QUOTE AND NEWS
Yahoo  Apr 21  Comment 
A high-stakes shareholder vote at Wells Fargo & Co (WFC.N) next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help...
Forbes  Apr 11  Comment 
Commercial space startup plans world’s first private, commercial Earth-orbiting space station, one that it hopes will make a worthy replacement for the International Space Station (ISS).
Financial Times  Apr 7  Comment 
ISS cites ‘breakdown of risk oversight’ over fake accounts for removal of directors
Yahoo  Apr 7  Comment 
Influential proxy adviser Institutional Shareholder Services recommended investors vote to replace the majority of directors at Wells Fargo & Co (WFC.N) in the wake of the bank's phony-account scandal. ISS, in a report released on Friday by a...
Wall Street Journal  Apr 7  Comment 
The biggest proxy adviser is challenging the $17.6 million pay package given last year to Coca-Cola Co.’s outgoing chief executive.
Yahoo  Mar 31  Comment 
Some of Europe's most profitable lenders pay their chief executives the least, data from shareholder advisory group ISS shows, while loss-making banks reward their bosses more lavishly. Despite caps on bank bonuses introduced across much of Europe...
Yahoo  Mar 30  Comment 
Institutional Shareholder Services Inc, the world's top proxy advisory firm, is making activist investors work harder than ever to earn its backing in corporate control battles in a shift being led by the new man in charge of its recommendations....
newratings.com  Mar 29  Comment 
WASHINGTON (dpa-AFX) - NASA has announced the names of five astronauts for spaceflights on board the International Space Station (ISS) launching later this year and throughout 2018. Joe Acaba, Ricky Arnold, Nick Hague, Serena Auñón-Chancellor...
TechCrunch  Mar 20  Comment 
 The final stage of SpaceX’s CRS-10 resupply mission for the International Space Station wrapped up Sunday, with recovery of the Dragon capsule it launched on February 19. The capsule was carrying 4,500 pounds of supplies and scientific...
Forbes  Mar 15  Comment 
What are the highest and lowest points in the orbit of the ISS? This question was originally answered on Quora by Robert Frost.




 
TOP CONTRIBUTORS

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]

References

  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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