Outsourcing firm iGate on Thursday reported a 12.7 per cent increase in its net income at $31.9 million for the third quarter ended September 30,2013.
The California-based firm had posted a net income of $28.3 million in the year-ago period,iGate said in a filing to the US Securities and Exchange Commission (SEC) on Thursday.
Its revenues rose by 8.2 per cent to $293.4 million in the July-September quarter in 2013 against $271.1 million in the same quarter in 2012.
In the April-June 2013 quarter,iGates net income stood at $30 million,while,revenues were at $283.3 million.
iGate CEO and President Ashok Vemuri said: I am pleased with our ability to accelerate revenue growth both sequentially and year-over-year. I am also happy with the quality of deals we are winning that are longer-term in nature with focus on innovation and productivity gains to our customers.
iGATE added eight new customers during the third quarter,the firm said.