iGATE (NASDAQ:IGTE) is the first Business Outcomes driven integrated Technology and Operations (iTOPS) solutions provider with a global delivery model. iGATE enables clients to optimize their business through a combination of process investment strategies, technology leverage and business process outsourcing and provisioning. Our unique business model aligns with the client’s strategic objectives to achieve operational efficiencies, increase cost variability and rationalize their current operating environment. iGATE has over 8,000 employees and 7 development centers in Australia, India, Japan, and Mexico. iGATE has offices in 17 countries and 4 continents. With industry expertise spanning 16 years, iGATE has developed the right solutions with its Business Outcomes driven approach for industry verticals – Banking, Insurance, Manufacturing, Retail, Health Care, Media & Entertainment and Telecom & Hi-Tech.
Third quarter highlights
- Revenues were $74.8 million compared to $49.1 million made in the corresponding quarter previous year
- Achieved 39.4% gross margin and 19.1% net margin
- Diluted earnings per share was $0.25, a 56.3% increase over the corresponding quarter previous year
- 8,278 employees as of September 30, 2010; net addition of 120 employees during the quarter
- 5 new customers added
- A dividend of 15 cents per common share, as a partial dividend for iGATE’s performance for the year.
- The dividend is payable December 28, 2010, to shareowners of record as of December 1, 2010.
- iGATE’s Board of Directors currently intends to declare a further cash dividend in the first quarter of 2011, subject to iGATE’s year-end results.
- Ranked third in Dataquest-IDC’s annual survey of top 20 Best IT Employers in India.
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