iSoftStone Information Technology (Group) First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 09/01 00:58

iSoftStone Information Technology (Group) (SZSE:301236) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥12.5b (up 46% from 1H 2023).
  • Net loss: CN¥154.3m (down by 176% from CN¥202.6m profit in 1H 2023).
  • CN¥0.16 loss per share (down from CN¥0.21 profit in 1H 2023).
earnings-and-revenue-growth
SZSE:301236 Earnings and Revenue Growth September 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

iSoftStone Information Technology (Group) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are up 8.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for iSoftStone Information Technology (Group) you should know about.