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Forbes  Feb 28  Comment 
The first Iranian in space also spent $20 million of her own money to fly to the ISS. With Elon Musk's announcement this week of a possible $100-million private lunar flight in 2018, her words are poignant.
Yahoo  Feb 27  Comment 
TORONTO/NEW YORK (Reuters) - Milestone Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C$1.7 billion ($1.3 billion), is in talks with the U.S. private investment firm about raising its...
TechCrunch  Feb 23  Comment 
 SpaceX’s Dragon spacecraft, which launched on Sunday and is filled with 5,500 pounds of supplies and experiment materials for the crew of the International Space Station has successfully docked. The Dragon craft had missed its first attempt at...
TechCrunch  Feb 22  Comment 
 A GPS error prevented SpaceX’s Dragon supply ship from mating with the ISS early this morning. The craft was less than a mile away from the space station when the docking had to be aborted. NASA stated the Dragon craft and the ISS crew are...
TechCrunch  Feb 19  Comment 
 Update: Success all around for today’s SpaceX mission! Sunday seems like a fine day to launch a rocket into space. Yesterday, SpaceX rescheduled the CRS-10 mission. There was an issue with the the positioning of an engine nozzle that’s...
The Hindu Business Line  Feb 19  Comment 
Astronauts aboard the International Space Station (ISS) have harvested the first crop of Chinese cabbage after spending nearly a month tending to the leafy greens, according to NASA. While the spa...
TechCrunch  Feb 18  Comment 
 Update: SpaceX aborted the launch with 13 seconds to go, citing the issue with the positioning of an engine nozzle that’s responsible for steering the rocket in the second stage as the cause. The company said it was exercising “an abundance...
TechCrunch  Feb 8  Comment 
 SpaceX has a new date for its next launch – February 18, when it’s hoping to make its first launch from NASA’s Kennedy Space Center at pad LC-39A. The first launch from the Florida facility was originally set for January 29, and was set to...
TechCrunch  Feb 6  Comment 
 The International Space Station will get a first commercially funded airlock, created by supplier NanoRacks in partnership with Boeing, with a planned launch and integration timeframe of 2019. The commercial airlock is designed to support...
Forbes  Jan 30  Comment 
Proton M rocket remains grounded as Russia investigates alleged shoddy workmanship following ISS cargoship explosion last November.




 
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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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