iGATE Q3 net up 17% on highest volume growth

Written by fe Bureau | Bangalore | Updated: Oct 16 2014, 05:50am hrs
The New Jersey-headquartered iGATE on Wednesday reported a net income of $37.3 million on a revenue of $322.8 million for the quarter ended September 30, riding on the highest volume growth of 3.8% in its history. Net income rose 17% from $31.9 million a year earlier.

The Nasdaq-listed company reported a 3.5% sequential rise in revenue, up from $311.7 million in Q2 FY14 to $322.8 million in the third quarter and plans to put in place a large strategic deals team.