Revenue Growth and AI-Driven Performance
ISG delivered Q2 revenues of about $62 million, up 7%, led by the Americas with a 16% increase. AI-related revenue was 2.5x higher than the previous year, making up nearly 20% of total revenue.
Strong Cash Flow and Profitability
ISG generated nearly $12 million of cash, one of its best quarters ever for cash generation. Adjusted EBITDA was up 17% to $8.3 million, with a margin increase of 240 basis points to 13.5%.
Successful AI Initiatives and Client Engagements
ISG served more than 350 clients with AI-centered engagements, up 50% from Q1. The company hosted two sold-out AI Impact Summit events in Boston and Frankfurt.
Strategic Acquisition in Europe
ISG signed a definitive agreement to acquire Martino & Partners in Italy, expanding its public sector reach and client base in Europe.
Positive Market Outlook
ISG anticipates continued growth driven by cloud, AI, data analytics, and infrastructure modernization spending, with interest rate cuts expected to stimulate further tech spending.