QUOTE AND NEWS
TechCrunch  Jul 20  Comment 
 Google Street View now lets you explore the International Space Station (ISS). This marks Street View’s first foray into space and gives those of us who will likely never get to visit the ISS a chance to explore all of its 15 modules. The new...
TechCrunch  Jul 19  Comment 
 During a talk at the ISS R&D conference on Wednesday, SpaceX CEO Elon Musk provided a number of updates about progress on the Falcon Heavy rocket, crewed Dragon capsule development and his vision for an eventual crewed mission to Mars with the...
TechCrunch  Jul 19  Comment 
 In a talk at the ISS R&D conference on Wednesday, Elon Musk shared some more insight into SpaceX’s path to fast and full rocket reusability. The company hopes to achieve its 24-hour turnaround window for used Falcon 9 rockets sometime next...
TechCrunch  Jul 17  Comment 
 Science can be cute as hell when it wants to be – take the JEM Internal Ball Camera (“Int-Ball” for short). The device, created by the Japan Aerospace Exploration Agency (JAXA), was delivered to the International Space Station on June 4,...
Forbes  Jul 12  Comment 
Sergey Volkov has flown on the ISS three times, once with Mark Kelly and, most recently, with Mark's twin brother, Scott.
TechCrunch  Jul 3  Comment 
 SpaceX has another historic achievement under its belt — being first to re-fly a commercial spacecraft to the International Space Station and back. The Dragon capsule it used on its most recent ISS resupply mission was used during a previous...
Cellular News  Jun 21  Comment 
PARIS andTeamViewer, a leading global software provider for digital networking and collaboration, today announced it has been working with the French National Space Agency, Centre National D'études Spatiales (CNES) on...
Benzinga  Jun 14  Comment 
Mouse sperm that works even after it’s been freeze-dried in space. Two-headed worms that grow back two heads after they’ve been beheaded. Crumbless bread as an interstellar edible. Fish subjected to water weightlessness just because. The...
Financial Times  Jun 12  Comment 
ISS and Glass Lewis support co-founder in battle over control of gold miner
Channel News Asia  Jun 12  Comment 
Influential proxy firm ISS on Monday urged shareholders of generic drugmaker Mylan NV to vote against most of the company's nominees to its board of directors, ahead of a shareholder meeting later this month.




 
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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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