Last €37.16 EUR
Change Today +1.49 / 4.18%
Volume 0.0
As of 1:03 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

igate corp (MS4) Snapshot

Open
€36.87
Previous Close
€35.67
Day High
€37.29
Day Low
€36.83
52 Week High
02/27/15 - €37.29
52 Week Low
03/27/14 - €20.80
Market Cap
3.0B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
80.9M
EX-Date
02/24/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IGATE CORP (MS4)

igate corp (MS4) Related Businessweek News

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igate corp (MS4) Details

iGATE Corporation, through its subsidiaries, provides information technology (IT) and IT-enabled operations offshore outsourcing solutions and services to large and medium-size organizations. It offers IT services, including application development, application maintenance, business intelligence and analytics, cloud, business process outsourcing, engineering design, enterprise application solution, enterprise mobility, infrastructure management, product and engineering solutions embedded systems, and product verification and validation services. The company serves various industries, such as insurance and healthcare, life sciences, manufacturing, banking, financial services, business administrative services, data management services, product and engineering solutions, retail, consumer packaged goods, communications, energy, utility, media and entertainment. It has operations in India, Canada, the United States, Belgium, Denmark, France, Finland, Italy, Germany, Ireland, the Netherlands, Sweden, Switzerland, Slovakia, the Czech Republic, Luxembourg, Mexico, Hungary, Singapore, Malaysia, Japan, Australia, the United Arab Emirates, South Africa, China, Mauritius, and the United Kingdom. The company was formerly known as iGATE Capital Corporation and changed its name to iGate Corporation in March 2002. iGATE Corporation was founded in 1986 and is headquartered in Bridgewater, New Jersey.

32,618 Employees
Last Reported Date: 02/9/15
Founded in 1986

igate corp (MS4) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $407.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $157.0K
Head of Banking & Financial Services, North A...
Total Annual Compensation: $649.2K
Global Head of Strategic Deals Team and Execu...
Total Annual Compensation: $568.9K
Chief People Officer and Executive Vice Presi...
Total Annual Compensation: $150.1K
Compensation as of Fiscal Year 2013.

igate corp (MS4) Key Developments

iGATE Corporation Announces the Resignation of Prashanth Idgunji as Chief Accounting Officer, Effective February 13, 2015

On February 2, 2015, Prashanth Idgunji announced his resignation as Chief Accounting Officer of IGATE Corporation effective February 13, 2015. Mr. Idgunji is also the company's principal accounting officer. The company expects that, following the Effective Date, Sujit Sircar, the company's current Executive Vice President and Chief Financial Officer, will serve as the company's principal accounting officer.

iGATE Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Tax Rate Guidance for 2015

iGATE Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s revenues were $331,497,000 compared to $299,333,000 a year ago. Income from operations was $46,775,000 against $59,033,000 a year ago. Income before income taxes was $46,913,000 against $39,023,000 a year ago. Net income attributable to the company common shareholders was $32,836,000 compared with $24,853,000 in the fourth quarter of 2013. Diluted loss per share was $0.63 against earnings per share of $0.30 a year ago. Adjusted EBITDA was $62,347,000 compared with $74,653,000 in the fourth quarter of 2013. Non-GAAP net income attributable to company common shareholders was $43,079,000 or $0.52 per diluted share compared with $39,669,000 or $0.49 per diluted share a year ago. CapEx for the quarter was $22 million. The company generated cash from operating activities of $152 million in the quarter. For the quarter, GAAP EBITDA was $57.4 million. For the year, the company’s revenues were $1,268,222,000 compared with $1,150,925,000 a year ago. Income from operations was $1,268,222,000 against $1,150,925,000 a year ago. Income before income taxes was $146,721,000 against $180,210,000 a year ago. Net Income attributable to the company common shareholders was $79,258,000 compared with $97,875,000 a year ago. Diluted loss per share was $0.01 against earnings per share of $1.21 a year ago. Adjusted EBITDA was $276,364,000 compared with $284,768,000 for the year ended December 31, 2013. Non-GAAP net income was $161,514,000 or $1.96 per diluted share compared with $150,334,000 or $1.88 per diluted share a year ago. CapEx for the year was $92 million. The net debt as of that was $494 million. The company generated cash from operating activities of $137 million for the full year. GAAP EBITDA was $258.7 million. The company expects effective tax rate to return to 30% levels in the earlier quarters of this year.

iGATE Corporation to Report Q4, 2014 Results on Jan 20, 2015

iGATE Corporation announced that they will report Q4, 2014 results on Jan 20, 2015

 

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Industry Analysis

MS4

Industry Average

Valuation MS4 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 6.7x
Price/Cash Flow 23.3x
TEV/Sales 2.0x
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