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IGate profit doubles on higher margins

Friday, 12 Oct 2012 | 6:54 AM ET

Oct 12 (Reuters) - Outsourcing company iGate Corp posted a higher quarterly profit as margins rose but said delays in contract renewals slowed revenue growth.

Net income rose to $28.3 million, or 27 cents per share, in the third quarter, from $14.3 million, or 10 cents per share, a year earlier.

Revenue rose 2 percent to $271.1 million.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)

((sruthi.ramakrishnan@thomsonreuters.com)(Within U.S.+1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging: sruthi.ramakrishnan.thomsonreuters.com@reuters.net))

Keywords: IGATE RESULTS/

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