China Tracker - Details for HiSoft Technology International (HSFT)


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 HiSoft Technology International
Shares Outstanding (MRQ): 32.50 mill 
New Shares / Dilution (TTM): 10.16 mill45.47%
Cash (MRQ): 128.24 mill0.00%
Account Receivables (MRQ): 44.66 mill0.00%
Account Receivables (Q/Q): + 0.90 mill2.05% 
Long-Term Debt (MRQ): 1.65 mill0.00%
Revenue Growth (Q/Q): 4.28% 
Revenue Growth (Y/Y): 45.11%
Net Income Growth (Q/Q): 50.08% 
Net Income Growth (Y/Y): 9.15% 
EPS Growth (Y/Y): -24.97%
Net Margin (Q/Q): 10.3% (7.1%)3.10% 
Net Margin (Y/Y): 10.3% (13.6%)-3.40% 
EPS | P/E (2 MRQ Projection): $0.470.00 
CFPS | P/CF (2 MRQ Projection): $0.170.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Deloitte Touche
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2012-10-21): $1.450.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2010-06-30 
IPO Price: $10.00 (-100.00% since IPO)

 Business Outlook

Our confidence in the growth of our business is reflected in our decision to increase full year 2011 top- and bottom-line guidance. In the second quarter, we experienced positive pricing action on contracts signed with some significant clients. Another positive trend in the second quarter was the quicker than expected recovery of our Japan business as more companies in Japan are seeking outsourcing services.

For the third quarter 2011, based on current market and operating conditions and current book orders, the Company expects net revenues to be in the estimated range of US$56 million to US$57 million, representing an expected growth rate of between 44.1% to 46.7% year-over-year, and non-GAAP diluted earnings per ADS to be in the estimated range of US$0.22 to US$0.23, excluding foreign currency exchange gains or losses. This represents an expected growth rate of between 4.8% to 9.5% year-over-year, based on 32.6 million weighted average ADSs outstanding.

For the full year 2011, based on current market and operating conditions and current book orders, the Company raises its top- and bottom-line guidance as follows: Net revenues to be at least US$212 million, representing an expected growth rate of at least 44.6% year-over-year. Non-GAAP diluted earnings per ADS to be in the estimated range of US$0.80 to US$0.84, excluding foreign currency exchange gains or losses. This represents an expected growth rate of between 14.3% to 20.0% year-over-year, based on 32.3 million weighted average ADSs outstanding.

(Source: PR Newswire, 2011-08-15)

HiSoft Technology announced today that it has acquired 100% of the equity interests in Nouveon Technology Partners, a provider of value-driven IT and process consulting services. Under the terms of the agreement, HiSoft will pay an initial consideration of US$5.5 million in cash with additional contingent consideration to be paid based on Nouveon's financial performance over the next two years. The combination of Nouveon's domain expertise and HiSoft's global offshore delivery capabilities creates a uniquely powerful value proposition for clients. Founded in 2003 by T.J. Eberle and a team of industry consultants, Nouveon is an established provider of value-driven IT and process consulting services to Fortune 500 companies. Based in Charlotte, North Carolina, Nouveon delivers results-oriented work to clients across the United States with domain expertise primarily in the financial services and energy sectors.

HiSoft plans to use the Company's cash to fund the acquisition. Nouveon President T.J. Eberle together with key members of the existing Nouveon management team will remain with Nouveon after the acquisition. HiSoft will grant them employee incentive stock awards under HiSoft's recently adopted 2011 Equity Incentive Plan in order to retain and align their services with HiSoft. The Company expects the transaction to be accretive to earnings beginning in 2012.

(Source: PR Newswire, 2011-07-08)

For the second quarter 2011, based on current market and operating conditions the Company expects: Second quarter 2011 net revenues to be at least $47.0 million dollars, representing an expected growth rate of at least 35.5% year-over-year. Second quarter 2011 non-GAAP diluted earnings per ADS to be in the range of $0.17 to $0.18, representing a negative growth rate of between 25.0% and 29.2% year-over-year, based on approximately 32.5 million weighted average ADSs outstanding.

For the full year 2011, based on current market and operating conditions, the Company re-confirms its previous guidance as: Full year 2011 net revenues expected to be at least $194.5 million dollars, representing a growth rate of at least 32.7% year-over-year. Full year 2011 non-GAAP diluted earnings per ADS to be in the range of $0.76 to $0.80, representing an expected year-over-year growth rate to be in the range of 8.6% to 14.3%, based on 32.8 million weighted average ADSs outstanding.

(Source: PR Newswire, 2011-05-23)

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 Analyst Coverage (show more)
2011-08-16JefferiesReiterationBuy$18.00
2011-08-12SusquehannaReiterationPositive$25.00
2011-08-10Stifel NicolausReiterationBuy$20.00
2011-07-22Cowen & Co.ReiterationOutperformn/a
2011-07-11Stifel NicolausReiterationBuy$28.00

HSFT is currently followed by 9 analysts. 6 give the stock a positive rating, 3 rate it neutral and 0 give it a negative rating. The average price target is 21.86.


    see all Analyst Ratings
HSFT
Software
SCORE
1
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH SAFETY
DETAILS: Safety/Risk Model for HSFT
Current Price:  n/a
F10k Day (2010-06-30): -100.00%$10.40
2010 Close: -100.00%$30.20
2011 Close: -100.00%$9.23
High (2012-05-11): -100.00%$16.18
Low (2012-10-12): -100.00%$9.43
Exchange:
Market Capitalization: n/a
Total Shares: 32.50 mill
Float: n/a
Avg Volume: 192.00 k
Short Interest: 3.84 mill
Short Ratio: 4.74%20.0 d
Last Quarter: 2011-03-31
Revenue (MRQ): 44.31 mill
Net Income (MRQ): 4.55 mill
Op. Cash Flow (MRQ): 0.20 mill
all financial data provided without warranty