III - Earnings call transcript Q2 2024 | Information Services Group, Inc.

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Operator

Good morning, and welcome, everyone, to the Information Services Group Second Quarter 2024 Conference Call. This call is being recorded. [Operator Instructions] Now, I'd like to turn the call over to Mr. Barry Holt for his opening remarks and introductions. Mr. ahead. go please Holt,

Barry Holt

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

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

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

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

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

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

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

Michael P. Connors

on good morning, review and Barry, for our our the Today, $X.X for outlook and QX with environment stronger you, will EBITDA in delivered than results QX. ISG Thank up perspective more XX% sequentially profits we the everyone. second adjusted quarter, at stronger demand our sequentially million.

margin than Our product a more half than of adjusted the points XX%, record saw pickup of basis was And improved we and XXX sequentially in the more at mix. an to quarter. versus our EBITDA utilization service XX% a high in QX reflecting points on demand reach improved up basis XXX back

revenue Our at $XX.X even QX quarter. first million, with the base stabilized in

be challenging macro good market client environment. progress and to by a in continue spending the So sequential decision-making impacted where

QX in the reported we difficult also for comparison. While prior down revenues record year, last were year, versus results making had a

improving a sourcing It of on be flowing on margin community. digital companies. Tango of million ISG to $XX us new trailing ISG provider Tango, contract in representing a in opportunity since expansion AI-powered We businesses. current the ISG the for we X% This of through second of led growing Indeed, XX XXX and contract recurring streams One the than in first value and our Research the revenue extend is quarter, the demand and strength launched TCV firm-wide found accelerates recurring our Our can GovernX billion midsize $X addressable ISG, our to by QX is our now generated speed with value be Tango Tango revenue innovative continue XX% months. ISG. revenue or in recurring for early sign solution reached platform. Total days enhancement TCV, our supports to has the growth so the market ISG platform. more enterprise allows in margin just clients to value or for our also for and companies. midsize half

catalyst AI the We also adoption see of a as for growth.

guide our leverage operating AI scale in deploying ISG's in and knowledge and provider business towering advisory ecosystem strengths governance the outcomes. deep Our accelerate at model and to sourcing design, our entire of experts clients

AI. research generative source a Our AI Research recently been our key Buyers Ventana That from for team. produced clients. guidance ISG team a has This Guide of software, on of have surveys includes dive detailed series a our deep

concept in proofs every be progress are of knock-on platforms clients positive ISG. With software-defined effectively with increased of using infrastructure, and from making In net effect with full-scale have a spending to and for data will momentum on the cloud-based models there implementation, a advanced to networking let they to name me way, turn AI step And analytics with be right operating areas sure regions. ISG of a the AI, responsibly. As is AI the in other and and that, few. will place and short, them our

reported year. Americas, revenues In a our record $XX QX million, quarter-over-quarter, the at As were revenues versus down X% faced stable compare reported at were but a prior we difficult a the down sequentially X% I basis, mentioned the with and year. last outset, on

GE Centene. we industry growth vertical Key in Vernova Scientific, and second our During included the GovernX. manufacturing engagements during automation in and GE Fisher client double-digit and Thermo quarter QX, saw Carnival, Aerospace,

a During of well enterprise renew years. support opportunities way is ISG with our We're ISG more than as Because from to X to services long-standing also separate a new adviser has the parent relationships their ecosystem business. companies. and has by large been million they of clients, positioned divestitures. for automation client research trusted clinical spin-offs realizing $X delivered a of the intelligent a ISG of range this engagement to won quarter,

a $X million GovernX firm. Also we spin-off engagement organizations. a spun million the For America's automation company aerospace engagement intelligent large to a X,XXX partnership with the instance, CoreTrust, new off was purchasing provide new in technology $X nearly horizon. sourcing of won CoreTrust Fortune recently global companies. care a largest with group we package further XXX transformational we ISG North will with a plus that announced of a And X-year global with of agreement, one Under health on opportunities custom from growth note, QX, a initially signed services member

offered to additional as to such ISG represents the opportunity Importantly, companies the with serve these network, partnership in X,XXX future. the optimization services, and a sourcing be of bigger needs cost software

revenues X% up XX% down QX last our Europe, $XX of from to were million Turning sequentially, year.

network, and During revenue verticals client research consumer delivered Key our double-digit BASF. Europe in Allianz businesses. software the in engagements and quarter, in insurance industry Xcite, second in growth our quarter the Volkswagen, and Europe included and

awarded referral with recommend During leading business the strength client the client willingness won which strength with engagement a our with another from expansion. base Germany, QX, client other express new Significantly, among and of our companies. experience client to a ISG scores, are was That in is a in science broad on ISG's we company technology to Currently, ISG clients our industry. in XX% satisfaction of in sourcing Germany, both represented highest global and services relationships. the this large a a opportunities for underscoring

to Now Asia turning Pacific.

Group, million flat Smart year. and a included from the client Taxation XX% basis, another Affairs, QX Key a spin-off Our of services. management packaging of Home Office, in of and on the client essentially clients new revenues salary sequential $X.X quarter down were Australian Group, Department last Endeavor provider fleet

guidance. to turn me let Now

at outset, strong and mentioned as our mix begins the I utilization recover. market positions us the well higher-margin As to

will up optimization and macro transformation improve. as are Our top us catch Efficiency, and clients remains telling a the slowly technology remain blue-chip themes. modernization cost that key conditions priority investments

ahead. In to As clients optimistic, of Europe, considering expect line seasonality demand we in become up QX with holidays, view the on cautiously summer in inch and we remain guidance. months this more cautious especially the

we and in stand and EBITDA and So and opportunity remain our of million to $XX $XX million. $X as We confident revenues are between new third quarter, ready business on returns. for $X strategy million growth million targeting capitalize adjusted between the

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

Michael Sherrick

were Revenues morning, quarter compared flat Thank million, note also impact the compare $X.X Currency Pacific, X% down 'XX on Americas, quarter And $XX second revenue. reported quarter the to revenue demand for was prior XX%. revenues Asia revenues with in last XX%. with supporting QX that you, difficult results $XX.X highest I that $XXX,XXX In and second we were the would XX% has the year. were our Mike, our Similar $XX.X ago our revenue a when versus Europe, million, down stabilized. million, second down were reported view everyone. sequentially, revenues million, generated In QX, had negative good ever. a down year. quarter year a faced second modest

quarter was Second while down our ago year $X.X corresponding from in EBITDA $X.X Sequentially, the $XX.X part adjusted an year margin. XX.X% period, EBITDA in improved adjusted as in points, ago record utilization resulting the of in with EBITDA margin by fueled and by quarter. margin million basis XX.X% compared million, our rose million, gross XXX

income up operating prior For a basis March of $X.X the million strong income the the quarter year. XXX in a million margin of quarter, from reached operating second with had quarter. ISG XX.X%, gross points $X.X compared

million or prior per $X.XX income with income net $X.X in reported Our $X.XX net the $X fully per diluted of compared was of year. share or share million diluted quarter for fully income the

of and that or X,XXX, $X.XX, and from in $X.XX diluted quarter. year by QX. adjusted was Second and share note quarter per the million XXX income XXXX, was fully sequentially, professionals $X.XX down second down net adjusted share adjusted I compared increased income of XX diluted million earnings income as saw with or $X.X per $X.X net again we per respectively. Headcount prior with June the XX, year compared prior fully net would $X.X share million

record year. For XX% first the a quarter was in prior as the in quarter, the XX% consulting compared to and utilization XX%

ago. the compared quarter down provided of first of $XX.X a with $X.X million the was million, net generating cash by ended operations For the $XX the cash end to million million from $X.X as quarter, at year We quarter.

quarter, payments related prior to acquisitions. the we million $X of earnout million made shares $X.X During and second repurchased of

a as debt and flat ended Our quarter-on-quarter. with will October dividend balance million, of September million next down shareholders of record X. We paid QX QX from quarterly $XX.X of $X X be to

X.X% remarks share year. We over before Q&A. Our our with flexibility support we continues XX.X diluted with long fully to to average up quarter the business our balance term. Mike for X.X%, quarter now will the us to Overall, million concluding shares back outstanding. rate the last borrowing the provide was go ended from sheet

Michael P. Connors

utilization. To in growth higher profit good we Michael. you, on sequential summarize, made an strong progress Thank mix improved with QX and

strong demand our and stabilized pipeline provides base macro improve. that conditions revenue up as late clear pick this Our year signs could

Our strong, that recurring revenue for including are portfolio, our business total our And success. and positions product model remains half our of operating confident firm-wide service representing us Tango and AI, and ISG we revenues. about

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

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

Operator

[Operator Instructions] of comes And line Markets. of question first Noble from Gomes Joe Capital your the

Unknown Analyst

in for Joe. calling [indiscernible]

and the of So that guys guys year? you how the expect that very to want maybe trend expect guys have up you -- do kind kind guys throughout yes, congrats ] you give upward mark, guys seeing to [ forward you that XX% slightly? -- rate just wanted or guys going Do utilization to you that do are it the steady of about do

Michael P. Connors

levels. is, we And lava call to any out XX% take it, [ hours utilization, of remind as use again, I'll XX/XX utilization hours hot denominator, in so on ] there. everyone, So just our we don't terms

XX% sustainable level that top level, I think. a utilization. probably That don't decile So is not and is

target think our mid-XXs the is ongoing of I on basis. kind in an

summer especially of to holiday can we season. level utilization and if range be that not in expect not have able that in certainly of be likely summer holiday would and with So the often that to season, we

of a good for very mid-XXs on that that ongoing an the if produce basis. us something and attain ongoing would in is So kind range our we outcome can

Unknown Analyst

wanting the discussions any growth Okay, other you pipeline, quarter? of great. guys of more And are shifting seeing quicker you still move during there clients time more start kind those towards then of projects of on to just kind started Was what clients? with upfront or wanting are there, any the on those? spend And the company kind have clients have guys kind to to

Michael P. Connors

right the rate consumer slightly of manufacturing of all, on hottest different. just cost really is a higher of just couple on now and of The first things lot robust. they're you pace segments So X The kind the Both yet. X. us. And are of pipeline as transformation a look are manufacturing of of for a at give change a at and then environment, optimization, our industry growing we in those pushing demand think it is consumer, pretty are the The execution. I right seen of we what the that to flavor issue segments. terms and the significant and once double-digit not out out, is getting We've pipeline get now

environment the Our we'll pipeline. pace lighten see of pipeline, to needs of sense encouraged very before with burning we're is, any through speed that we're encouraged macro in up is that the the very by But discussions. kind the

in quarter faster at moving believe we quarter the with might That's view the to it clip see pipeline for So that at pent do than second be to we at pace But I what move a we up the when faster saw #X. see able get moment. that we don't quarter. third a our

Unknown Analyst

Okay. of million on today? recurring is about and quarter half side, you looking of for we or a $XXX the revenue kind about half And quarter. of how last track on guys Are goal this still that revenue had revenue of in XXXX just

Michael P. Connors

Right.

is we $XXX XXXX at are I million, good So million sitting pretty place. in think our a of at exit to million sitting goal $XXX $XXX today,

a once new us. we was level, we But at makes ago that, we million, sure goal. $XX that have not yes, recurring. And level of long I'm it think we'll sense So were $XX sitting that million attain that then for

So ] sitting the these [ in for looks numbers up kind of XXXs us. pretty good

for at half pace. things being tracking we to spot revenue a now. do we're us a at continuing good is the right all good when can yes, We're So recurring and

Operator

comes from from the line Research. next Barrington Colicchio Vincent Your question of

Vincent Colicchio

performance highlight if half? should have curious the which second Just best you which have geographies the strongest relatively geographies could pipelines and the in

Michael P. Connors

throw first the as of what as And you part is terms would pipeline of all, of in a in Europe out we macro Americas when close I the the in is it I rest Well, both think we of environment there uncertainty geopolitical terms ahead definitely that world, adds market. the XXXX. think little well, the the in of of more environment expect in

think and to fourth Europe, of move the definitely you when clip. faster the So a us would see kind will think, growth and Vince. to compare I the U.S. at quarter, a U.S. is seeing I follow that, Americas year-over-year And Europe I going return the in in

Vincent Colicchio

And then was for that value, percent companies what and contract Tango, total was the hear that? what on you I the said didn't midsize

Michael P. Connors

now is of Tango XX% from billion. midsize on the our right $X companies

Vincent Colicchio

targeting? And with Were is number you that? a were that you that pleased

Michael P. Connors

the be actually to XX% I is fast be don't That's that's It's the a incremental little we for mid-market that sustainable pricing a small if type clip number previously because tackled Yes. a thought kind not a -- pretty faster clip. go all can will able of be from our know to of part, yet. that do most not because that. market revenue premium for the incremental us might we for had to us, all

to ultimate were in in be I know run, will XX% large the number good I'm here us we margins looking it on does -- achieve clients. that. the stats about think for with the able term. just So would couple But the don't number mid-market I at a The we the have if long be if that with as the these certainly, of a things. short same look that And the

Vincent Colicchio

that you your work And to about the second thinking mix in half? advantage? how Will product are

Michael P. Connors

going to. the cost quarter. mean, bit product healthier All that turn I margins all and see our you next we with be to back able we're cooperation top get think that on a and look fixed need margins like quarter horizon. revenue are mix. quarter the the should Again, just going that with overall, the incremental is third I to macro line think environment is for think the leverage Yes. is as should second the But year to used we the fourth into to be I we are of into we we to going little because

Operator

Riddick from Sidoti next comes Your Marc of question the line Company. with &

Marc Riddick

you stay was I could wondering moment. on if maybe So for Tango a

at you So is good size which we're I little the looking I and/or $X.X like? talk it billion, the bit working to industry of the maybe the maybe end first if sequential, attracted at of with about are Tango the type pretty a of about Can you remember that -- maybe for that clip customers, $X numbers billion, think the mix are about from talk what correctly, up talk maybe looks was quarter, right. have verticals you -- and those about I if a maybe it

Michael P. Connors

Yes.

to a and looks value time it So seeing it's And of really is first accelerate we Tango for the going segments to It's industry but good what serve. Tango to digital enterprise. of the of kind all like we platform X we're is for all, One, achieve objectives. is it's as looking days, that which to is industry expected, what the agnostic. be early is like going pieces

of were So that weeks they what less the that it think a achieve to savings sooner. done efficiencies a will they get that Under this means able wants we and and transaction sourcing value it and than did, x something about get client takes previously number be will think to scenario, which done.

the for So that's enterprise.

them. is also the does For are who accelerates tech what and providers, an it think them so the on IBMs for outcome others the for Accenture, platform,

and which go little win means So it Tango. before a earlier begins to outcome an than get now longer their what a and have to quicker, bit revenue a solution taken a might did will

why that's the see the enterprise as and them. both it are a provider Tango for So and on win-win

as and we efficient the ultimately ISG, margin be overall speed firm few expansion expansion. will way, that as it years because help productive higher and help us, a in and for of productivity plans we will it will margin For efficiency, a more in can done get our way the therefore, over and think us next more our

see XX that but XX to objectives XXXX. early we're think and moving through the result accomplish expand as I and think margins months, it you'll go were the as is over a to of So we what looking to days, those we next our

Marc Riddick

And then guess you touched maybe you the few if more Ventana you've AI closing the benefits seen us on the you we're sort I that in we a got on year. but will. about closing of -- a in Can months, up-to-date playbook, been and -- it's bring we're

kind So -- the perspective little organization AI about how playbook a but of you that's certainly that you of leading Can seeing there? way talk gelled mindshare you're and of into referred a that from to. and what the bit

Michael P. Connors

question, Yes. Good Marc.

So business, all, now has Research the one, it's and in first a ISG software our the team augmenting as future. it great fully more in to be side. help Ventana especially number our integrated on arm intact referring and out ISG But is completely of is we Research broadening Ventana than into is software will fully and integrated. The been

of which buyer We it AI like we clients providers. AI reports the think our year, send call And on that objective, we've Just of use clients. to is Guides kind about that assessments I referenced as software of with earlier, of I a Buyers market helpful. this guide independent think out we to into very been things AI. able And software the double the help examples, number what couple

Qualification. what it Tango. our our in CPQ, call Candidate using We We Provider use are our we ISG with it

we been into for call as industry outsized XXXX, $XXX So a, move it to an it, us. has advantage the $X software moving trillion. is itself I'll And billion

providers being really we and kind able way for out of up is in to the leg us, service like So all very a report of a we believe. with tech analytical do

and helpful been AI platforms provide the platforms, market we LLMOps, of Those evaluate GenAI learning kind Ventana machine you kind then That's and some ops. GenAI if the has on and them. of us you will, X or kind AI platforms, Research kind So LOM independent out of are ML in if focus ops, assessment. where will, of and areas, X in the helping that the very providers of

Research. who's than team been his prior involved and very founder we've ISG. Mark joining of terrific broader that and we're even the in them Smith, So a areas Ventana pleased with have gotten lot had to of they

So good a all very in start. all,

Marc Riddick

the Great. And things thoughts valuations maybe and maybe on the one out pipeline to on the are was I could your what me. at update you point. then might us an on if there platform be give some potential for this seeing or there thoughts and you're acquisition wondering last add attractive that to

Michael P. Connors

Yes.

remain, as in very So we active always market. we the have,

kind think the have you is optimistic. of a little But to softened, little market some are bit on a I buy, softened of way market so last expectation not year. value. softened has as sell reluctance The the the continue there we side balance the over levels bit the

We digital that. if and pounce of growth us for areas that look And find capability, continue streams. around think can something we will or acceleration then revenue on an we we recurring give to

of though it was. value, active area. would quite the balance So say where remains isn't I that an

still sellers But the think little a buyers that. than a bit time be have a bit that I helps higher the at value of expectation ease moment. may

Operator

Your the next line comes question Stonegate. from Storms Dave from of

Unknown Analyst

is Mike, Barry, Rob for Dave. filling in this

here. for start you just questions on wanted few guidance. I a have X asking to by question Just

year? for to of half regards the not is that. touch key to the on growth guidance clarify into I the going the Does of QX your experience face half the with that QX. wanted decision QX understand XXXX this demand late factors possibly help in guidance? your we imply same just client influencing the and latter consistent just Just might Could making you second

Michael Sherrick

is This take question. Michael. I'll the

stable revenue So improved I think quarter-on-quarter saw and as QX significantly mean, we profitability. I said, obviously,

also recognize in that Europe seasonality continue vacations, to but but in QX We particular, we QX, the in there's look at also as expect U.S. specifically, a summer those trends

asked expect of to as And provided was hot with it call. think I we've guidance that reasons, seasonality. business as earlier we of as on earlier regard to that's utilization, the we given why type those the run that So wouldn't for a the result

Unknown Analyst

I've got Okay, just here you. great. one for more And

some to Regarding sectors continues or see clients and expect client you there client that sectors the there's you grow most use ISG any Tango, or -- types forward-looking? this I to you to or new platform impact know that Are types have can specific that expect.

Michael P. Connors

I think Tango to be things with is transactions industry agnostic. will means And the of us firm that overall year, would we it, cetera, by would enables we flow it's in as next our and expect to this infrastructure, I margin. et we're the nearly using to we means that any in and bit all helps get would mentioned to through it that, means providers have sourcing nearly our ultimately, perspective, that -- speed and from be tech middle allow addition through And expect -- service think that efficient, by the will applications, industry along, to have any the time Tango. a us, And time our earlier, better which this the benefits ISG more all flow basically Tango. enterprise productivity of

mid-teens the only, of we margin that will think back we targeting. the So is one expansion, one elements, the think we elements are of into Tango when that not the but get kind of about margin us

Operator

Singular next [indiscernible] Your the line of of comes Research. from question

Unknown Analyst

employing talent, follow is strategies professionals? for interest up. are top for concept of I then competitive given stage, to or a is what that retain still AI temporary AI AI a maybe the And highly proof and have And in margins? headwind at given the this you So attract market incentives guys

Michael P. Connors

of internal on AI, are the First training you AI. developing our on will, them we all, if and team up

a consultants have university our of many through. training AI we consultants full are -- that sending We

So that workforce making skilled around and ] need relative to the the we in teams of progress our areas them are we talent globally AI. in of our all good first on world [ course to very training up is our

So I would kind that's source. our say of

industry. low very the We've always low-end turnover. our have We at turnover been for

confident you our feel world will, if skilled teams very we the So around up. get investing in AI, of to

objective headwind, actually that's tailwind we a AI don't So it potentially us. see as standpoint, from a we number one. I as for our see think,

process As I being kind help for to do for from mentioned clients areas a AI strategic operating will selection able think model the of them around building governing. be them that's helping to proof new with or our of of around is their moving earlier, areas lot some helping all kind we partner then then a or concept AI of We and those of and initiatives production think them into us. scaling of beneficial whether

our view that's So on AI.

Unknown Analyst

follow-up. I to this I'm just have name. one new relatively

requires as for guess, successful, to revenue the for as of that So well you the -- $X mentioned Tango me from understand can I also, how you client adoption on the from -- the a be client Tango it help ISG model vendor and both that it into the ties And needs kind and billion perspective side. number?

guys the how [indiscernible] going adoption objections those and you on is So vendor how is are and there any objections? the side

Michael P. Connors

run a we Tango it. see The enterprise But not with issue have we've if only platform, clients. purposes. that The have the with with ISG they've across we how on first an might entire will, have side, contractor across with vendor for use government time really if we was an issue there operated we an Tango if supplier internal great would we relationship vendor objections. still used is a extension, come all, a not years. did, might just of of particular you any This So our community. have be might our They methodologies for

our platform a Tango sourcing we So transaction than -- do that Tango base expect more forward. going doing use ISG of client is would XX% our

vendors ISG had great trained on we've We Tango. XXX So adoption. of the over

and fact, with XXX all it's are using that enterprise on. In of they've transaction clients to closer working received and well date all it we are quite any to on them it

good feel pretty we that. So about

Unknown Analyst

that... does understand model could you me just if And for the revenue how Tango, help ISG

Michael P. Connors

Yes.

revenue is a the the charge whatever the would of way model, that went receive the depending $X a works value transaction to that transaction fee enterprise provider billion sourcing on number if So client tech we to a their amount is is, this them. the

platform, the So think Capgemini businesses, Accenture you or with million, hypothetical particular the about their ISG or would platform. the be They those that's platform, $XXX if for hotel ultimately an to would us contracts then million be working on providers a IBM advising platform, would the selection. a bidding on a we an have and the would worth be enterprise be make that's on make on the hotel the a selection $XXX

to $XXX,XXX, enterprise particular with might $X be it fee enterprise. Our be our client arrangements et direct cetera, fee are might million, that the

how that's So model works. the

Operator

I'll And further call closing showing his remarks. turn no to Connors for the back I'm Mike questions.

Michael P. Connors

let driving progress me in saying to and QX you professionals long-term continuing our we the and for for our thank your close dedication collaboration and by worldwide to all Well, that clients made success.

times continued Our you in confidence of the passion them. firm. better transformations they great times a of And uncertain clients be thanks could a in ahead for people best the in more of as I their to on to have all rest both not for support and and and our your advice day. support our the Have call continue and proud delivering

Operator

does today's conclude This teleconference.

You may time. at any disconnect

Information Services (III) 6 Aug 242024 Q2 Earnings call transcript