On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
55° Feels Like: 55°
Wind: SSW 0 mph Past 24 hrs - Precip: 0.17”
Current Radar for Zip

Tonight

Partly Cloudy 51°

Tomorrow

PM Thunderstorms 76°

Thurs Night

Scattered Thunderstorms 61°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

IGate's quarterly results beat estimates

A view shows the Indian headquarters of iGate in the southern Indian city of Bangalore February 4, 2013. REUTERS/Stringer
A view shows the Indian headquarters of iGate in the southern Indian city of Bangalore February 4, 2013. REUTERS/Stringer

(Reuters) - Outsourcing company iGate Corp reported better-than-expected results for the first quarter, helped by customer additions and contract wins.

Net income attributable to common shareholders was $23.3 million, or 29 cents per share, in the quarter ended March 31 compared with $27.1 million, or 34 cents per share, a year earlier.

Excluding items, the company earned 45 cents per share.

Analysts had expected 41 cents per share, according to Thomson Reuters I/B/E/S.

IGate's revenue rose 10 percent to $302.2 million. Analysts had expected $300.8 million.

The company added nine customers in the quarter.

(Reporting by Soham Chatterjee in Bangalore; Editing by Kirti Pandey)

Comments