iGate Global Solutions Ltd has announced the following Audited results for the quarter ended December 31, 2007:
The Company has posted a net profit of Rs 274.80 million for the quarter ended December 31, 2007 as compared to Rs 170.50 million for the quarter ended December 31, 2006. Total Income has increased from Rs 1957.90 million for the quarter ended December 31, 2006 to Rs 2008.00 million for the quarter ended December 31, 2007.
The Consolidated results are as follows:
The Group has posted a net profit of Rs 288.50 million for the quarter ended December 31, 2007 as compared to Rs 159.50 million for the quarter ended December 31, 2006. Total Income has increased from Rs 2105.90 million for the quarter ended December 31, 2006 to Rs 2127.20 million for the quarter ended December 31, 2007.
We are pleased that we are tracking well with our objective of delivering industry best-in-class growth in earnings. In addition, visibility of revenues is getting better and we are looking at another good sequential quarter, said Phaneesh Murthy, CEO, iGate Global Solutions.
The delisting process has largely been a smooth one. iGATE Corp now holds 93.44% of the outstanding capital of iGATE Global Solutions crossing the threshold of 90% comfortably through the reverse book building process. We have formally applied for delisting and expect approval shortly, he added.
The Company has posted a net profit of Rs 274.80 million for the quarter ended December 31, 2007 as compared to Rs 170.50 million for the quarter ended December 31, 2006. Total Income has increased from Rs 1957.90 million for the quarter ended December 31, 2006 to Rs 2008.00 million for the quarter ended December 31, 2007.
The Consolidated results are as follows:
The Group has posted a net profit of Rs 288.50 million for the quarter ended December 31, 2007 as compared to Rs 159.50 million for the quarter ended December 31, 2006. Total Income has increased from Rs 2105.90 million for the quarter ended December 31, 2006 to Rs 2127.20 million for the quarter ended December 31, 2007.
We are pleased that we are tracking well with our objective of delivering industry best-in-class growth in earnings. In addition, visibility of revenues is getting better and we are looking at another good sequential quarter, said Phaneesh Murthy, CEO, iGate Global Solutions.
The delisting process has largely been a smooth one. iGATE Corp now holds 93.44% of the outstanding capital of iGATE Global Solutions crossing the threshold of 90% comfortably through the reverse book building process. We have formally applied for delisting and expect approval shortly, he added.
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