logo
Share SHARE
FONT-SIZE Plus   Neg

ISoftStone Holdings Q1 Profit Decreases - Quick Facts

iSoftStone Holdings Ltd. (ISS: Quote) 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
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
Follow RTT