iGATE
Corporation announced
its financial results for the fourth quarter and year ended December
31, 2013.
Ashok Vemuri, President and Chief Executive Officer, iGATE, said,
“I
am happy with the Company’s performance in 2013 and particularly
pleased with the nature of large deals signed during the year. We have
successfully finished
regrouping the organization into vertical-based business units that
bring in more industry knowledge and solutions, move us closer to the
customer, and increase the depth and accountability to the business. I
am confident that we are poised for a faster pace
of growth in 2014.”
Sujit Sircar, Chief Financial Officer, iGATE, said,
“I
am pleased with our growth in net income in 2013 while we continue to
deliver strong earnings per share. In order to better position us to
create more shareholder
value, we entered into a credit agreement during the fourth quarter and
expect this to lower our debt servicing cost and therefore better our
earnings and profitability from 2014.”
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