Patni Computer Systems

Days before iGATE was acquired by French IT giant Capgemini, the US-based firm sold off its domestic infrastructure management services (IMS) operations to India‘s MindSquare Technologies for about USD 5 million.

12 Indian outsourcing cos among top global 100

As many as 12 Indian companies including Infosys, HCL Technologies and Wipro are among top 100 outsourcing companies in the world.

Patni Computer Q1 net falls 14% YoY to Rs 153 cr

Software services provider Patni Computer Systems' first quarter standalone net profit declined near 14% year-on-year to Rs 153 crore as expenses rose.

i-Gate approves Patni delisting at Rs 520; stk up

i-Gate has approved Patni Computer Systems delisting at Rs 520 per share, reports CNBC-TV18.

iGate accepts Patni delisting offer of Rs 520 per share

iGate accepted the discovered price of Rs 520 determined through a reverse book building process using the electronic facility of the BSE, in accordance with the SEBI Regulations.

iGate faces battle over Indian unit delisting plan

iGate Corp's plan to delist its Indian subsidiary has set the stage for a battle next week with shareholders, who fear that the price being offered to sell their shares in Patni Computer Systems is too low.

Patni delisting offer to open on Mar 28; stock gains 5.4%

Patni Computer Systems delisting offer will be open March 28 and end on March 30, reportsCNBC-TV18.

Patni Computer Dec '11 sales at Rs 616.45 crore

Patni Computer Systems has reported a sales turnover of Rs 616.45 crore and a net profit of Rs 149.97 crore for the quarter ended Dec '11

To focus on revenue growth model in '12: Patni

Patni Computer Systems reported a better-than-expected 75% sequential rise in consolidated net profit for the fourth quarter at Rs 146.15 crore, based on US-GAAP accounting standards.

Patni hits 52-week high on robust results

Patni Computer Systems, a subsidiary of i-Gate Corporation, has reported a consolidated net profit of Rs 200 crore in fourth quarter of calendar year 2011, showing massive growth of 139.5% as compared to Rs 83.5 crore in the previous quarter, as per Indian GAAP.

Patni Computer beats street; Q4 cons net up 75% QoQ

Patni Computer Systems, a subsidiary of i-Gate Corporation, has reported a consolidated net profit of Rs 200 crore in fourth quarter of calendar year 2011, showing massive growth of 139.5% as compared to Rs 83.5 crore in the previous quarter, as per Indian GAAP.

Patni Computer Q4 PAT seen up 55.7% at Rs 130 cr

Patni Computer Systems, a subsidiary of i-Gate Solutions, is likely to report a profit after tax of Rs 130 crore in the fourth quarter of CY11, a growth of 55.7% as compared to Rs 83.5 crore in the previous quarter.

May not delist Patni if deal not done at $215m: iGATE

In an interview with CNBC-TV18, Phaneesh Murthy the CEO of iGATE said they plan to arrange a debt facility of about USD 215 million to fund the share purchase.

Patni Computer surges 8%; iGATE initiates delisting process

Yesterday iGATE Corporation (iGATE) said that it has initiated the delisting of Patni Computer Systems, its Indian subsidiary, reports CNBC-TV18.

iGate plans to delist Patni Computer

US listed software company iGate said on Wednesday it plans to delist shares of its unit Patni Computer Systems to obtain full ownership of the company and intends to fund the acquisition of the shares through debt.

iGATE to launch process to delist Patni

iGATE Corporation (iGATE) today said that it has initiated the delisting of Patni Computer Systems, its Indian subsidiary, reports CNBC-TV18's Krithika Saxena.

Tulsian`s view on Patni Computer Systems

SP Tulsian, sptulsian.com shares his view on Patni Computer Systems. He won’t be surprised to see the offer price getting discovered at Rs 500, it will all depend on the market conditions and situation at that point of time.

Hold Patni Computer, says SP Tulsian

Hold Patni Computer Systems, says SP Tulsian, sptulsian.com.

Patni Computer Sept qtr net dips 37.51%, shares rise

Patni Computer Sept qtr net dips 37.51 pct, shares rise

Patni Computer up 13.8% on better Q3 numbers

Patni Computer Systems has posted Q3 consolidated net profit of Rs 90 crore as against loss of Rs 52 crore (QoQ, reports CNBC-TV18. It touched an intraday high of Rs 333.40 and an intraday low of Rs 285.05. At 14:37 hrs the share was quoting at Rs 332.20, up Rs 40.35, or 13.83%.

Patni Computer Q3 cons net profit at Rs 90 cr

Patni Computer Systems has announced its third quarter results. The company's Q3 consolidated net profit was at Rs 90 crore versus loss of Rs 52 crore, quarter-on-quarter, QoQ.

iGate Q2 profit beats Street on strong new customer adds

Software company iGate posted a second-quarter adjusted profit ahead of market estimates, helped by strong new customer additions.

Hold Patni Computer; target of Rs 300: PINC Research

PINC Research has recommended hold rating on Patni Computer Systems with a target of Rs 300, in its July 26, 2011 research report.

Patni bags order worth $30 mn; stock up

Patni Computer Systems has bagged order worth USD 30 million from Weyerhaeuser NR, reports CNBC-TV18. It touched an intraday high of Rs 344.50 and an intraday low of Rs 337. At 11:02 hrs the share was quoting at Rs 343.60, up Rs 5.45, or 1.61%.

Higher tax, wages to dent mid-cap IT June-qtr profit

Indian mid-cap IT companies are likely to see a modest revenue growth in April-June on stable demand, but most would see profits and margins squeezed by wage hikes and higher taxes.