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TechCrunch  Jun 30  Comment 
 While there were no humans on board and no accidents on the ground, the lost cargo contained over 4,000 pounds of food, water, and science experiments for the crew on station. William Gerstenmaier, NASA associate administrator for human...
Cloud Computing  Jun 26  Comment 
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever...
Reuters  Jun 24  Comment 
Institutional Shareholders Services, an influential proxy advisory firm, is advising its clients to reject a planned C$2 billion ($1.6 billion) sale of Pacific...
newratings.com  Jun 18  Comment 
WASHINGTON (dpa-AFX) - NASA said its astronauts Reid Wiseman and Barry "Butch" Wilmore will be making several stops in the Washington area next week to share with many audiences their experiences aboard the International Space Station...
Forbes  Jun 17  Comment 
Urthecast, an imaging startup in Vancouver, B.C., today released the first full-color HD video from the International Space Station, bestowing us terrans with gorgeous views of the Earth heretofore available only to astronauts and Jack Bauer...
TheStreet.com  Jun 15  Comment 
NEW YORK (The Deal) -- With the 2015 proxy season drawing to a close and a number of companies dealing with new faces in the boardroom because of activist campaigns, The Deal is already looking forward to 2016 to see which companies might be more...
newratings.com  Jun 11  Comment 
BRUSSELS (dpa-AFX) - Three crew members of the International Space Station (ISS) returned to Earth Thursday after a 199-day mission that included several spacewalks, technology demonstrations, and hundreds of scientific experiments spanning...
Reuters  Jun 10  Comment 
Proxy investment adviser ISS advised shareholder to vote against reelecting the heads of Japanese electronics firms Sharp Corp and Sony Corp , both mid-restructuring,...
TheStreet.com  Jun 6  Comment 
NEW YORK ( TheStreet) -- NASA has been contracting out multiple functions of its missions in space to companies like Boeing  and SpaceX to cut costs and increase efficiency. Blending the  public and private sectors has benefited space...
Clusterstock  Jun 3  Comment 
(Reuters) - Proxy adviser Institutional Shareholder Services (ISS) has recommended that Google Inc's shareholders withhold votes for all three directors on the company's compensation committee, saying "mega grants" provided to the executive...




 
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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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