May 05, 2004
iGATE Reports First Quarter Loss
From Yahoo:
"iGATE Corporation, a US-based global provider of IT and BPO services, today announced consolidated revenues of $77.3 million for the quarter ended March 31, 2004, a 4.5% increase compared with $73.9 million reported in the fourth quarter of 2003 and a 12.6% increase from $68.6 million in the same period a year ago.
"'The offshore services market is now recognized as an effective way to provide global organizations a distinct competitive advantage in a number of areas such as IT and transaction processing. We are excited and optimistic about iGATE's ability to take advantage of the long-term growth prospects in the offshore services market,' said Ashok Trivedi, iGATE Corporation's President and Co-Founder." Read More
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