Don't Overlook ISG (III) International Revenue Trends While Assessing the Stock

Core Insights - Information Services Group (ISG) reported a total revenue of $64.27 million for the quarter ending March 2024, reflecting a decrease of 18.1% compared to previous periods [4] - The company's reliance on international markets is crucial for understanding its financial health and growth trajectory, as it can provide a hedge against domestic downturns and access to faster-growing economies [2][3] International Revenue Breakdown - EMEA contributed $17.8 million, accounting for 27.7% of total revenue, which was a surprise decrease of 11.46% from the expected $20.1 million [5] - Asia Pacific generated $5.63 million, representing 8.8% of total revenue, also falling short of the projected $5.87 million by 4.04% [6] Future Revenue Projections - Analysts project ISG to report $66 million in total revenue for the current fiscal quarter, indicating an 11.5% decline from the previous year, with EMEA and Asia Pacific expected to contribute 30.8% ($20.34 million) and 9.2% ($6.04 million) respectively [7] - For the full year, total annual revenue is expected to be $278.28 million, marking a decrease of 4.4% compared to last year, with EMEA and Asia Pacific projected to contribute 29.5% ($82.13 million) and 8.9% ($24.74 million) respectively [8] Market Performance - ISG's stock has declined by 18.8% over the past month, while the broader market (S&P 500) has increased by 1.3%, indicating underperformance [13] - Over the past three months, ISG's stock price has decreased by 32.6%, contrasting with a 4.3% rise in the S&P 500 index [13]