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DailyFinance  4 hrs ago  Comment 
Filed under: News, Space Astronauts aboard the ISS are gifted with a view that offers myriad opportunities for capturing especially striking images of Earth. NASA recently shared one of those photos, a picture that shows the beauty and...
Forbes  Dec 8  Comment 
VideoThe movie Passengers doesn’t hit theaters for another couple weeks, but the crew aboard the International Space Station can watch it early. The movie revolves around a mission to send humans to inhabit an exoplanet orbiting another star, so...
Forbes  Dec 7  Comment 
Do astronauts ever skip a day of exercise while on the ISS? This question was originally answered on Quora by Clayton C. Anderson.
Reuters  Dec 6  Comment 
* Received a receipt for its final non-offering prospectus in connection with qualifying acquisition
The Economic Times  Dec 5  Comment 
TCS, which contributes a close to bulk of the group revenue and close to 85 per cent of profit, was the first one where Tata Sons replaced the chairman by removing Mistry.
Forbes  Nov 29  Comment 
What do humans do on the ISS that could not be done by machines? This question was originally answered on Quora by Robert Frost.
The Australian  Nov 24  Comment 
The miner has slammed proxy adviser ISS Governance after a protest vote fell just short of 25 per cent.
Forbes  Nov 8  Comment 
Can astronauts cast their vote from the International Space Station (ISS)? This question was originally answered on Quora by Clayton C. Anderson.
TechCrunch  Nov 7  Comment 
 If you could print something out aboard the International Space Station, what would it be? That was the question posed to engineers and enthusiasts in the ISS Design Competition, and the winner — a clever and powerful device for launching...




 
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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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