IGATE Q1 Profit Declines; Revenue Up 10% - Quick Facts

(RTTNews) - iGATE Corporation (IGTE) reported that its first-quarter net income attributable to company decreased to $31.6 million from $34.8 million, previous year. Earnings per share were $0.29 compared to $0.34, last year. Non-GAAP earnings per share was $0.45 for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Adjusted EBITDA was $75.2 million compared to $65.5 million, a year ago.

Revenues were $302.2 million; an increase of 10% compared to $274.9 million in the first quarter of 2013. Analysts expected revenue of $300.82 million for the quarter.