HomeNewsBusinessEarningsiGATE targets 25% EBITDA for Patni-iGATE entity in 2 years
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iGATE targets 25% EBITDA for Patni-iGATE entity in 2 years

Phaneesh Murthy, CEO, IGATE says, currently, Patni is roughly 600 basis points lower than iGATE in gross margins and in earnings before interest, taxes, depreciation and amortization (EBITDA). “Our goal in two years is to get the combined company (Patni-iGATE entity) upto 40-41% growth margin and 25% EBITDA,” he adds.

May 06, 2011 / 12:44 IST
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iGATE GLOBAL Solutions has announced its first quarter ended March 31, 2011 results.

Its revenues for first quarter ended 31st March 2011 increased 31% to USD 75.8 million from USD 57.9 million in the first quarter 2010. In an interview with CNBC-TV18
TAGS: #iGATE Global Solutions #Phaneesh Murthy #Results Boardroom
first published: May 5, 2011 09:30 pm

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