UPDATE: iGate Profit Beats Street View
iGate (NASDAQ: IGTE) 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.
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