iGate Global Solutions Ltd has announced the following Audited results for the quarter ended September 30, 2007:
The Company has posted a net profit of Rs 237.80 million for the quarter ended September 30, 2007 as compared to Rs 106.00 million for the quarter ended September 30, 2006. Total Income has increased from Rs 1869.30 million for the quarter ended September 30, 2006 to Rs 1908.30 million for the quarter ended September 30, 2007.
The Consolidated results are as follows:
The Group has posted a net profit of Rs 229.20 million for the quarter ended September 30, 2007 as compared to Rs 101.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 2023.40 million for the quarter ended September 30, 2006 to Rs 2035.10 million for the quarter ended September 30, 2007.
We have strengthened our management team with the induction of Hari Murthy as the new Head of Sales and Marketing. We closed the second quarter with a healthy order book giving us optimism for revenue growth. In addition, improved productivity and efficiency coupled with our differentiated iTOPS model helped us grow margins strongly said Phaneesh Murthy, CEO, iGATE Global Solutions.
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