iGate Q4 net profit jumps 110% to USD 32.2 mn, rev growth marginal
PTI: New York, Jan 17 2013, 21:07 IST
from USD 51.5 million in 2011.
Its revenues for the full year rose 38 per cent to USD 1.07 billion from USD 779.6 million in previous fiscal.
"The company added 14 new customers during the fourth quarter, including seven Fortune 1,000 companies," Murthy added, adding that the order pipeline is looking strong.
iGate added 1,021 employees during the year, taking its headcount to 27,554 people.
As of December 31, the company's cash/investment stood at over USD 600 million, Sircar added.
At the end of 2012, iGate's total debt stood at USD 1.1 billion, including a long-term loan of USD 770 million through US bonds and a short-term loan of USD 265 million from a Singapore bank.
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