairman and CEO. “Excluding our divested automation unit, Q3 revenues were up 8%, with the Americas up 11 percent; Europe returning to growth, up 7%, and recurring revenues up 9%. Our adjusted EBITDA rose 19%, and our adjusted EBITDA margin increased nearly 200 basis points, due to a more profitable mix of business and our continued focus on operating efficiency. We also had another strong cash quarter, generating $11M in cash from operations.”

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