iGate’s Q2 Results

iGate Global Solutions’ net profit surged 124.33% to Rs 23.78 crore on 0.25% rise in sales to Rs 187.86 crore in Q2 September 2007 over Q2 September 2006.

iGate is a subsidiary of iGate Corp, a Nasdaq-listed company. Its services include consulting, enterprise data management and data warehousing, business intelligence and analytics, design, development, system integration, package evaluation and implementation, re-engineering and maintenance.

The scrip had underperformed the market in the one-month to 8 October 2007, adding 5.66% as against the Sensex’s 12.19% gain. It had also underperformed the market in the past three months, declining 11.01% against the Sensex’s 16.53% rise.

The small-cap software firm has an equity capital of Rs 12.66 crore. Face value per share is Rs 4.