iGate Global Solutions has posted a consolidated net profit after tax & minority interest at Rs 1.42 crore for the quarter ended June 30, 2005 as compared to Rs 11 lakh for the quarter ended June 30, 2004. Total income increased to Rs 147.69 crore for the quarter ended June 30, 2005 from Rs 143.76 crore in Q1FY05.According to a release issued by iGate Global Solutions to the BSE, the company has posted a net profit of Rs 1.24 crore for the first quarter ended June 30, 2005 as compared to a net loss of Rs 3.54 crore in Q1FY05. Total income has increased to Rs 117.38 crore for the quarter ended June 30, 2005 from Rs 103.12 crore in Q1-05.The board has co-opted Karl Heinz Achinger as a director of the company.Phaneesh Murthy, CEO, of iGate Global, said: "The highlight of the quarter was the signing of a multi-year, preferred supplier agreement with one of North America's premier financial services group.""Our client's corporate strategy is a validation of our premise that organizations will increasingly align technology and operations to focus on business outcomes. We will be working closely with their team to help them realize their vision", Phaneesh added.
