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DailyFinance  Sep 11  Comment 
Quartet Merger Corp. ("Quartet") (NASDAQ:QTET, QTETU) announced today that Institutional Shareholder Services ("ISS"), an independent proxy voting and corporate governance advisory firm, recommends that Quartet's shareholders...
The Hindu Business Line  Sep 9  Comment 
In a move to monitor our planet better, NASA is adding a number of Earth-observing instruments to the International Space Station (ISS) that will increase the leverage of the orbital laboratory’s...
The Hindu Business Line  Sep 7  Comment 
Researchers have flight-tested new sharp-eyed mini robots that will protect the International Space Station (ISS) from potentially damaging space junk and help repair defunct satellites.The...
Benzinga  Sep 6  Comment 
Image Sensing Systems, Inc. (Nasdaq: ISNS), the industry leading developer of above ground detection sensors and solutions; and NuPark LLC, an innovative provider of LPR (license plate recognition) focused parking solutions, announced today that...
Wall Street Journal  Sep 5  Comment 
Institutional Shareholder Services has recommended against Chiquita Brands International's deal to buy Dublin-based Fyffes.
DailyFinance  Sep 2  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 09/02/14 -- Tuckamore Capital Management Inc. (TSX:TX) (TSX:TX.DB.B) ("Tuckamore" or the "Company") is pleased to announce that Glass, Lewis & Co., LLC ("Glass Lewis") and Institutional Shareholder Services...
Forbes  Aug 23  Comment 
A privately-operated rocket will carry supplies to the International Space Station.
The Hindu Business Line  Aug 22  Comment 
NASA is planning to send rats to the International Space Station (ISS) for a longer duration of up to three months to better understand the long-term effects of micro-gravity on living organisms.
DailyFinance  Aug 18  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 08/18/14 -- TD Sponsored Companies Inc. announced today that both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis have recommended that shareholders of TD Split Inc....




 
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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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