III - Earnings call transcript Q1 2022 | Information Services Group, Inc.

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Operator

Good day, and welcome to the Information Services Group First Quarter 2022 Results Conference Call. Today's conference is being recorded, and a replay will be available on the ISG's website within 24 hours. At this time, for opening remarks and introductions, I would like to turn the conference over to Mr. Barry Holt. Please go ahead.

Barry Holt

operator. you, Thank morning. good Hello, and My name Barry Holt. is a Communications at Executive ISG. I'm Senior to I'd ISG's first everyone quarter to like welcome conference call. I'm Executive Chief Connors, and joined Chairman and Chief Michael today Executive Bert Vice Officer. Financial Alfonso, and President by Officer;

Before subject and statement. is future we management to beliefs communication contain effects. potential of risks These important are forward-looking represent which ISG results this It forward-looking their that the and begin, statements, could to and note of are those the anticipated. that a like may to I'd read events to current of future uncertainties concerning results differ certain from not and statements actual guarantees cause materially expectations

refer the and SEC contained listing a statement in that that to in full detailed our For XX-K Form please Risk results. furnished the other ISG's the the risks to more Form last night covering X-K forward-looking could of section factors Factors was and results, affect future year

read on or supplements also Annual amendments documents, with filed should Report these any and SEC. the Form any relevant including to ISG's You other documents, XX-K

to no able or any be the ISG's or events forward-looking website any to or copies ISG at free filings update on will You either of ISG's website www.sec.gov. at subsequent reflect SEC's obligation www.isg-one.com of to undertakes SEC obtain statements revise circumstances.

provides will are improves as During measures, not evaluate financial data this and with GAAP. non-GAAP call, earnings transparency and measures basis. additional comparability greater touch net information accordance of the in measures, presentation financial in on Non-GAAP believes company's or be prepared adjusted a company's isolation we upon non-GAAP considered the selected currency results should which the ISG certain The used EBITDA, as substitute will results of include periods adjusted for today, and discuss a of constant which provided performance. for measures financial between we financial to key the

closely the night all turn over report be applicable Mike? the non-GAAP Bert I'd X-K, last to to now, measures to GAAP measure, And presented Form reconciliation refer most Connors, with our current SEC. to by Alfonso. call please followed Michael filed who will on the of the like For was which

Michael Connors

we good record XX% our financial of And an record record revenues and continuing first decision a morning, ISG business quarterly points. more our to Barry, from our XX% million, outlook XXX second everyone. up our our to dividend Today, high. basis of delivered had of an XX%, generated you, prior for $XX outstanding will we quarter. momentum, review start million, best Thank an year, the results, year and our quarter, than indeed EBITDA up the adjusted by with We all-time margin with ever. $XX profitability EBITDA raise

compared $XX driven a revenues for our in our utilization to XX% ISG on year, Europe the Asia Pacific last our We record history. up This global year. first XXX million, research growth over our our subscription reaching of continue and goal by expand million. our Americas, good recurring in We and governance way $XXX year-end saw on and to up businesses delivering the with solutions model, is basis end-to-end via highest was our first regions. delivery with quarter our And focus utilization quarter a the iFlex last points XX%,

Our our on and are than technology expertise. clients aggressively ever investing more depending are in

range well enterprises. to increase strategic of a footprint long-term Our initiatives us wide global our with have positioned

GovernX strengthen risk vendor our continue management We to solutions. and compliance

data, perspective, GovernX, for plan to important part value. includes an quarter, strong is is trusted ISG. the Board has capabilities authorized partner quarter, a we and contracting a advice XXXX, and capabilities From During and record and of business The acquired acquisitions. looking to enterprises momentum employee enable in making our to share technology development. and continuing organizations our buybacks, ongoing technology for number dividend, continue experiences as and data growth. to clarity out It modernization. staggering enhance through strong. business increasing platform The the analytics, transformation our internal the on companies get power and use no our dynamic our the more X. greater for of bring is XX development possible as complexity, in easy to and brand-new most cybersecurity, digital of feat. part worst technology also continuous dividend into first XX ecosystems other cash-generating we work customer disciplined capital strategy, and payable Coming are overall new quarterly cloud is are served It of your services to together record demand efficiency new is ISG enhance adaptable Coming choices our this June share, crucial of increase to AI-powered The technology application allocation XXX power outlook to shareholder for which a other support debt more made to conditions. per the operating making companies $X.XX to by clients investments. like and that our invest extended against off of a and Technology and tools rate, we pandemic, More demand XXXX, to solutions our approach. help like We platform including client Agreemint, brings is also external increase shareholders specialized solutions agile backdrop of quarterly market the improving and now is see June insights, is in There of efforts reduction is that the in in reliance we've services to the our to businesses. and their and their growing faster XX%

Turning Americas of up prior our the regions. $XX million versus to the year. in The X% quarter, revenue delivered

client services first quarter research, And GovernX, During engagements our CNO. growth The our network in USAA, among sciences the all were quarter, the McKesson, we advisory saw health McDonald's industry and and during and software included double-digit up double-digits. Verizon, media verticals.

extension them quarter, ongoing a nearly and landed security infrastructure, is of a wins $X consolidating we for in modernization the their sector. the applications, care ecosystem. long-standing the of their of supporting million Among while a During work client, notable supplier number health

engagement services as to world. is for it a This contract telecommunications as worth providing $X to regulatory XG, a also We digital business trial and automate the the with are position million. reporting. reconciliation, edge $X to research processes, auditing engineering critical major data is requirements, connected organization working cloud helping hyperscaler computing also including ISG This clinical engagement major and itself million data, AI, leverage client a company. seeks is nearly

Turning to Europe.

$XX region up of the constant currency. revenues XXXX. QX the quarter of operating X% best Our for this in up prior XX% million growth first since the were versus year and That's

Key Europe and quarter, public double-digit verticals. banking Defense. our U.K. industry BNP growth Europe sector, first and in engagements the For Allianz, in in revenue our Paribas delivered and Volkswagen, of the quarter media Ministry automation in businesses consulting, GovernX client the and included

client, itself the our cybersecurity. services-oriented financial work quarter, company's more automotive manufacturer new awarded transform $X.X million with sector, the a than In was relationship $X.X for support, During to ambitions technology transformation to we ISG a the and to million insurance management including engagement expand first to provide continue a into essential long-standing organization. with a major cloud

close up helping are major and sourcing contracts bank them agreements current levels. outdated bring gaps service market to assess its to pricing and a also We and

that supporting other digital in engineering which media, revenues engagements, our develop to sector Asia work the in included driven ISG. digitization Australian will year, Key turning million series for creating mall-as-a-service in the and Among services engineering new growth is This Now had up major technology with of the by space, Insurance a a is latest the platform. multi-million-dollar a Tinto digital and are in Pacific. This quarter company public growing. open we Home QX to Taxation doors ISG record-setting the Asia versus business is for in digital insurance, engagement of our wins with million, a Group, retail region XX% performance connected It $X sciences $X.X of verticals. health a now Office, Australia industry to Rio Australian capabilities the Department and Affairs. prior clients

guidance. Now let me turn to

continue yet, inflation, supply concerns focused their challenges, chain businesses. and to remain And including transformation a disruptions, costs, energy they geopolitical talent of shortages. Our higher clients number of on face continuous digital

continue situation monitor we in has major hub the course, to a become services. technology which Ukraine, Of for

meet clients is of geographies. ability shifting work in we from are Although concern on talent demand industry's Ukraine, for services. employees of apart the industry, little ISG ISG the to has overall and global no Globally, on is with the working overall software to services issue in far, this technology the now. face used Thus bigger shortages. other have the and effect clients development region business seeing some other our

with USDXX million demand macroeconomic these XXX between digital second quarter, and including FX adjusted million, factors, the and a negative EBITDA and of basis USDXX we between balancing approximately impact targeting of points million USDXX USDXX for million. revenues So are

results. call who turn that, the let over me Bert, our summarize with to Bert? So will financial

Humberto Alfonso

and morning, you, thank Good Mike.

constant the versus million year. Looking basis quarter outstanding a were Revenues $X.X top-line reported revenues profit to the a up as revenues In record reached drive million, X% prior prior the and up revenues X% up Europe, XX%. Americas, record a year. continued currency and a $X.X were on first basis Pacific, year. our and last we performance a quarter, a X% by start strong In XX% momentum at revenues In delivered first reported million, with up up a reported $XX.X negatively Currency the $XX.X for record growth. versus Asia the impacted first constant the on reported up million, record million, XX% an basis. were quarter XXXX on currency to compared $XX.X

of prior over First basis compared from as XXXX million, adjusted was quarter. first up up EBITDA resulting points $XX.X XX% record margin year's with EBITDA the last XX%, in a quarter an year's XXX

very million $X.X at fully income million of or $X.XX diluted prior the per with was quarter $X.X compared prior compared year. share operating the net First income XX% million the Net fully or income year. quarter to million per for with share $X $X.XX increased $X.X diluted strong in in

prior adjusted net record as $X.X versus of quarter was points of income compared impact quarter adjusted or XXXX, $X.XX per the XXX of first First NEXT was diluted operating prior first or in share quarter. a basis million model. basis Consulting And income a fully March per the with net our share million was for the $X.XX year's the ISG $X.X XX%, X,XXX. year, utilization reflecting XX, up headcount on

to business sheet over the have the strength to and long-term. balance flexibility continues support Our our

and down from cash, quarter, of at $XX.X was by cash XX, For million operations we the $XX.X $X.X net ended XXXX. million, provided quarter million with the December

of million $X.X quarter, repurchased lowering balance first ISG debt-to-EBITDA and debt, net shares of X.Xx. the and down our million million to ratio During $XX.X our $X.X debt paid to

rate borrowing to average you, X.XX%, we Over and was with Our year's outstanding. some million now the XX.X XX% ended will remarks for go to concluding for down from call the to shares turn over the I the last Mike Q&A. Mike. quarter quarter before we rate,

Michael Connors

you, million and of record our ISG ever, Thank is all-time its start an XX%. of We XXXX. after revenues with record delivered best QX Bert. momentum EBITDA to million To $XX high off quarterly $XX a EBITDA continuing margin summarize, of

Our subscription sheet record, debt-to-EBITDA and GovernX to cash strong, quarterly ratio remains demand down services. below balance our of recurring revenue net new and for million powered research a set $XX a Xx by And EBITDA. our

And by dividend on we clients future momentum. XX%, for increasing savings business We see both and our cost that transformation as spend momentum reflecting growth. are digital continuing our

As our our steadfast to in to clients. we the on and deliver mission excellence focused creating long-term, for value are always, we are shareholder operational

for in me So thank questions. much this to for our let session the calling And you turn operator very now, over your morning.

Operator

Noble [Operator our and first with from go question And Joe we'll ahead Instructions]. Markets. Gomes take Capital

Joshua Zoepfel

guys' Zoepfel Joshua for touched automation. just wanted But was expectations. with your in just Europe. is I kind performing guidance briefly that it wondering filling on Gomes. update on to Joe to just I know start is This guys overall you I with ISG of off the you

be great. Just on that any update would

Michael Connors

Great. Okay.

business of The environment. market streamline this help in to our First clients speed transformation. continuing well, is demand processes the in accelerate business automation to especially and all, are automation as adoption, do cloud digital continues develop up to overall for apps

solid. automation the is So, business

Joshua Zoepfel

think that you had obviously just And future that maybe more like acquisition tuck-in the March. you going do looking larger about I was are or And I M&As, further know guys at guys wondering you maybe in forward? Agreemint for some maybe Great. guys ones deals

Michael Connors

enterprise we of bolt-on kind will it So, is assets our trace we a capability front, on business call is the few an fill have the digital to what of acquisition or first an that around in our years string-of-pearls our what example some recurring example parallel and look which help that gaps, ago, revenues is of change. drive Agreemint we path, at or approach, point that

And active there. those always to look in for so, the we very are continue and market

a we quarter. As the deal result, during had done Agreemint

second always for we and make and a that's a Our the well. if opportunistic, our as that of more kind would But of all that parallel is be to larger would be then of that, transaction business, is that would at is accretive opportunistic. transformative change shareowners, something course, would look there

streams around Our around strategy is really and in focus recurring digital, revenue filling gaps. around capability our string-of-pearls

Joshua Zoepfel

good year-over-year. up just well guess, was obviously last for And saw me XX%. margin at question XX% Great. just adjusted Sure. is, as the I that was EBITDA And I

you to where just reductions, obviously just tell me cost is think, kind for So, maybe the higher revenue? I try that, drive better can of

Humberto Alfonso

but gains. operating obviously say, driven the I'd Yes, higher really revenue, by income

our rate of the You we've sustainable, And that NEXT a XXX continue was versus contribute utilization versus quarter. were points over know year's basis we that necessarily very operating as points XX% that. up in Clearly, able mid-XXs deliver while and first ISG last our XX lower basis steady was don't quarter percentage model in we revenues, first to outstanding iFlex saw that -- almost to the which the maybe X,XXX bit pre-pandemic. to income or of a that's been XX%,

much driven. operating very income so, was it And

Joshua Zoepfel

back in get Great the I'll quarter, guys. queue. Great.

Operator

with And go ahead our Colicchio move with Vincent Barrington and on question we'll next Research. to

Vincent Colicchio

signs, in Curious or the of just you terms strong quarter. Nice mine any momentum. of sort -- in geographies curious coal your verticals? weakness if business Yes. of talked about any you're I'm in canaries economic if seeing

Michael Connors

winning watch inflation in And at I moment. mind, with the industry clearly, we supply different in keep noise, this But transformation are we out, mean, Ukraine to the would I digital say, with segments. for in look their No. chain, and of continue initiatives offerings always levers X is, cost And to them at the this, clients. have with we to transformation digital we're One service their grow takeout. with them is, business experts second kind our transformation. help in help the

for we a of utilize them takeout a if another, to we So have our any have in rapid cost difficult business an industry time, available, segment course. than services reason, time then more particular do and might time from

look available depending on So the moment. a what strong we But those at is geographically, have with both client. situation of particular quite all X the regions

the and see the of Europeans mentioned then I on would best their year since I And XXXX. of out I think, last we operating in kind to year was now. if that market up pattern, are began indicated basis seeing come in we an our think the that a holding That's good XX% Europe, pandemic European quarter. we

digital all transformation the macroeconomic say, And would globally at I moment. still So, now, world greater say, is the good. the issues the would looks Vince, around I right than

Vincent Colicchio

utilization XX%, I maintain a said that's you guys. you step going thoughts you high What mean, that? more a would the But what of can are just -- change think huge you level. for on your And question. change a that on for level be I not normal you're of follow-up kind forward? of A sure

Michael Connors

we if really could kind target firm. generates are XX% be sustainable of range, target is, the or we take, give that that So for -- in profit

as is in year we approximately mentioned, mid-XX%s. our and a And were is points ago internal when primarily about kind the X,XXX basis higher so, that of that, Bert than

we mid-XX% kind Vince. can range, model productivity that sustain has of quite So, effective, that of operating we our in believe level and been new

Vincent Colicchio

I here opportunity. time talked stride. digital you last some about quite engineering, the My that sounds hitting mean, being a for big question you're market is, It like

people you curious, Just the the does you to are able satisfy look all that to What demand need there? like? hire

Michael Connors

Yes.

So, shape. good now, right we're in

model the machine, great we've based we've the of us, provide years. if But very been have attract kind over We has a that we head our successful flexibility a talent of recruiting for will, business for to able and you HR employees. on been that the terrific yes, and

engineering so, the staffed are digital And well area. we in

we're recent of is with I As in in project. We And retail this that number it. Asia, good example step will X a of you that it great hope with And digitize to many. a if win malls efficiency, where an large is this basically point, great over in of we're won India very helping we this -- will. at shape up we digitization, I It's call staff but were able ease, with call Vince. won't

Vincent Colicchio

go in queue. the I'll back

Operator

on move and question ahead our Sidoti. Marc from go with to we'll And Riddick next

Marc Riddick

wanted type that's of the you opportunity you beginning of idea, different that are maybe a thread, developed on sort of retail I then, how there. opportunity? I'll relatively And if to, about of and that pursue? talk can to mall leave new just a of continue to types you bit digitization because can it to So, marketplaces the see expand little kind as

Michael Connors

Yes.

yes. So,

So, first with imagine. have what as their is one before. strategy loved the with us. for recommended we of was, which large clients digitization enterprise plenty to Starting of doing. India, brand-new sat had laid malls. client, a all, We India, it our by We what opportunity of how is worked them on to you and they were who vision They room to essentially maneuver we execute of never were out can this a in in

kind them will. of of the of XX you kind bringing world XXXX, and mall first 'XX, set malls is a it The environment the into helping set if of we're where digitize

around a engineering secure kind a great our And we would really to in could of to to a help whole would clients what call, trying is it and move opportunity lot we that envision us. as. So, intelligent digitization. more, connected economy digital for refer like yes, we retail is think We

engineering We from an us. so, help and drive expert are the terrific partner thrust And that in outside brought job doing a digital for this what is our year the business. launched And to this team is. getting last he

Marc Riddick

others really strong a rate of That's do commentary the mentioned about. And that, at interesting the maybe sort I was around already to to pretty then, because level. different utilization approach hear [indiscernible] want that to have

operate how originally, to as laying when area high could utilization point wondering maybe normally high How general general is guess, target there maybe talk thought maybe mid-XXs lead of of be And I did of have ISG what in. think or a could about out But NEXT you or you an should sort of about we a sort you you So, that where acceleration a sort of get you could sort the plateau think to? as wouldn't, to there? hiring.

Michael Connors

is we kind Well, pandemic which XXXX, was when like nearly our holidays, in as if high productivity out, do. take this a XX%. kind low-XX% the a cash basis, you the get. was of use we could get the of get of not see give We or not as Clearly, And -- we blown that is XX%, our vacation out shareowners. heart laid every mid-XX%s past years, X,XXX machine, and that with then can of which it subtract of a frankly of We bit the goal be real firm that this of and hours can target here. would do maybe over kind We almost means a if X.X thought XX%, summer consistent firms have on our it kind other because level with for in mid-XX% have we now X cash-generating our for would as seen as in remember, denominator benefit range, that you the that, and necessarily we think, real front quarter. we a culminated last a that the is from

basis, So of even really more this in which there. the is X,XXX it on reflection a kind puts

what originally expected had what for. And planned do we say, Marc, lower. we we would with something this clearly, are could we I we thought That's model. So, exceeding

Marc Riddick

last an that. as I know wanted about certainly Is talked you far being to sort been around Right. is to sort the there And initiation dividend guys thought to certainly back of as of use there and it Right. of about it's the actively to on interesting company? congratulate cash certainly that to circle a year, as of dividends? that. you've should thought, capital a year general the see. think we long-term raising kind sort long-term of the dividend use of you I then doing then, sort of thought have sort on how Or of early of returning that? I sort but of growth you've -- It's shareholders, a this -- and

Humberto Alfonso

the for to Yes. was us. Thanks digital the it's question, important Marc. obviously When that's initiated, something very

to be our think in growth. not say, would was going would and so, And in line on the increases think I the confidence increasing cash line flow shareholders. match we with that recommended. sense like first up coming algorithm for the management increase, would coming we're every of profit terms Look, in the long-term, we generation year, I over on of But year, supportive our long-term, like based is our over our to I dividend see Board anniversary which an for dividend profitability make perfect It's a say. with

Marc Riddick

by maybe you've vertical? their as kind little Okay. verticals where seen or Are any behavior out question industry slow maybe Great. was of differences some sort overall I And you or then, pickup digital of me. to transformation to the for started are journey last vice seeing curious as in if that versa? folks a

Michael Connors

we operate different in question. Yes, industries. so XX good Clearly,

think accelerating the and digital retail, have of areas their there. sciences say, fourth fifth nobody's health the area been I transformation. those would does whole necessitated second insurance, it vary care and say But who's would the or not inning, on were So that that the stage. health I care, who's life are curve, but to beyond you if first, in inning will, party, I the life first in sciences, the

a accelerate digital be because spending, in situation, on their the journey. think, more to has tend now much careful during found themselves which pandemic to they allowed I their them different retail,

thought I no. about think Just would answer you the on ago, years X spend necessarily have digitization money would who have mean, that. been would Certainly, of malls. the

we quite that's health industry that in business. an sciences, because business good is insurance, to yes, life risk-averse manage see increases risk. So, their and is retail, Their care, even is which

And do, so, would doing kind automation easily are that digital come of industry area. and in be Marc. journeys that And the it seeing that acceleration Those would doesn't disruption an necessarily. for we I highlight, the ones

Marc Riddick

And is Great. now, projects view Okay. visibility me, seeing I last wondering for one maybe with so a promise. revenue of you're sort way I what then there or or -- to year a okay, was sort ago. visibility that the now your to compared is of

Michael Connors

of there's at. recurring so. we are, business things call have that revenues, X it, Number we our recurring So, or and look revenue, X/X all, revenues of first one, now the

So that us visibility. gives

we know thing that will XX% of is from prior clients. that revenue our The come us that visibility year's gives second

The in our know, reoccurring they're in a recognize that us reoccurring to we and year. don't spend $X million going $X will spend we But whatever point or So an aggregate, million is, call given we quarter. complete or next in they or whether about model. think going it about to know necessarily to given in don't revenue. and revenue our We work whether know quarter therefore necessarily the we therefore, as they're XX%, a their

company, don't the pace a to clients to down which end a don't channel And And we're in our follow predict something cram not product try we of they that. of want we at We try operate. quarter. to in the terms so, the

around would But that certainly which I our is during and clients it you think COVID. operate, pace in the about we because if will they that's maneuver was visibility than how say better So, when visibility, will.

Operator

next Rodriguez Markets. our with question Marco from Stonegate Capital take We'll

Marco Rodriguez

of is think at to heard was your was clients people I them something correctly kind end your talking thing of add helping type you're kind talk services? you on shortages If those to curious be about worker with there. working remarks, placement that one-off can I you're prepared kind that, Are you you that. help I've kind you great. Or And of about just said you're customers. in a on talent believe I looking type kind of of potentially I that that would Mike, wondering, with?

Michael Connors

to is said Look, years, to staff is, that competitor have we trusted difficulty begin is the to do internal we've But enterprises. not #X these believe before, filling this business. to the and begin to clients to us if it's -- augmentation them I And are they internally, clients doing that that internal for think will happens several that and things work. is ship to no, enterprises our Yes. roles what what those partners enabled going ship in they be can large

do before, opted because opportunity work that we And to it themselves. have to but the so, what an ISG have to clients may been done in internally to do wanted past, internally now try gives Enable do

that be, with a might been work with us. they these mean networks is strategy this or we work some cyber inside, I that's may let's and move or business -- to on optimization whatever saying, great or optimization business we And let's have business cost clients you has where networking have That's with focus now benefit are whether that's So what try that future or it of to that our also that's a working whether by meant to saying, areas ops, done us. benefit in or this That I work they us what know that. this ISG with help by what, of operations. now cost and just are really

Marco Rodriguez

that last the there you're of here few the take share accelerating seeing of this seen opportunity I'm the Understood. has -- from have assuming months basically And or something been here that's year? landscape Got been building kind it. you sort to last overall for in

Michael Connors

kind a behavior, of to become of bit year, beginning shift since which a of say, has in the client this would I No. the is our benefit.

Marco Rodriguez

the it. little us the Got recent opportunity acquisition, how you we time at background acquisition, kind can the Then around having about, came just mean, if to will? to the pull circling you it on you conversations that there. and on a trigger, bit it back kind appreciate frame I took it give were look just, basically that of Much of of

Michael Connors

So, March we year, major Agreemint, And at look, said, we approach enterprise think working why we team on Agreemint. had very Agreemint don't And worked full time large I X between think XX, and with were was the ISG on you it, time time January and line about I last -- on we clients. would closed having say we that would roughly join time? April one. we been that the the the And which have frame that

Marco Rodriguez

little Very if it. can and of over about maybe sort like the months talk the XX then, has or a what And of right looks for sort shifting now pipeline so? you last your M&A opportunities bit landscape of helpful. you been Got how

Michael Connors

opportunities So are pipeline that are is the strong. There there. out

As own I've our lot of sole-sourced said before, we do work. a

have will. potential in ISG see that have if in with areas target we're franchise, companies the if and joining you We conversations and we interest have target interested we to they

with because of It a that emotional It's ongoing. is And constant. also while are a an deal. because normally as everybody we those businesses. well as most takes owner-operators work so, both the that's And it's financial

owners we that but don't are say move move strong, We in interested pace. would at I to the at So, the that things a is pace try their not pipeline moving.

We've of accretive them we've the XX about can feel I think some take executed exceedingly transactions. And can shorter them well owners. strategy. of so, periods our done we longer, to it but done our and years. take all of course, And good and We've some well over

Marco Rodriguez

Very helpful. appreciate it. I time, your Got guys.

Operator

Vincent. ahead and take go we'll And from follow-up a

Vincent Colicchio

of modeling direction into or Mike you the QX? each us, for region think Bert, about could sequential Yes. help purposes,

Michael Connors

When sequential, internal mean or... you say growth you

Vincent Colicchio

growth, revenue yes. Sequential

Michael Connors

by Well, we a we it Yes. about region. talk not as look, globally, firm, --

for So, to I regions do think we've trajectory quarter. we but you the in expect given first the guidance quarter, saw their the that all continue growth

Humberto Alfonso

in know, point expect of the Yes. these we drag dollars was, a in sort -- as Asia a the in one FX, and results. context are or results will level strong outpace do range, add, operating a Mike all at we well comments Pacific, dollar And particularly XXX U.S. The thing his outpace would that from constant as have you added will days. European of as XXX some basis currency we

Vincent Colicchio

year Mike, service should lines the highlight be could then, strongest which ones may this And that you and maybe lag?

Michael Connors

our I Yes. strong. strong. think business will all I automation, be network, will I think be Well, look, think Cyber sourcing

Our And and of software will be recurring this we our services revenue all research, year. of course, strong. expect to revenue, double-digit be GovernX

the would I ones highlight, Vince. be would those I think, So

Operator

And session. our that, question-and-answer back additional turn like that our I call remarks. does any now over with for to presenters closing or would the conclude to

Michael Connors

you to thank worldwide their So first close me our clients our of by delivering all dedication to for record let results. professionals our continued and saying quarter

you. team the day. as I proud continue think, our our support of more the continued the have confidence people to your digital a for their on support in be journeys. great best advice delivering clients for a of and rest ISG. our Thank they worldwide. you thanks I to And call and of passion And cannot today Have all

Operator

your now does that may that, participation, call. for Thank with conclude And you disconnect. and you today's

Information Services (III) 10 May 222022 Q1 Earnings call transcript