iGate Q2 net up at $12.7 m

Nasdaq-listed IT firm iGate said its net profit has surged over three-fold to US$12.7 million (around Rs 70 crore) for the second quarter ended June 30, 2012.

The company’s net profit stood at US$4 million in the same period of 2011, iGate said. iGate’s revenues jumped by 57.3 per cent to US$268 million in the April-June 2012 period from US$170.4 million in the quarter ended June 30, 2011. The numbers include the financials of Indian IT firm Patni Computer Systems, in which the US-based firm acquired a majority stake in January last year for US$1.2 billion.

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