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Wall Street Journal  Oct 20  Comment 
An influential shareholder advisory firm changed course Monday and recommended Chiquita shareholders vote in favor of the company’s planned tie-up with Irish fruit grower Fyffes.
Benzinga  Oct 20  Comment 
Chiquita Brands International, Inc. (NYSE: CQB) ("Chiquita") today announced that Institutional Shareholder Services ("ISS"), a leading independent proxy voting and corporate governance advisory firm, has changed its previous recommendation...
newratings.com  Oct 9  Comment 
WASHINGTON (dpa-AFX) - An unmanned supply rocket bound for the International Space Station has exploded immediately after it was launched from a commercial launch pad in Virginia. It was Orbital Sciences Corps' third contracted resupply...
Wall Street Journal  Oct 1  Comment 
Allergan Inc. should put any acquisition it might strike in the coming weeks to a shareholder vote, proxy advisory firm Institutional Shareholder Services said in a report critical of the company's handling of a hostile bid.
newratings.com  Sep 30  Comment 
WASHINGTON (dpa-AFX) - Starboard Value LP, one of the largest shareholders of Darden Restaurants Inc (DRI), said Tuesday it was gratified by the support from proxy voting advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis &...
newratings.com  Sep 26  Comment 
WASHINGTON (dpa-AFX) - Starboard Value LP, one of the largest shareholders of Darden Restaurants Inc. (DRI), with beneficial ownership of about 8.8% of the outstanding common stock of the Company, announced that Institutional Shareholder Services...
StreetInsider.com  Sep 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Darden+Restaurants+%28DRI%29+Comments+on+ISS+Statement%3B+Says+Shareholders+Should+be+%27Alarmed%27/9863031.html for the full story.
Benzinga  Sep 26  Comment 
Darden Restaurants, Inc. (NYSE: DRI) today issued the following statement regarding a September 25, 2014 report by Institutional Shareholder Services ("ISS").  The report relates to the election of directors to Darden's Board of Directors at...
Reuters  Sep 26  Comment 
Advisory firms Glass, Lewis & Co and Institutional Shareholder Services (ISS) each have recommended that Darden Restaurants Inc investors back Starboard Value LP's 12-director slate,...




 
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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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