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iGate posts flat profit at $38 million, sees sequential decline in revenueThe firm has been hurt mainly by currency fluctuations that have also hit rivals such as Tata Consultancy Services and Infosys in the March...- iGate to sell bonds worth Rs 1,990 crore, use proceeds to repay debtiGate in a statement today said: "It intends to offer, subject to market and other customary conditions, $ 325 million in aggregate princip...
- Ashok Vemuri’s entry sparks top-level exodus at iGateOne source who has been close to iGate said most of those quitting were people who were close to Phaneesh Murthy, Vemuri's predecessor.
- iGate faces probe on any violation of Federal securities lawiGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.
- Sexual harassment charges against me false, an act of extortion: Phaneesh MurthyAccording to Murthy charges were filed by Araceli Roiz a few days ago. "I am not certain if the employee will file harassment charges in co...
- IT firm iGate revenues up 4%, Q1 net up 44% at $ 34.8 millionIT firm iGate today posted 44 per cent jump in net profit at $ 34.8 million for the first quarter ended March 31, 2013.
- Phaneesh Murthy's iGate story failed to impress analysts after Patni buyoutAnalysts say iGate has not only grown slower than overall IT industry but have also lost market share, taking a toll on Street's confidence...
- iGate promoters Sunil Wadhwani & Ashok Trivedi reduce stake by 3%, sell shares for Rs 147 croreThe two promoters together sold off a total of 15 lakh shares for about $ 27.4 million (Rs 147 crore) in an open market transaction.
- iGate Q2 net down 64% at $4 millionAcquisition costs dragged down profits of Nasdaq-listed iGate by 64% in the quarter ended June 30, 2011, to $4 million from $11.2 million i...
- Patni Computer slips into red with Rs 51.5 cr net loss due to severance payPhaneesh Murthy, CEO and MD of Patni, expects results to stabilise in 2012 after integration expenses and accounting charges related to acq...
- iGate completes acquisition of Patni ComputersNasdaq-listed IT services company iGate announced a new go-to-market brand called 'iGate Patni' with a leaner 9-member executive team.
- iGate shortlists Cognizant's veteran employee Debashis Chatterjee for COO rankCognizant's former employee Debashis had led its banking & financial services sector for over 7 yrs. After joining iGate, he may lead all v...
- iGate kicks off integration with Patni ComputersIndustry watchers say iGate might have to deal with high attrition and loss of clients and how it tackles this challenge will be key to suc...
- IGate beats Wall St estimates, Q4 net jumps 71%NASDAQ-listed iGATE beat Wall Street expectations by reporting a 71% jump in fourth quarter net income to $14.7 million and a 55% rise in r...
- iGate, Patni management get ready for integrationDeloitte has been appointed to advise on the best practices followed in integration of acquisitions, while Mercer will advise on the human ...
- iGate falls 11% after Patni dealNasdaq-listed IT services provider iGate Corp was hammered by US investors and its shares fell 11% following its announcement to buy larger...
- Delay in iGate-Patni Computer dealNasdaq-listed iGate, which was expected to announce the acquisition of a controlling stake in Patni Computer Systems at a media conference ...
- iGate to control Patni with 60% stake buyNasdaq-listed iGate Corporation will sign definitive agreements to buy a controlling stake in Patni Computer Systems on Monday.
- Patni Board to meet on Monday to approve sale to iGateiGate corporation will buy around 60% stake in the company from the founders and private equity investor General Atlantic.
- iGate set to acquire Patni Computer in $1 bn dealThe deal marks culmination of efforts made by promoters and PE firm General Atlantic to sell their stake in Patni since 2007.
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