Information Services reports Q4 adjusted EPS 6c, consensus 9c

Reports Q4 revenue $66M, consensus $68.93M. “ISG delivered record revenues of $291 million for the year, despite a soft fourth quarter due to slower client decision-making in an uncertain macro environment,” said Michael P. Connors, chairman and CEO. “We also delivered record recurring revenues of $125 million, up 16 percent, driven by our research business and our ISG platforms, including ISG GovernX and ISG ProBenchmark. Recurring revenues now represent 43 percent of our overall revenue, up 500 basis points from the prior year.”