IGate Q2 Update by Epic Research

Net income at USD 3.1 million versus USD 31.6 million (QoQ)



Q2 net income takes USD 51.8 million one-time debt charge



Revenue at USD 311.7 million versus USD 302.20 million (QoQ)



Non-GAAP EPS at USD 0.48 versus USD 0.45 (QoQ)



Adjusted EBITDA at USD 70 million versus USD 75.2 million (QoQ)



Gross margins at 36.6 percent versus 37.5 percent (QoQ)



IGATE added 9 new clients during Q2



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