<PAGE>   1


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(MARK ONE)

       [X]        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1999 OR

       [ ]        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
                  FOR THE TRANSITION PERIOD FROM             TO
                                                 -----------    ------------

                        COMMISSION FILE NUMBER: 000-23889

                             ----------------------

                  BRIGHTSTAR INFORMATION TECHNOLOGY GROUP, INC.
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

        DELAWARE                                               76-0553110
(STATE OF OTHER JURISDICTION OF                             (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)                              IDENTIFICATION NO.)

   4900 HOPYARD ROAD, SUITE 200
      PLEASANTON, CALIFORNIA                                      94566
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                        (ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (925) 251-0000

                             -----------------------

         Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceeding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.   Yes   X   No     .
                                                 ---      ---

         The number of shares of Common Stock of the Registrant, par value $.001
per share, outstanding at August 10, 1999, was 8,642,034.

*The Registrant became subject to the reporting requirements of Section 13 of
the Securities Exchange Act of 1934 on April 16, 1998.



<PAGE>   2



                          ITEM 1. FINANCIAL STATEMENTS

         BRIGHTSTAR INFORMATION TECHNOLOGY GROUP, INC. AND SUBSIDIARIES
                 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
                         (000'S, EXCEPT PER SHARE DATA)

<TABLE>
<CAPTION>

                                                                              JUNE 30,      DECEMBER 31,
                                                                                1999           1998
                                                                             -----------    -----------
<S>                                                                           <C>            <C>
ASSETS
CURRENT ASSETS:
   Cash and cash equivalents                                                 $     4,829    $     3,672
   Trade accounts receivable, net of allowance for doubtful accounts
   of $1,608 and $1,316                                                           24,509         20,297
   Unbilled revenue                                                                4,377          2,238
   Deferred tax asset                                                                562            785
   Prepaid expenses and other                                                      1,617          1,298
                                                                             -----------    -----------
   Total current assets                                                           35,894         28,290

PROPERTY AND EQUIPMENT                                                             7,105          5,051
   Less-accumulated depreciation                                                  (2,307)        (1,505)
                                                                             -----------    -----------
   Property and equipment, net                                                     4,798          3,546

GOODWILL                                                                          64,362         62,260
   Less-accumulated amortization                                                  (1,828)        (1,030)
                                                                             -----------    -----------
   Goodwill, net                                                                  62,534         61,230

OTHER                                                                                566            498
                                                                             -----------    -----------

TOTAL                                                                        $   103,792    $    93,564
                                                                             ===========    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
   Accounts payable                                                          $     5,117    $     3,920
   Acquisition payable                                                             2,000          4,784
   Line of credit                                                                  8,640           --
   Current maturities of capital lease obligations                                   129            167
   Restructuring reserve                                                           3,404          4,383
   Accrued salaries and other expenses                                             9,924          6,328
   Income taxes payable                                                            1,958          1,791
   Deferred revenue                                                                  822          1,936
                                                                             -----------    -----------
      Total current liabilities                                                   31,994         23,309

NOTE PAYABLE                                                                         500           --
LONG-TERM CAPITAL LEASES, NET                                                         96            129
OTHER                                                                                 34             52
COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY:
Common stock, $0.001; 35,000,000 shares authorized; 8,189,059 and
   7,989,059 shares issued and outstanding                                             8              8
   Additional paid-in capital                                                     84,393         82,818
   Common stock payable                                                            6,300          6,875
   Common stock warrants                                                             100            100
   Deferred stock compensation                                                      --             (468)
   Accumulated other comprehensive income                                            128            248
   Retained earnings (deficit)                                                   (19,761)       (19,507)
                                                                             -----------    -----------
      Total stockholders' equity                                                  71,168         70,074
                                                                             -----------    -----------

   TOTAL                                                                     $   103,792    $    93,564
                                                                             ===========    ===========
</TABLE>

See notes to condensed consolidated financial statements


                                       2

<PAGE>   3



         BRIGHTSTAR INFORMATION TECHNOLOGY GROUP, INC. AND SUBSIDIARIES
            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                           (000'S, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>

                                                      THREE MONTHS ENDED              SIX MONTHS ENDED
                                                  --------------------------    --------------------------
                                                    JUNE 30,       JUNE 30,       JUNE 30,       JUNE 30,
                                                     1999           1998           1999           1998
                                                  -----------    -----------    -----------    -----------
<S>                                               <C>            <C>            <C>            <C>
REVENUE                                           $    36,123    $    18,557    $    68,602    $    23,666

COST OF REVENUE                                        26,222         11,975         49,800         15,330
                                                  -----------    -----------    -----------    -----------

GROSS PROFIT                                            9,901          6,582         18,802          8,336

OPERATING EXPENSES:
   Selling, general and administrative expenses         8,049          4,821         16,199          6,138
   Stock compensation expense                              67          1,264            468          1,264
   In-process research & development costs               --            3,000           --            3,000
   Goodwill amortization                                  404            224            798            224
   Depreciation and amortization                          465            182            802            212
                                                  -----------    -----------    -----------    -----------
      Total operating expenses                          8,985          9,491         18,267         10,838

INCOME (LOSS) FROM OPERATIONS                             916         (2,909)           535         (2,502)

OTHER INCOME (EXPENSE)                                      3            134            (32)           135

INTEREST EXPENSE                                          (99)           (29)           (78)           (62)
                                                  -----------    -----------    -----------    -----------

INCOME (LOSS) BEFORE INCOME TAXES                         820         (2,804)           425         (2,429)

INCOME TAX PROVISION                                      484            597            679            693
                                                  -----------    -----------    -----------    -----------

NET INCOME (LOSS)                                 $       336    $    (3,401)   $      (254)   $    (3,122)
                                                  ===========    ===========    ===========    ===========

Net income (loss) per share -

         Basic and Diluted                        $      0.04    $     (0.47)   $     (0.03)   $     (0.76)
                                                  ===========    ===========    ===========    ===========

Weighted average shares outstanding -

         Basic and Diluted                          8,723,584      7,203,560      8,682,809      4,107,933
                                                  ===========    ===========    ===========    ===========
</TABLE>



See notes to condensed consolidated financial statements.


                                       3

<PAGE>   4



         BRIGHTSTAR INFORMATION TECHNOLOGY GROUP, INC. AND SUBSIDIARIES
            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     (OOO'S)

<TABLE>
<CAPTION>

                                                                       SIX MONTHS ENDED
                                                                  JUNE 30,        JUNE 30,
                                                                   1999            1998
                                                               ------------    ------------
<S>                                                            <C>             <C>
OPERATING ACTIVITIES:
   Net loss                                                    $       (254)   $     (3,122)
   Adjustments to reconcile net loss to net cash
       used in operating activities:
   Cumulative translation adjustment                                   (120)             (3)
   Depreciation and amortization                                      1,600             436
   Additions to allowance for doubtful accounts                         292             201
   In-process research & development costs                             --             3,000
   Compensation expense on issuance of common stock                     468           1,264
   Deferred taxes                                                       223            --
       Cash provided by (used in) operating working capital:
       Trade accounts receivable                                     (4,504)         (3,136)
       Unbilled revenue                                              (2,139)          2,035
       Prepaid expenses and other                                    (1,134)            378
       Accounts payable                                               1,197             567
       Restructuring reserve                                           (979)           --
       Accrued salaries and other expenses                            3,407          (5,746)
       Income taxes payable                                             167           1,075
       Deferred revenue                                              (1,114)           (675)
                                                               ------------    ------------
       Net cash used in operating activities                         (2,890)         (3,726)

INVESTING ACTIVITIES:
   Cash paid to acquire founding companies                             --           (41,891)
   Payments for acquisitions                                         (3,386)           --
   Additions of property and equipment, net of disposals             (1,136)           (242)
                                                               ------------    ------------
       Net cash used by investing activities                         (4,522)        (42,133)

FINANCING ACTIVITIES:
   Payments on short-term debt and notes payable                       --            (1,344)
   Net proceeds from issuance of common stock                          --            59,090
   Borrowings under line of credit                                    8,640            (175)
   Net payments on capital lease obligations                            (71)            (99)
                                                               ------------    ------------
       Net cash provided by financing activities                      8,569          57,472

NET INCREASE IN CASH AND CASH EQUIVALENTS                             1,157          11,613

CASH AND CASH EQUIVALENTS:
   Beginning of period                                                3,672               3
                                                               ------------    ------------
   End of period                                               $      4,829    $     11,616
                                                               ============    ============
SUPPLEMENTAL DISCLOSURE:
   Noncash issuance of common stock of fair value              $      1,575    $       --
                                                               ============    ============
</TABLE>

See notes to condensed consolidated financial statements.


                                       4

<PAGE>   5



                  BRIGHTSTAR INFORMATION TECHNOLOGY GROUP, INC.
                                AND SUBSIDIARIES

               NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.  BASIS OF PRESENTATION

    The accompanying unaudited condensed consolidated financial statements have
    been prepared in accordance with generally accepted accounting principles
    for interim financial information and the instructions to form 10-Q and
    Article 10 of Regulation S-X. Accordingly, they do not include all of the
    information and footnotes required by generally accepted accounting
    principles for complete financial statements. The consolidated financial
    statements for the three and six month periods ended June 30, 1999 and the
    balance sheet at December 31, 1998 include the accounts of all BrightStar
    subsidiaries. The statement of operations and cash flows for the six month
    period ended June 30, 1998 include only the accounts of Brian R. Blackmarr
    and Associates, Inc, the accounting acquirer, from January 1, 1998 to April
    17, 1998, the date of acquisition. In the opinion of management, all
    adjustments (consisting of normal recurring accruals) considered necessary
    for a fair presentation have been included. Operating results for the three
    and six month periods ended June 30, 1999, are not necessarily indicative of
    the results that may be expected for the year ending December 31, 1999. The
    balance sheet at December 31, 1998, has been derived from the audited
    financial statements at that date but does not include all of the
    information and footnotes required by generally accepted accounting
    principles for complete financial statements. For additional information,
    refer to financial statements and footnotes thereto included in the
    Company's annual report on Form 10-K for the year ended December 31, 1998.

    Certain reclassifications have been made to conform the prior year's
    financial statement amounts to the current year presentation. Additionally,
    certain costs and expenses amounting to $0.9 million and $1.5 million,
    respectively, for the three and six month periods ended June 30, 1998 and
    $1.4 million for the three month period ended March 31, 1999 that were
    previously included in cost of revenue have been reclassified to selling,
    general and administrative expenses.

2.  CREDIT FACILITY

    Effective March 29, 1999, the Company established a $15 million credit
    facility (the "Credit Facility") with Comerica Bank. Under terms of the
    agreement, the Credit Facility will be used for working capital needs,
    including issuance of letters of credit, and for general corporate purposes.
    Borrowings under the Credit Facility bear an interest rate of prime plus
    .25%, or the Eurodollar rate plus 2.5%. The Company will pay a commitment
    fee on unused amounts of the Credit Facility amounting to .375% per annum
    based on the average daily amount by which the commitment amount exceeds the
    principal amount outstanding during the preceding month. Interest is payable
    monthly on prime rate borrowings and quarterly or at the end of the
    applicable interest period for the Eurodollar rate borrowings.

    The Credit Facility is secured by liens on substantially all the Company's
    assets (including accounts receivable) and a pledge of all of the
    outstanding capital stock of the Company's domestic operating subsidiaries.
    The Credit Facility also requires that the Company comply with various loan
    covenants, including (i) maintenance of certain financial ratios, (ii)
    restrictions on additional indebtedness and (iii) restrictions on liens,
    guarantees and payments of dividends. The Credit Facility expires on March
    30, 2001. The Credit Facility contains provisions requiring mandatory
    prepayment of outstanding borrowings from the issuance of debt or equity
    securities for cash, excluding certain equity issued in connection with
    future acquisitions, and cash realized in connection with permitted asset
    sales outside of the ordinary course of business. Borrowings outstanding
    under the Credit Facility amounted to $8.6 million at June 30, 1999 at an
    interest rate of 8.25%.

3.  RESTRUCTURING

    During the fourth quarter of 1998, the Company announced a plan to
    restructure its operations and recorded a charge of $7.6 million. The plan
    included a reorganization of operations, relocation of the Company's
    corporate office, reduction in workforce, and termination of leases and
    other contractual obligations.

    The major categories of the restructuring charge are summarized below
(000's omitted):

<TABLE>
<CAPTION>

                                                                                        REMAINING
                                                             AMOUNTS CHARGED         AMOUNTS ACCRUED
                                                           TO EARNINGS IN 1998      AT JUNE 30, 1999
                                                           -------------------      ----------------
<S>                                                        <C>                      <C>
                Workforce severance obligations               $     4,960              $     2,067
                Asset writedowns                                    1,171                       --
                Lease and other contract obligations                1,483                    1,337
                                                              -----------              -----------
                Total                                         $     7,614              $     3,404
                                                              ===========              ===========
</TABLE>

     The balance of the restructuring charge will be utilized through the first
quarter of 2001.


                                       5

<PAGE>   6




4.  INCOME TAXES

    The provision for income taxes for the six month period ended June 30, 1999
    is based on an estimated effective tax rate of 39%, as adjusted for
    non-deductible goodwill amortization and stock compensation expense.
    Components of net deferred tax assets of $0.6 million at March 31, 1999
    principally relate to the Company's accounts receivable and restructuring
    reserves.

5.  COMPREHENSIVE INCOME

    SFAS No. 130, "Reporting Comprehensive Income," requires companies to report
    and display comprehensive income and its components in the financial
    statements. Comprehensive income includes all changes in equity during a
    period except those resulting from investment by owners and distributions to
    owners. The comprehensive loss was $0.4 million for the six months ended in
    June 30, 1999, due to the effect of the cumulative foreign currency
    translation adjustment. Comprehensive income is the same as net income
    reported in the 1998 period reported.

6.  ACQUISITION

    On May 28, 1999, the Company purchased Integrated Systems Consultants, LLC
    ("ISC") pursuant to an Asset Purchase Agreement (the "Agreement"), dated as
    of April 1, 1999. ISC is a provider of SAP consulting services based in
    Phoenix, Arizona. The four principals of ISC each have over five years
    experience leading and completing SAP implementations for mid-tier and large
    global enterprises. The ISC customers include Microsoft, Arch Chemicals and
    the Tessenderlo Group as well as other companies in the high tech, chemical
    and manufacturing industries.

    The aggregate consideration for this transaction was $3.0 million; of which
    $500,000 was paid in cash upon closing; $1,000,000 will be paid on June 1,
    2000 in up to 244,648 shares of common stock, or a combination of cash and
    stock as defined in the Agreement; $500,000 was financed by a Convertible
    Subordinated Promissory Note due August 1, 2000; and, the remaining
    $1,000,000 contingent consideration will be paid subject to the achievement
    of ISC earnings during the twelve months ending March 31, 2000, as defined
    in the Agreement. The Company has allocated the entire purchase price and
    certain other acquisition costs to goodwill.

7.  CONTINGENT LIABILITY

    Under the terms of the acquisition of Cogent Technologies, LLC ("Cogent"),
    the Company is required, as additional consideration for the acquisition, to
    make an additional cash payment and issue additional shares of the Company's
    common stock to the prior owners based upon an earn-out calculation. The
    additional purchase consideration will be recorded as goodwill upon
    transfer.

    ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
    RESULTS OF OPERATIONS

    INTRODUCTION - BrightStar provides enterprise-wide business and technology
    solutions to Global 2000 companies and other large organizations. BrightStar
    provides these services to a diverse client base including but not limited
    to retail, industrial, petrochemical, manufacturing and distribution
    companies and governmental agencies.

    The Company's services and products include Enterprise Resource Planning
    (ERP) software implementation, consulting, software and Web application
    development, systems integration and outsourcing, and training as well as
    upgrades and support related to software products. The services are
    generally performed at clients' locations and also at the Company's
    facilities. In providing ERP implementation and other IT services, the
    Company may assume responsibility for project management and bill the client
    on a time and material or fixed fee basis.

    Revenue is recognized as services are rendered. The timing of revenue is
    difficult to forecast because the Company's sales cycle for certain of its
    services can be relatively long and is subject to a number of uncertainties,
    including clients' budgetary constraints, the timing of clients' budget
    cycles, clients' internal approval processes and general economic
    conditions. In addition, as is customary in the industry, the Company's
    engagements, generally, are terminable without a client penalty. The
    Companies' revenue and results of operations may fluctuate significantly
    from quarter to quarter or year to year because of a number of factors,
    including, but not limited to, the effect of changes in estimates to
    complete fixed fee contracts; the rate of hiring and the productivity of
    revenue generating personnel; the availability of qualified IT
    professionals; the significance of client engagements


                                       6

<PAGE>   7



    commenced and completed during a quarter; the number of business days in the
    quarter; changes in the relative mix of the Company's services; changes in
    the pricing of the Company's services; the timing and the rate of entrance
    into new geographic or IT specialty markets; departures or temporary
    absences of key revenue-generating personnel; the structure and timing of
    acquisitions; changes in the demand for IT services; and general economic
    factors.

    Cost of revenue consists primarily of salaries (including non-billable and
    training time) and benefits for consultants. The company generally strives
    to maintain its gross profit margins by offsetting increases in salaries and
    benefits with increases in billing rates.

    Selling, general and administrative expenses primarily consist of costs
    associated with (i) corporate overhead, (ii) sales and account management,
    (iii) telecommunications, (iv) human resources, (v) recruiting and training.

    RESULTS OF OPERATIONS

    Financial results for the three and six month periods ended June 30, 1999
    include the operations of all BrightStar companies acquired in conjunction
    with, or subsequent to the date of the IPO. Financial results for the six
    months ended June 30, 1998 contain only the operations of Blackmarr, the
    accounting acquirer from January 1, 1998 to April 17, 1998, the date of
    acquisition. Consequently, variances between six month periods reflect the
    combined operations of the BrightStar companies from April 17, 1998, which
    was the date BrightStar commenced operations, or later dates for companies
    subsequently acquired. The information herein should be read in conjunction
    with financial and pro forma information contained in the Company's 1998
    annual report on Form 10-K.

    Revenue increased primarily due to new ERP contracts and additional custom
    and web application development projects.

    Costs of revenues increased in proportion to the additional ERP and custom
    application development revenue. Cost of revenues as a percentage of
    revenues for the three and six months ended June 30, 1999 was higher than
    normal as a result of consultant salaries and related costs attributable to
    certain fixed fee contracts that are not billable at normal rates and
    competitive pricing pressures. The Company expects to continue to incur
    costs that are not fully billable on certain fixed fee projects through the
    third quarter of 1999.

    The increase in selling, general and administrative expenses reflect the
    Company's investment in building its internal infrastructure and field sales
    force during the first half of 1999.

    Stock compensation is a non-cash expense item related to the issuance of
    stock to certain Founders as a part of the IPO. This amount was amortized
    over a period of 12 months.

    Goodwill amortization relates to goodwill acquired in conjunction with the
    IPO and subsequent acquisitions.

    Income taxes are based on the Company's estimated annual tax rate of 39%,
    adjusted for non-deductible goodwill amortization and stock compensation
    expense.

    LIQUIDITY AND CAPITAL RESOURCES

    Effective March 29, 1999, the Company established a $15 million credit
    facility (the "Credit Facility") with Comerica Bank. Under terms of the
    agreement, the Credit Facility will be used for working capital needs,
    including issuance of letters of credit, and for general corporate purposes.
    Borrowings under the Credit Facility bear an interest rate of prime plus
    .25%, or the Eurodollar rate plus 2.5%. The Company will pay a commitment
    fee on unused amounts of the Credit Facility amounting to a .375% per annum
    based on the average daily amount by which the commitment amount exceeds the
    principal amount outstanding during the preceding month. Interest is payable
    monthly on prime rate borrowings and quarterly or at the end of the
    applicable interest period for the Eurodollar rate borrowings.

    The Credit Facility is secured by liens on substantially all the Company's
    assets (including accounts receivable) and a pledge of all of the
    outstanding capital stock of the Company's domestic operating subsidiaries.
    The Credit Facility also requires that the Company comply with various loan
    covenants, including (i) maintenance of certain financial ratios, (ii)
    restrictions on additional indebtedness and (iii) restrictions on liens,
    guarantees and payments of dividends. The Credit Facility expires on March
    30, 2001. The Credit Facility contains provisions requiring mandatory
    prepayment of outstanding borrowings from the issuance of debt or equity
    securities for cash, excluding certain equity issued in connection with
    future acquisitions, and cash realized in connection with permitted asset
    sales outside of the ordinary course of business.

    During the first half of 1999, the Company borrowed $8.6 million under its
    Credit Facility to finance $2.9 million of additional working capital
    requirements, $1.1 million of equipment additions and $3.4 million of
    payments related to acquisitions.

                                       7

<PAGE>   8

    The Company expects to install or upgrade its accounting and management
    information systems and to install an internal network and communications
    system to facilitate exchange of information among the BrightStar companies.
    Management presently anticipates that expenditures for these items will
    total approximately $500,000.

    The Company intends to continue to pursue acquisition opportunities. The
    timing, size or success of any acquisition effort and the associated
    potential capital commitments are unpredictable. The Company expects to fund
    future acquisitions through the issuance of additional equity, as well as
    through a combination of working capital, cash flow from operations, and
    borrowings under the Credit Facility.

    The Company believes that cash flow from operations and borrowings under the
    Credit Facility will be sufficient to fund its requirements over the next
    twelve months.

    YEAR 2000 COMPLIANCE - The inability of computers, software and other
    equipment utilizing microprocessors to recognize and properly process data
    fields containing a two-digit year is commonly referred to as the Year 2000
    problem. The Year 2000 problem arises from the way dates are recorded and
    computed in most applications, operating systems, hardware and embedded
    chips. If the problem is not corrected a system that uses a date in its
    prescribed function may fail or produce erroneous results before, on and
    after the Year 2000.

    The Company has completed a review of its businesses to determine whether or
    not purchased and internally developed computer programs are Year 2000
    compliant, as well as determine the extent of any remedial action and
    associated costs for such programs which are not compliant. Based upon its
    review, the Company plans to complete all remediation efforts for its
    critical systems prior to Year 2000. The Company is also contacting its key
    suppliers and customers to determine their Year 2000 readiness in order to
    ensure a steady flow of goods and services to the Company and continuity
    with respect to customer service.

    The costs of Year 2000 preparation for the Company's products are primarily
    costs of existing internal resources largely absorbed within existing
    spending levels. The costs of the readiness program for internal systems are
    a combination of incremental external spending and use of existing internal
    resources and expertise. The financial impact of the Year 2000 reviews,
    modifications, testing, replacements or related purchases are not expected
    to be material to the Company's business or its consolidated financial
    position, results of operations or cash flows.

    FORWARD-LOOKING INFORMATION - Management's Discussion and Analysis of
    Financial Condition and Results of Operations ("MD&A") includes
    "forward-looking statements" within the meaning of Section 27A of the
    Securities Act of 1933 and Section 21E of the Securities Exchange Act of
    1934. All statements, other than statements of historical facts, included in
    this MD&A regarding the Company's financial position, business strategy and
    plans and objectives of management of the Company for future operations are
    forward-looking statements. These forward-looking statements rely on a
    number of assumptions concerning future events and are subject to a number
    of uncertainties and other factors, many of which are outside of the
    Company's control, that could cause actual results to materially differ from
    such statements. While the Company believes that the assumptions concerning
    future events are reasonable, it cautions that there are inherent
    difficulties in predicting certain important factors, especially the timing
    and magnitude of technological advances; the performance of recently
    acquired businesses; the prospects for future acquisitions; the possibility
    that a current customer could be acquired or otherwise be affected by a
    future event that would diminish their information technology requirements;
    the competition in the information technology industry and the impact of
    such competition on pricing, revenues and margins; the degree to which
    business entities continue to outsource information technology and business
    processes; uncertainties surrounding budget reductions or changes in funding
    priorities or existing government programs and the cost of attracting and
    retaining highly skilled personnel.



                                       8

<PAGE>   9



                           PART II - OTHER INFORMATION

ITEM 1.           Legal proceedings

                  None.

ITEM 4.           SUBMISSION OF MATTERS TO A VOTE OF STOCKHOLDERS

                  None

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits

                  None

(b)      Reports on Form 8-K

                  On June 14, 1999, the Company filed a report on Form 8-K
describing its acquisition of Integrated Systems Consultants pursuant to an
Asset Purchase Agreement dated as of April 1, 1999

                                       9

<PAGE>   10



                                   SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.

                                                   BRIGHTSTAR INFORMATION
                                                   TECHNOLOGY GROUP, INC.

                                                   BY:  /s/ Michael A. Ober
                                                      -------------------------
                                                            Michael A. Ober
                                                       Chief Executive Officer


                                                    By:  /s/ Donald W. Rowley
                                                       ------------------------
                                                             Donald W. Rowley
August 13, 1999                                         Chief Financial Officer



                                      10

<PAGE>   11
                              INDEX TO EXHIBITS


<TABLE>
<CAPTION>
Exhibit
Number             Description
-------            -----------
<S>               <C>
  27               Financial Data Schedule
</TABLE>