Record 4Q21 Results: ISG's management announced record 4Q revenue of $69.6 million, up 5% year-over-year and exceeding consensus of $67.96 million and our estimate of $68 million. Net Income was reported at $3.6 million, or an EPS of $0.07, versus $1.4 million or $0.03 last year. Adjusted EPS was at $0.10 and adjusted EBITDA was at a record $10.2 million (11% over last year). We forecasted Net Income to be $4.3 million, EPS of $0.08, adjusted EPS of $0.11, and adjusted EBITDA of $9.3 million. Consensus estimate for EPS was $0.06.Continuing Momentum into 2022: The quarter highlights the continuation of the momentum across ISG's markets. Enterprises are powering through the headwinds of the ongoing pandemic, inflation, and supply chain disruptions through ramping up investments into the digital and cloud technologies, both being specialties of ISG.FY 2021 Results: Revenues for fiscal year 2021 totaled $277.8 million, a 12% (9% constant currency) y-o-y increase, with the Americas segment increasing 13% versus the prior year to $160.2 million, Europe increasing 4% (flat constant) to $90.3 million, and Asia Pacific increasing 32% (22% constant) to $27.4 million. Total Net Income for the year equaled $15.5 million with an EPS of $0.30, versus last year's $2.8 million and $0.06, respectively. Adjusted EPS was $0.44 versus $0.28 the prior year, and adjusted EBITDA was $38.8 million, a 37% increase over the prior year's $28.3 million.The Cash Flows: Cash balance at the end of fiscal year 2021 was at $47.5 million, a 9% increase y-o-y. This increase in cash also came with a decrease of debt outstanding to $74.5 million from $78.8 million from the prior year, a 5.5% decrease. We believe this cash increase and debt reduction is a testament towards ISG NEXT's model in its cash generation.Conference Call: Management will be hosting a conference all this morning at 9 a.m. est. The dial-in is 1-800-289-0720 and the access code is 8108263. Additional commentary and an update to our models will be provided after the call. Read More >>