iSoftStone Holdings Ltd. (ISS) reported higher fourth-quarter net income of $7.7 million, versus $2.3 million last year. Non-GAAP net income was $11.2 million both in the current quarter and in the prior-year period, the company added.
For the recent period, earnings per American Depositary Share or "ADS" were $0.13, compared with $0.04 in 2011. Each ADS represents 10 ordinary shares. Fourth-quarter 2012 non-GAAP earnings per ADS remained flat at $0.19.
Quarterly net revenues increased 21.4% to $104.2 million, from $85.8 million in the 2011 fourth quarter.
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