IT services company iGate Corporation announced on Thursday that its earnings in the year ending December 2014 amounted to $1.15 billion, an 7.2 per cent cent higher than in the previous year. The company, which follows the calendar year for its financial reporting, made a net profit of $129.8 million, 35.5 per cent higher than in the previous year.
Ashok Vemuri, President and Chief Executive Officer, said, the company’s objective of “regrouping” the organisation into “vertical-based business units” would move the company closer to its customers. He said iGate is poised for faster growth in the current year.
The company’s operating margin improved by 10 per cent in 2013. It added nine new customers during the fourth quarter and had a workforce of 29,733 employees at the end of 2013.
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