iGATE Global to sell clinical research business

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iGATE Global to sell clinical research business

iGATE Global has set up a service delivery center in the city of Ballarat, State of Victoria, Australia.

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ALSO READ News and Notices about iGATE Solutions See interviews with iGATE Solutions Management See what other Experts & Brokerages are saying about iGATE Solutions See previous Results of iGATE Solutions iGATE Solutions BSE | NSE 01/01/70 Are Mutual Funds betting on iGATE Solutions?

Key takeaways from iGATE Global Solutions' concall

• It has set up a service delivery center in the city of Ballarat, State of Victoria, Australia.
• It has announced its plan to sell its Clinical Research business.
• Net employees added during the quarter is 307 taking the total to 6,566 as of March 31, 2008 in iGATE Solutions segment. The company is trying to control average cost of employee.  
• 7 new customers added during the quarter in iGATE Solutions segment. Bill rate has gone up marginally.
• During the quarter, iGATE repurchased 1.6 million shares for $15.8 million of its subsidiary, iGATE Global Solutions ("iGS) as part of delisting it from Indian stock exchanges, increasing iGATE's total shareholding in the company to 98.2%.
• The company was included in 2008 Global Services 100 list.

For further details, listen to concall....