Micron-Elpida Deal Approved and 2 Hot Stocks Changing Hands

iGate (NASDAQ:IGTE): Current Price $17.31

iGate (NASDAQ:IGTE) reports fourth quarter EPS of $0.47 which beats estimates by $0.07. However revenues of $271.6 million, which are up 1.5% year-on-year, miss by $0.54 million. Gross margin during the quarter was 40.6% compared to 40.3% in the year ago quarter. 14 new customers were acquired of which seven were Fortune 1000 companies. As of end 2012, the company had 27,554 employees.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!