Benzinga  May 21  Comment 
Danish firm ISS posted a profit in the first quarter and maintained its guidance for 2015. The company projects 2015 organic revenue growth of 2 percent to 4 percent. ISS posted a quarterly net profit of 296 million Danish kroner ($44.07...
Cloud Computing  May 14  Comment 
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever...
TheStreet.com  May 14  Comment 
NEW YORK (TheStreet) -- Shares of Integrated Silicon Solution were gaining 7.5% to $20.14 Thursday after the chipmaker received a letter from Cypress Semiconductor offering to buy the company. In its letter to Integrated Silicon, Cypress...
Yahoo  May 9  Comment 
Advisory firm ISS has recommended that BMW (BMWG.DE) shareholders should vote against the appointment of outgoing chief executive Norbert Reithofer as chairman of the carmaker's supervisory board, newspaper Frankfurter Allgemeine Sonntagszeitung...
Financial Times  May 7  Comment 
ISS urges shareholders to withhold support because of Libor fine and co-CEO fraud charges
Wall Street Journal  May 7  Comment 
Shareholder advisory firms ISS and Glass Lewis are urging Deutsche Bank investors not to back co-chief executives Anshu Jain and Jürgen Fitschen and their fellow executive board members.
guardian.co.uk  May 6  Comment 
Corporate governance firm ISS advises shareholders to revolt because CEO’s $20m pay package is not linked to company’s performance JP Morgan has been accused of giving its chief executive, Jamie Dimon, a $7.4m cash bonus “without compelling...
Yahoo  May 6  Comment 
ISS said the reintroduction of a large discretionary cash bonus in Dimon's pay mix without a compelling rationale had weakened the performance-basis of his pay. JPMorgan paid Dimon a cash incentive bonus of $7.4 million in 2014, his first bonus in...
Wall Street Journal  May 6  Comment 
Mondelez International said that proxy adviser ISS is recommending shareholders withhold votes from the board’s lead director and members of the company’s audit committee.
Financial Times  Apr 29  Comment 
Shareholder group to raise long-running dispute over workers’ rights at annual meeting


iSoftStone Holdings (NYSE:ISS) is a Chinese-based IT service provider with clients in China as well as globally. iSoftStone focuses on four main industries: technology, communications, financial services, and energy. The company has grown from 6 sales and delivery centers in 2007 to 19 centers, 12 in China, as of December 2010. These centers act to sell as well as provide support to clients on their IT needs. The company's clients include 71 Fortune 500 companies, 23 of which are located in China and 48 throughout the rest of the world.[1]

iSoftStone expects that the continued rise in IT outsouring will continue to drive demand. IT services have increasingly been outsourced by large businesses. This process allows the businesses to focus on their competitive advantage, while still giving them access to low cost IT support on a large scale. As a result, the demand for IT services in China is expected to rise by a compounded annual growth rate of 14.1% according to the IDC. Furthermore, the demand for Chinese software development is expected to grow by a CAGR of 22.4%.[2]

The company's initial public offering of stock on the NYSE occurred on December 13, 2010. The company offered 10.8 shares each for $13. This was at the high end of the revised range of $11-$13. The offering raised $141M. The lead underwriters of the deal were UBS AG (UBS), J P Morgan Chase (JPM), and Morgan Stanley (MS).[3]

iSoftStone announced a net revenue for 2009 of $134M. This corresponds to an increase of 63% over the 2008 figure of $82M. This rise in Net Revenue helped to pull the company to a net income of $9M in 2009. iSoftStone had reported a net loss of -$3K in 2008. The company also reported a net revenue figure of $135M for the first 9 months of 2010. This already exceeds its total figure for all of of 2009.[4]


  1. ISS F-1/A 2010 PROSPECTUS SUMMARY "Our Business" pg 1
  2. ISS F-1/A 2010 PROSPECTUS SUMMARY "Industry Background" pg 3
  3. Renaissance Capital iSoftStone Holdings prices IPO at $13, high end of the range 13 Dec 2010
  4. ISS F-1/A 2010 PROSPECTUS SUMMARY "Summary Consolidated Financial Data" pg 11
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