UPDATE: iGate Posts Upbeat Q1 Profit
iGate Corp (NASDAQ: IGTE) reported a better-than-expected first-quarter profit.
iGate's quarterly net income attributable to common shareholders climbed to around $17 million, or $0.22 per share, versus $15.2 million, or $0.22 per share, in the year-ago period. Excluding one-time items, iGate earned $0.38 per share. Its revenue climbed to $263.3 million.
Analysts were expecting an adjusted profit of $0.32 per share on revenue of $270.3 million.
iGate shares closed at $17.17 yesterday.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.