QUOTE AND NEWS
Wall Street Journal  Jul 24  Comment 
The biggest proxy adviser is challenging the nearly $49 million 2013 pay package given to Sprint Corp.'s chief executive and opposing the re-election of a board member to the compensation committee.
Reuters  Jul 23  Comment 
Proxy advisor ISS has recommended that Fiat investors vote against a cross-border merger between Fiat and its U.S. unit Chrysler at a meeting on Aug. 1, saying it would...
DailyFinance  Jul 22  Comment 
Brigade Capital Management, LLC, or “Brigade”, an investment advisor whose affiliates hold approximately 32.8% of the auction rate preferred shares of PIMCO Income Strategy Fund and approximately 25.9% of the auction rate...
The Economic Times  Jul 22  Comment 
At the end of a mission usually lasting several months, they undock from the ISS and burn up in the atmosphere in a controlled de-orbit.
DailyFinance  Jul 21  Comment 
Concerned ALCO Stockholders (“CAS”) is pleased that Institutional Shareholder Services, Inc. ("ISS") has again affirmed the need for meaningful change in the governance at the Board of Directors of ALCO Stores, Inc....
Benzinga  Jul 18  Comment 
Cliffs Natural Resources Inc. (NYSE: CLF) today announced that it has revised its WHITE proxy card to provide shareholders with a clear path to vote consistently with the recommendations of Institutional Shareholder Services ...
DailyFinance  Jul 17  Comment 
Casablanca Capital LP, (“Casablanca”) today announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co (“Glass Lewis”), the nation’s two leading independent proxy voting and corporate governance ...
DailyFinance  Jul 16  Comment 
Teva Pharmaceutical Industries Ltd., (NYSE:TEVA) reported today that ISS Proxy Advisory Services, the leading U.S. independent proxy advisory firm, recommended that shareholders vote in favor of all Teva nominees for director...
Benzinga  Jul 14  Comment 
Endurance Specialty Holdings Ltd. ("Endurance") (NYSE: ENH) today commented on the recommendations by proxy advisory service Institutional Shareholder Services ("ISS") regarding its two shareholder proposals in connection with Endurance's...
The Hindu Business Line  Jul 14  Comment 
The private spacecraft Cygnus launched on Sunday from a space pad in the US state of Virginia, carrying provisions for the orbiting space station crew and other freight. NASA said Cygnus...




 
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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