logo
Share SHARE
FONT-SIZE Plus   Neg

ISoftStone Holdings Q1 Profit Decreases - Quick Facts

iSoftStone Holdings Ltd. (ISS) posted first-quarter net income of $3.3 million versus $5.2 million last year. Earnings per American Depositary Share, or ADS, were $0.06 compared to $0.09 a year ago.

Non-GAAP net income rose 19% to $7.3 million from $6.2 million in the first quarter of 2011. Non-GAAP earnings per ADS grew to $0.12 from $0.10 in the previous year.

Net revenues surged 51.7% to $86.3 million from $56.9 million in the prior year.

Analysts polled by Thomson Reuters expected the company to earn $0.13 per share on revenues of $79.52 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter of 2012, iSoftStone expects net income to be at least $4.3 million. Non-GAAP net income for the quarter is expected to be at least $8.2 million and non-GAAP earnings per ADS to be at least $0.14. Net revenues for the second quarter are anticipated to be at least $90 million. Analysts expect the company to earn $0.18 per share on revenues of $89.35 million for the quarter.

For 2012, the company expects net income to be at least $31 million. On a non-GAAP basis, net income is expected to be at least $45 million and earnings per ADS is expected to be at least $0.73. Net revenues in 2012 are expected to be at least $382 million. Analysts expect the company to earn $0.74 per share on revenues of $375.11 million for the year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT