iGATE Corp. (IGTE) reported that its first-quarter net income attributable to common shareholders rose to $27.14 million or $0.34 per share, from $16.97 million or $0.22 per share in the same quarter last year.
Non-GAAP Net income attributable to common shareholders was $39.86 million or $0.51 per share up from $29.00 million or $0.38 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter rose to $274.92 million from $263.26 million in the prior year quarter. Eight analysts had consensus revenue estimate of $271.85 million for the quarter.
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