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Information Services continues to grow its services and tech segments

Last updated: 10:51 28 Mar 2024 EDT, First published: 08:30 18 Nov 2021 EST

Snapshot

  • ISC recognized for fifth consecutive year on Globe and Mail's Women Lead Here List
  • Information Services Corporation poised for a strong 2024, analysts say
  • ISC Achieves Landmark Year with Record Revenue and Growth Plans
ISC -

About the company

Headquartered in Canada, Information Services Corporation (ISC) is the leading provider of registry and information management services for public data and records. ISC is focused on sustaining its core business while pursuing new growth opportunities.  Throughout its history, the company has delivered value to its clients by providing solutions to manage, secure and administer information through its Registry Operations, Services and Technology Solutions segments.

How it is doing

28 Mar 2024

Information Services Corporation (TSX:ISV) announced it has been included in the Globe and Mail's esteemed 2024 Report on Business Women Lead Here list for the fifth consecutive year.

The Women Lead Here list employs a proprietary research methodology to identify Canadian corporations making significant strides towards achieving gender parity in executive positions.

Throughout 2023, an impressive 55% of ISC's executive leaders identified as women, encompassing executives within ISC's wholly owned subsidiaries.

To mark Women's History Month this year, ISC initiated a campaign called #WomenLeadWednesday, featuring a diverse array of women leaders within the company every Wednesday in March. The campaign, showcased both internally and on ISC's LinkedIn page, aimed to explore the role of women in leadership within ISC and the broader professional landscape.

18 Mar 2024

Information Services Corporation (TSX:ISV) announced that it has been recognized as one of Saskatchewan’s Top Employers for 2024, marking the 16th year it has achieved this designation.

The company said that ISC and other employers in Saskatchewan were evaluated by the editors from Canada’s Top 100 Employers on criteria including physical workplace; social and work atmosphere; health, financial and family benefits; vacation and time off; employee communications; performance management; training and skills development; and community involvement.

15 Mar 2024

Information Services Corporation (TSX:ISV) CEO Shawn Peters discussed the company's impressive performance in 2023 and its ambitious growth plans in a recent interview with Proactive.

Peters highlighted the substantial revenue growth and strong cash flow generated by ISC, attributing their success to stable business segments and strategic investments in technology and personnel. The extension of their agreement with the government of Saskatchewan until 2053 was a significant milestone, providing a solid foundation for long-term stability and growth.

What the brokers say

18 Jan 2024

Information Services Corporation (TSX:ISV)'s share price is seen rewarding investors with an almost 40% return over the next 12 months by analysts at Acumen Capital.

The analysts see the ‘Buy’-rated stock reaching C$31.75, up from its current share price of C$23.49.

“Operational results were generally as expected in 2023 with registry transactions moderating from the elevated levels seen during Covid but remaining well ahead of the 10-year average,” they wrote in a note to clients.

What management says

14 Mar 2024

ISC CEO Shawn Peters joined Steve Darling from Proactive to to discuss the company’s financial results for the fourth quarter and year ended December 31, 2023. Peters highlighted the significant growth ISC experienced in 2023, with revenue reaching a record $214.5 million, representing a 13% increase compared to $189.9 million in 2022. This growth was attributed to several factors, including a full year of revenue from Ontario Property Tax Assessment Services in the current year compared to seven months in the prior year.

Peters emphasized the extension of ISC's registry partnership with the Government of Saskatchewan, ensuring continuity for both customers and ISC through to 2053. Additionally, the company continued to invest in people and technology to support growth across all segments, including achieving ISO 27001 certification towards the end of the year. The company's adjusted EBITDA also reached a new record of $72.9 million for the year, compared to $64.4 million the previous year. This increase was driven by higher adjusted EBITDA in Registry Operations, primarily due to fee adjustments implemented in its Saskatchewan Registries division, offsetting reduced volume in the Land Registry.

Additionally, the full year of contributions from Ontario Property Tax Assessment Services contributed to this growth. Despite these achievements, increased cost of goods sold associated with the growth in Services' Regulatory Solutions division, along with increased investment in the Corporate segment in people and technology, partially offset the adjusted EBITDA growth. Overall, Peters expressed satisfaction with ISC's performance in 2023 and highlighted the company's ongoing commitment to growth and innovation across its various business segments.

ISC Achieves Landmark Year with Record Revenue and Growth Plans

ISC CEO Shawn Peters joined Steve Darling from Proactive to to discuss the company’s financial results for the fourth quarter and year ended December 31, 2023. Peters highlighted the significant growth ISC experienced in 2023, with revenue reaching a record $214.5 million, representing a 13%...

2 weeks ago