Financial Daily from THE HINDU group of publications
Friday, Apr 15, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 15, 2005 |
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Corporate Results
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Software Info-Tech - Financial Performance iGate posts Rs 2 cr net in 4th quarter Our Bureau
Bangalore , April 14 IGATE Global Solutions has posted a net profit of Rs 2.2 crore for the fourth quarter of 2004-05 on revenues of Rs 145.6 crore. A company release said that for the same quarter in 2003-04, it posted a loss of Rs 5.6 crore on revenues of Rs 138 crore. Revenues for the entire fiscal rose by nearly two per cent to Rs 580 crore, while net profit was Rs 21.2 crore compared to Rs 0.08 crore for the previous financial year. "The past year was one of consolidation for us and we had mixed outcomes," said Mr Phaneesh Murthy, CEO.
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