iSoftStone Holdings Limited's (ISS) net income decreased $0.3 million or 9.9% to $3.0 million in the first quarter 2013 from $3.3 million in the first quarter 2012. Earnings per ADS were $0.05 in the first quarter 2013 and $0.06 in the first quarter 2012.
Non-GAAP net income for the quarter decreased $1.7 million or 23.8% to $5.6 million from $7.3 million last year. Non-GAAP earnings per ADS were $0.10 in the first quarter 2013 and $0.12 in the first quarter 2012.
Net revenues increased $9.5 million or 11.0% to $95.9 million in the first quarter 2013 from $86.3 million in the first quarter 2012, mainly due to strong demand for IT services from clients in Greater China, partially offset by lower demand from some global clients, primarily in Japan and the United States.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.09 per share on revenues of $93.93 million for the first-quarter. Analysts' estimates typically exclude special items.
For the second quarter 2013, the company expects net income to be at least $4.8 million, Non-GAAP net income of at least $8 million, and net revenues of at least $108 million. Analysts expect the company to report revenues of $111.02 million for the second-quarter.
For the year 2013, the company anticipates net income to be at least $28 million, non-GAAP net income of at least $41 million, and net revenues of at least $467 million. Analysts expect the company to report revenues of $463.28 million for fiscal 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.