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View All NewsEarnings: iGate
iGate Corporation's (Nasdaq: IGTE) second-quarter revenue from continuing operations fell 17% year-over-year to $46.8 million. Revenue topped the consensus estimate of $44.4 million, according to Reuters Estimates. The Fremont, CA-based company's second-quarter gross margin increased to 38.2% from 35.3% in the corresponding quarter last year.
Net income for the quarter dropped 18% on a year-over-year basis to $6.1 million from $7.4 million.
The company earned $0.11 per share from continuing operations for the quarter, down from $0.13 per share from the same quarter last year, but exceeding the consensus estimate of $0.09 per share.
iGate Corporation (Nasdaq: IGTE)