Information Services Group, Inc. (ISG) reported a decline in revenue for the first quarter of 2025, generating $59.6 million compared to $64.3 million in the same period last year, marking a decrease of approximately 7%. The company's operating income improved significantly, reaching $3.4 million, a turnaround from an operating loss of $2.4 million in the prior year. Net income for the quarter was $1.5 million, or $0.03 per diluted share, compared to a net loss of $3.4 million, or $(0.07) per diluted share, in the first quarter of 2024.
The decrease in revenue was attributed to declines in the Automation and Network & Software Advisory Services segments, particularly in Europe and Asia Pacific, where revenues fell by 22% and 15%, respectively. However, revenue in the Americas remained stable, with a slight increase in consulting services. The company noted that excluding the previous year's Automation revenue, the Americas would have seen a revenue increase of 17%. Operating expenses also decreased by 16% to $56.2 million, primarily due to lower direct costs for advisors and reduced restructuring costs.
ISG has been actively pursuing strategic growth through acquisitions and product development. The company received $2 million in cash from the sale of its Automation business line during the first quarter, which is expected to enhance its focus on core advisory services. Additionally, ISG continues to expand its service offerings and geographic reach, leveraging its expertise in AI-centered technology research to support clients in achieving operational excellence.
As of March 31, 2025, ISG reported total assets of $202.4 million, with cash and cash equivalents amounting to $20.2 million. The company maintained a stable employee headcount of approximately 1,300 professionals. Looking ahead, ISG anticipates that its current cash reserves and ongoing cash flows will be sufficient to meet its working capital and capital expenditure needs for at least the next twelve months. The company has also declared a second-quarter dividend of $0.045 per share, payable on June 27, 2025, reflecting its commitment to returning value to shareholders.
About Information Services Group Inc.
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