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
Lyft announced the launch of luxury black car service, Lyft Lux and Lux SUV, in comparison to black luxury car services that rival Uber originally launched with. With Lyft Lux, passengers will be able to book a black car or luxury black SUV from the Lyft app. The two premium ride hailing options... Kik Interactive Inc., the parent of chat app Kik, said it will launch a new cryptocurrency or token called Kin for use in everyday digital services, such as chat, social media and payments. Kik said it has decided to propose a new ecosystem of digital services that will be truly open and decentralized, and will start with a new cryptocurrency. Several companies have pulled advertisements from Sean Hannity's Fox News show after he continued to promote a conspiracy theory about Democratic National Committee staffer Seth Rich's death. Hannity has come under fire for spreading a conspiracy theory linking Rich's killing to Wikileaks.
comments powered by Disqus
Follow RTT