UPDATE: iGate Profit Beats Street View

iGate

reported a 9% decline in its first-quarter profit. iGate's quarterly profit slipped to $31.6 million, or $0.29 per share, versus a year-ago profit of $34.8 million, or $0.34 per share. Excluding special items, it earned $0.45 per share. Its revenue climbed 9.9% to $302.2 million. However, analysts were expecting earnings of $0.41 per share on revenue of $301 million. iGate shares closed at $33.20 yesterday.