Brief: Information Services Group posts Q1 loss per share $0.02

Information Services

09/05/2016 11:29

May 9 (Reuters) - Information Services Group  III.O : 
    * Announces first-quarter financial results 
    * Q1 loss per share $0.02  
    * Q1 adjusted non-gaap earnings per share $0.04 
    * Q1 revenue $49.9 million versus I/B/E/S view $52.4 million 
    * Q1 earnings per share view $0.05 -- Thomson Reuters 
I/B/E/S 
    * Raises full-year 2016 revenue guidance 
    * "For 2016, we are raising our forecasted growth in 
revenues to a range of 7 percent to 9 percent" 
    * Reaffirming forecasted growth in adjusted EBITDA of 
between 10 percent and 15 percent for 2016 
    * Acquires tracepoint, an organizational change management 
(OCM) firm 
    * Randy Geoghagan, founder and president of Tracepoint, and 
his team will continue to lead OCM business 
    * FY2016 revenue view $217.4 million -- Thomson Reuters 
I/B/E/S 
 
Source text for Eikon:  ID:nPn4MK8H3  
Further company coverage:  III.O  
 
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