iGate arm Q1 revenue soars 4% to $54.9 mn

iGate Corporation, an integrated technology and operations firm, today said its subsidiary "" iGate Solutions "" reported a revenue of $54.9 million from operations, an increase of 4 per cent for the first quarter of 2008.

Revenues for the quarter increased to $54.9 million compared with $47.9 million in the same period last year and $52.8 million in the previous quarter, iGate Corporation CEO Phaneesh Murthy said announcing its first quarter financial results under US GAAP for the three months ended March 31, 2008, in a statement.

Revenues for the quarter increased to $54.9 million compared with $47.9 million in the same period last year and $52.8 million in the previous quarter, iGate Corporation CEO Phaneesh Murthy said announcing its first quarter financial results under US GAAP for the three months ended March 31, 2008, in a statement.

Consolidated revenue from continuing operations stood at $79.8 million, a rise of 7 per cent from the same period last year, an increase of 1 per cent from the last quarter.

"iGATE Solutions business reported another good growth quarter. We added seven new customers this period," he said.