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TMCNet: iGate net income rises 34.6% to $24.1 m [Financial Express (India)]

[April 14, 2012]

iGate net income rises 34.6% to $24.1 m [Financial Express (India)]

(Financial Express (India) Via Acquire Media NewsEdge) Software company iGate Corp, which now operates under the brandname iGate Patni, on Friday said its net income for the quarter ended March 31 increased by 34.6% to $24.1 million compared to the corresponding period last year. The company, which follows a Jan-Dec fiscal year, said its revenues for the quarter increased by 247.4% to $ 263.3 million, from $75.8 million a year ago.

Earlier this week, Nasdaq-listed iGate had accepted minority shareholders' offer of R520 per share to delist Patni Computer Systems Ltd from the Indian stock exchanges. The firm had completed its acquisition of Patni a year ago.

Copyright 2012 The Indian Express Online Media Pvt. Ltd., distributed by Contify.com Credit: fe Bureau (c) 2012 The Indian Express Online Media Pvt. Ltd., distributed by Contify.com

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