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.