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Scientists have sent human immune cells to the International Space Station (ISS) to investigate how their structure and metabolism changes in zero gravity. We know the effect of gravity o...
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newratings.com  Apr 18  Comment 
BEIJING (dpa-AFX) - Chinese IT services provider iSoftStone Holdings Ltd. (ISS) said Friday that it has entered into a definitive agreement and plan of merger with New iSoftStone Holdings Ltd. and New iSoftStone Acquisition Ltd., pursuant to which...
DailyFinance  Apr 15  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 04/15/14 -- EnerCare Inc. ("EnerCare") (TSX: ECI) is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of...
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Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Darden+Restaurants+%28DRI%29+Disagrees+with+ISS%27s+Conclusion/9373944.html for the full story.
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Sensient Technologies Corporation (NYSE: SXT)(“Sensient”) today commented on a report issued by Institutional Shareholder Services (“ISS”), a leading proxy voting advisory and corporate governance services firm,...
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NEW YORK, NY -- (Marketwired) -- 03/28/14 -- New York-based Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") continues to dominate the field representing investors in securities litigation. For over a decade, Securities Class Action...
The Hindu Business Line  Mar 28  Comment 
A Russian spacecraft carrying a three-man Russian and US crew today docked successfully at the International Space Station after an unprecedented two-day delay caused by a technical hitch.
The Hindu Business Line  Mar 26  Comment 
An engine snag has delayed the arrival of a Russian spacecraft carrying three astronauts to the International Space Station until tomorrow. A rocket carrying Russians Alexander Skvortsov...




 
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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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