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News >> Technology >>
iGate Global posts profit for Q1
By agencies
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Thursday, 14 July 2005, 19:30 IST
BANGALORE: iGate Global Solutions Ltd has announced the audited results for the first quarter 2005.
The company has posted a net profit of Rs 12.4 million for the quarter ended June 30, 2005 as compared to a net loss of Rs 35.4 million for the quarter ended June 30, 2004. Total income has increased from Rs 1.3 billion in Q1-05 to Rs 1.17 million for the first quarter 2005.
The Group has posted a net profit after tax & Minority Interest of Rs 14.2 billion for the quarter ended June 30, 2005 as compared to Rs 1 million for the quarter ended June 30, 2004. Total Income has increased from Rs 1.43 billion in Q1-05 to Rs 1.47 billion for the first quarter 2005.
Commenting on the results, Phaneesh Murthy, CEO, of the company said "The highlight of the quarter was the signing of a multi-year preferred supplier agreement with one of North America's premier financial services groups."
"Our client's corporate strategy is a validation of our premise that organizations will increasingly align technology and operations to focus on business outcomes. We will be working closely with their team to help them realize their iTOPS vision," Phaneesh added.