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iSoftStone's Q1 Loss Balloons Despite Revenue Growth; Shares Down 7%

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-- iSoftStone Information Technology (SHE:301236) posted first-quarter net loss attributable to shareholders of 349.9 million yuan, widening from a loss of 197.7 million yuan in the same period the previous year.

Loss per share ballooned to 0.35 yuan from 0.21 yuan, according to a filing with the Shenzhen bourse on Saturday

The IT service and consulting company's revenue, however, jumped 16% to 8.12 billion yuan from 7.01 billion yuan a year prior.

iSoftStone's shares slumped 7% in late-afternoon trade on Monday.

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