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iGate profit doubles on higher margins

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 11:30 hrs

REUTERS - Outsourcing company iGate Corp posted a higher quarterly profit as margins rose but said delays in contract renewals slowed revenue growth.

Net income rose to $28.3 million, or 27 cents per share, in the third quarter, from $14.3 million, or 10 cents per share, a year earlier.

Revenue rose 2 percent to $271.1 million.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)

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