Key Developments: iSoftStone Holdings Ltd (ISS)

ISS on New York Consolidated

5.50USD
11 Jul 2014
Price Change (% chg)

$0.00 (+0.00%)
Prev Close
$5.50
Open
$5.50
Day's High
$5.50
Day's Low
$5.48
Volume
384,037
Avg. Vol
115,437
52-wk High
$5.55
52-wk Low
$4.66

Search Stocks

Latest Key Developments (Source: Significant Developments)

Isoftstone Holdings Ltd gives Q2 2014 guidance
Monday, 9 Jun 2014 09:29pm EDT 

Isoftstone Holdings Ltd:Expects Q2 2014 net revenues to be at least $132 million.Expects Q2 2014 net income to be at least $4.2 million.Expects Q2 2014 non-GAAP net income to be at least $6.5 million.Expects Q2 2014 non-GAAP diluted earnings per ADS to be at least $0.09.  Full Article

Isoftstone Holdings Ltd announces resignation of CFO
Tuesday, 22 Apr 2014 08:06am EDT 

Isoftstone Holdings Ltd:Says Xiaosong Zhang (Jonathan) has notified the company of his intent to resign as the company's Chief Financial Officer.Following Zhang's resignation, Cheng Zhang (Charles), iSoftStone's vice president & controller, will serve as acting Chief Financial Officer until a successor CFO has been appointed.  Full Article

Isoftstone Holdings Ltd gives Q1 2014 guidance
Tuesday, 22 Apr 2014 08:06am EDT 

Isoftstone Holdings Ltd:Expects Q1 2014 net revenues to be at least $122 million.Expects Q1 2014 net income to be at least $0.2 million.Expects Q1 2014 non-GAAP net income to be at least $2.2 million.Expects Q1 2014 non-GAAP diluted earnings per ADS to be at least $0.04.  Full Article

Isoftstone Holdings Ltd enters into definitive merger agreement for going private transaction
Friday, 18 Apr 2014 04:33pm EDT 

Isoftstone Holdings Ltd:Enters into definitive agreement and Plan of Merger with New iSoftStone Holdings Limited (Parent) and New iSoftStone Acquisition Limited.Pursuant to which Parent will acquire iSoftStone for $0.57 per ordinary share.Or acquires at S$5.70 per american depositary share, each representing ten shares.Immediately after the completion of the Transaction, Parent will be beneficially owned by Tianwen Liu, the Chairman and Chief Executive Officer of the company.  Full Article

Isoftstone Holdings Ltd gives Q4 2013 earnings guidance below analysts' estimates
Tuesday, 26 Nov 2013 07:02am EST 

Isoftstone Holdings Ltd:Sees Q4 2013 net revenue to be at least $120 mln.Sees net loss to be at most $7.0 mln.Sees Non-GAAP net loss to be at most $3.0 mln.Sees Non-GAAP diluted earnings per ADS to be at most a loss of $0.05.Q4 2013 revenue of $123 mln, net income of $3.35 mln and EPS of $0.06 - Thomson Reuters I/B/E/S Estimates.  Full Article

Isoftstone Holdings Ltd Announces Receipt of Revised Offer To Acquire Company At $5.45 Per ADS
Monday, 4 Nov 2013 06:54am EST 

Isoftstone Holdings Ltd announced that announced that the independent committee of its board of directors (the Independent Committee) has received a revised offer (the Offer), dated November 2, 2013, from a consortium (the Consortium) consisting of Mr. Tianwen Liu, the Chief Executive Officer and the chairman of the board of directors of the Company, ChinaAMC Capital Management Limited (ChinaAMC), an alternative investment platform and an affiliate of China Asset Management (Hong Kong) Limited, and Accurate Global Limited, Advance Orient Limited and CSOF Technology Investments Limited, to acquire all of the Company's outstanding ordinary shares not currently owned by the Consortium for $0.545 per ordinary share or $5.45 per American depositary share (ADS, each representing ten ordinary shares of the Company) in cash (the Transaction), subject to certain conditions. The Offer adjusted down the proposed price of $0.585 per ordinary share or $5.85 per ADS in the non-binding proposal received by the Company's board of directors from Mr. Liu and ChinaAMC on June 6, 2013.  Full Article

Isoftstone Holdings Ltd Signs Strategic Partnership Agreement with Excipio
Monday, 21 Oct 2013 07:55am EDT 

iSoftStone Holdings Limited has announced a partnership with Excipio to improve technology-related decisions. Excipio will leverage iSoftStone's technical and architectural capabilities in cloud computing, BI, mobile and Internet technologies to build upon Excipio's offerings in its solution suites.  Full Article

Isoftstone Holdings Ltd Issues Q3 2013 Earnings Guidance; Revenue Guidance Below Analysts' Estimate
Tuesday, 27 Aug 2013 07:44am EDT 

Isoftstone Holdings Ltd announced that for the third quarter of fiscal 2013, it expects net revenues to be at least $115 million, net loss to be at most $1.2 million, Non-GAAP net income to be at least $2.3 million, Non-GAAP diluted earnings per ADS to be at least $0.04. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $122 million for the third quarter of fiscal 2013.  Full Article

Isoftstone Holdings Ltd Announces Receipt Of Non-Binding Proposal To Acquire at $5.85 per American Depositary Share-Reuters
Thursday, 6 Jun 2013 09:00am EDT 

Reuters reported that Isoftstone Holdings Ltd announced that its Board of Directors has received a preliminary non-binding proposal letter, dated June 6, 2013, from Mr. Tianwen Liu, the Company's CEO and the chairman of its Board of Directors, and ChinaAMC Capital Management Limited, an alternative investment platform incorporated under the laws of the Cayman Islands and an affiliate of China Asset Management (Hong Kong) Limited, which in turn is a wholly owned subsidiary of China Asset Management Co., Ltd. (collectively, the Buyer Group). According to the proposal letter, the Buyer Group is interested in acquiring all of the Company's outstanding ordinary shares, including ordinary shares represented by the Company's American depositary shares or ADSs (each representing ten ordinary shares of the Company), at a price of $0.585 in cash per ordinary share or $5.85 in cash per ADS. The Buyer Group's proposal letter states that it intends to finance the proposed transaction with a combination of debt and equity capital. Furthermore, the proposal letter specifies that the Buyer Group's proposal constitutes only a preliminary indication of its interest, and is subject to negotiation and execution of definitive agreements relating to the proposed transaction. A copy of the proposal letter is attached hereto as Exhibit A.  Full Article

Isoftstone Holdings Ltd Issues Q2 2013 Revenue Outlook; Mixed Q2 2013 Earnings Outlook; Raises FY 2013 Outlook
Friday, 17 May 2013 06:40am EDT 

Isoftstone Holdings Ltd announced that for second quarter of 2013, it expects net revenues to be at least $108 million, net income to be at least $4.8 million, Non-GAAP net income to be at least $8 million and Non-GAAP diluted earnings per ADS (EPS) to be at least $0.14. For fiscal 2013, it expects net revenues to be at least $467 million, net income to be at least $28 million, Non-GAAP net income to be at least $41 million and Non-GAAP diluted earnings per ADS to be at least $0.68. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $111 million, net income of $10.05 million and EPS of $0.12 for the second quarter of 2013; revenue of $463 million for fiscal 2013.  Full Article

Search Stocks