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Motley Fool  Mar 1  Comment 
But psst!: This could actually be even bigger news for SpaceX.
The Hindu Business Line  Feb 22  Comment 
NASA astronauts at International Space Station (ISS) have successfully completed first of the three spacewalks to create parking spots for Boeing and SpaceX to deliver astronauts to the orbital la...
Cloud Computing  Jan 29  Comment 
SYS-CON Events announced today that Intelligent Systems Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1994, Intelligent...
Mondo Visione  Jan 21  Comment 
BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "the Company," or "BGC"), a leading global brokerage company primarily servicing the financial and real estate markets, today announced that Institutional Shareholder Services ("ISS"), a leading...
Wall Street Journal  Jan 14  Comment 
An influential proxy adviser endorsed Family Dollar’s deal to be bought by Dollar Tree, a blow to rival bidder Dollar General.
TechCrunch  Jan 12  Comment 
 The SpaceX Dragon capsule has successfully bolted to the International Space Station, where it will spend four weeks as it resupplies the orbiting platform during its fifth official mission as a supply ferry. The SpaceX craft launched on January...
Forbes  Jan 6  Comment 
SpaceX has had to abandon its attempted legged landing today, after the launch of its fifth cargo resupply mission to the ISS was scrubbed at the last minute.
Forbes  Dec 27  Comment 
ESA Astronaut Alexander Gerst created a timelapse of the Earth as seen from the ISS using ultra high-res cameras.
The Hindu Business Line  Dec 4  Comment 
Danish business services firm ISS has sold its Indian cash and valuables services business to unlisted Indian company SIS Prosegur for an undisclosed amount. The unit, ISS CVS, has 6,000...




 
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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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