Saturday, April 14, 2012

EARNINGS WATCH: iGATE REPORTS ROBUST NUMBERS



The company reported good numbers for the first quarter of 2012.
Revenues for the first quarter of 2012 increased by nearly 248 per cent to USD 263.3 million from USD 75.8 million in the year-ago period.

Giving thumps up to the results, company's shares were up more than 10 percent on Friday morning.

iGATE, which recently had acquired Indian IT Company -Patni Computer Systems, now operates under the brand name iGATE Patni.
 
iGATE is offering Rs 520 per share to shareholders of Patni Computer Systems to get the company delisted from Indian stock exchanges.

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