BRIDGEWATER, New Jersey,
April 10, 2014 /PRNewswire/ --
iGATE Corporation (iGATE or the Company) (NASDAQ: IGTE),
the New Jersey-headquartered
integrated technology and operations solutions provider, today
announced its financial results for the first quarter ended
March 31, 2014.
(Logo:
http://photos.prnewswire.com/prnh/20130717/629294 )
First Quarter Highlights
- Revenues were $302.2million
- Increased 10% compared to $274.9
million in the first quarter of 2013
- Increased 1% sequentially compared to $299.3 million in the fourth quarter of
2013
- Net Income attributable to iGATE Corporation was
$31.6 million
- Compared to $34.8 million in the
first quarter of 2013
- Compared to $33.1 million in the
fourth quarter of 2013
- Gross margin was 37.5 %
- Compared to 38.1% in the first quarter of 2013
- Compared to 39.8% in the fourth quarter of 2013
- Diluted earnings per share were $0.29 GAAP and $0.45 non-GAAP
- Compared to $0.34 GAAP and
$0.51 non-GAAP in the first quarter
of 2013
- Compared to $0.30 GAAP and
$0.49 non-GAAP in the fourth quarter
of 2013
- Adjusted EBITDA was $75.2
million
- Compared to $65.5 million in the
first quarter of 2013
- Compared to $74.7million in the
fourth quarter of 2013
- The Company added nine new customers during the first
quarter
- As of March 31,
2014, the Company had 30,835 employees with a net
addition of 1,102
Ashok Vemuri, President and
Chief Executive Officer, iGATE, said, "We had an encouraging
start to the year with a 10% y-o-y growth in revenues. Overall
market conditions appear to be favorable across the board. With our
healthy pipeline, along with the timely rollout of investments in
people and solutions, we believe we are well positioned for
sustainable growth."
Sujit Sircar, Chief Financial Officer, iGATE, said, "We
successfully secured financing to redeem our $770 million 9% Senior Notes through a
combination $325 million of new 4.75%
senior notes due in 2019 and bank financing. This refinancing
is expected to yield significant cost savings over the coming
quarters. I am also pleased with the Company's cash-flow position
during the quarter. However, the rupee fluctuation due to forex
headwinds will be a concern, as we continue to grow our
profits."
First Quarter 2014 Operating Results
Results of the first quarter 2014 and 2013, on GAAP and non-GAAP
basis, are provided in the table below.
Q1 FY14 Q1 FY13 Y/Y
Net revenue ($Millions) 302.2 274.9 10%
Operating margin
($Millions) 61.2 52.6 16%
GAAP net income
($Millions) 31.6 34.8 (9)%
GAAP diluted EPS ($) 0.29 0.34 (15)%
Adjusted EBITDA
($Millions) 75.2 65.5 15%
Non-GAAP net income
($Millions) 36.4 39.9 (9)%
Non-GAAP diluted EPS ($) 0.45 0.51 (12)%
Key contracts won during the First Quarter
- A leading mining company based in Europe with its operations poised to grow
organically selected iGATE as a strategic IT Services partner in a
multi-year, multi-million dollar engagement. As part of the
contract, iGATE will provide enterprise application management
services for the client's ERP system, and implement optimization
processes and content management applications for its users. iGATE
will also provide an end-to-end fuel management system to enable
the client to improve on the fuel consumption efficiency levels
leading to significant costs savings.
- A leading apparel retailing company in North America selected iGATE as its IT partner
to drive efficiency in its distribution models. As part of the
strategy, the client will transition to an omni-channel retail
environment, with the new order management systems supported by
iGATE. This will lower the operating costs and consolidate
operations thus facilitating process efficiency. iGATE will also
support integration and testing of the client's new product life
management system.
- A large global financial institution based in North America selected iGATE as a strategic IT
partner to provide testing and validation services for their
core-banking program. As part of the multi-million dollar
contract, iGATE will leverage the bank's existing program in a 'box
validation framework'. iGATE's rich experience in working
with the banking industry and its repository of prebuilt process
models along with best practices and test scenarios made it a
natural choice as a trusted partner for the engagement.
- A large independent brokerage company based in North America selected iGATE as its IT partner
to provide quality assurance services for its new customer facing
services. This multi-million dollar deal leverages iGATE's
solution assurance service model that enables customers to make
more frequent and faster quality releases. iGATE will provide
ongoing release and configuration management solutions that will
facilitate the client to service its customers faster and better
with its newer functionalities and capabilities.
- iGATE has been engaged by a global restaurant chain based in
North America to assist it in the
architecture and design of its next generation digital platform.
This platform plays a significant role in the client's
strategy to design a customized customer experience, thus
facilitating greater product choice, better value and product
information that appeal to a broader spectrum of customers.
Key Highlights and Recognitions during
the First Quarter
- Ashok Vemuri was elected to the
Board of IT Governors at The World Economic Forum, Davos. As part of the Board, Ashok will
contribute to the fulfillment of the Forum's IT agenda.
- iGATE bagged the coveted "Fun @ Work" award for 2013 at the
World HRD Congress. The award recognizes iGATE for its innovative
efforts in employee engagement making it an employee-friendly
company.
- iGATE won the VCCircle Awards under the category- Best PE/VC
backed IT Company of the Year 2013. This was the third edition of
VCCircle Awards, India's only
platform that recognizes the best performing private equity or
venture capital-backed companies and transaction advisors.
- The second edition of the iGATE CEO Golf Tournament was
conducted at Pinehurst Resort & Country Club, North Carolina. Conducted in association with
Forbes and co-hosted by golfing icon Gary
Player, the event witnessed CEOs of Global 2000 companies
golfing for a noble cause. The winners donated $120,000 to their favorite charities.
- iGATE was ranked as a high performer in the enterprise mobility
space by HfS Research - a leading independent analyst authority and
community for the global business services and outsourcing
industry. iGATE has been rated high for its capabilities in
execution and innovation in the new age mobile technologies and
platforms.
Conference Call and Webcast
iGATE has scheduled its Earnings Conference Call on Thursday, April 10, 2014 to discuss the results
of its first quarter ended March 31,
2014. Senior management of the company will discuss the
financial performance for the quarter and answer participants'
questions during the call.
Time
: 07:30 - 8:30 am Eastern
Time
Toll Free (U.S.) : 877-407-8037
Toll (U.S.) : 201-689-8037
Toll Free (India) : 000-800-852-1477
The call will be webcast live on iGATE's website
(http://www.igate.com) in the Investor Relations page under the
'Events' section. Participants are requested to log in 10 minutes
prior to the start of the webcast. The on-demand version of the
webcast will be available on the iGATE website shortly after the
call.
Investors, potential investors, shareholders and bondholders can
access the telephonic replay by dialing 877-660-6853 (toll free) or
201-612-7415 (toll) and entering conference number 13579176. The
telephonic replay will be available until April 15, 2014.
About iGATE
iGATE Corporation provides integrated technology and
operations (iTOPS) solutions by leveraging its proven capabilities
across consulting, technology and business process outsourcing, and
product and engineering solutions. Armed with over three decades of
IT Services experience and powered by over 30,000 experts, iGATE's
multi-location global organization has consistently delivered
effective solutions to over 300 companies including many Fortune
1000 clients spanning verticals such as: banking and financial
services; insurance; healthcare and life sciences; manufacturing;
retail and CPG; media and entertainment; energy and utilities; and
independent software vendors. Please visit http://www.igate.com for
more information.
Follow iGATE on Twitter: @iGATE_Corp
(https://twitter.com/iGATE_Corp)
iGATE on Facebook: http://www.facebook.comigatecorporation
Use of non-GAAP Financial Measures
This press release contains non-GAAP financial measures as
defined by the Securities and Exchange Commission. These non-GAAP
measures are not in accordance with, or an alternative for,
measures prepared in accordance with, generally accepted accounting
principles in the United States
("GAAP") and may be different from non-GAAP measures used by other
companies. In addition, these non-GAAP measures are not based on
any comprehensive set of accounting rules or principles.
Reconciliations of these non-GAAP measures to their comparable GAAP
measures are included in the attached financial tables.
iGATE believes that non-GAAP measures have limitations in that
they do not reflect all of the amounts associated with iGATE's
results of operations as determined in accordance with GAAP and
that these measures should only be used to evaluate iGATE's results
of operations in conjunction with the corresponding GAAP measures.
These non-GAAP measures should be considered supplemental in nature
and should not be considered in isolation or be construed as being
more important than comparable GAAP measures.
iGATE believes that providing Adjusted EBITDA and non-GAAP net
income and non-GAAP diluted earnings per share in addition to the
related GAAP measures provides investors with greater transparency
to the information used by iGATE's management in its financial and
operational decision-making. These non-GAAP measures are also used
by the Management in connection with iGATE's performance
compensation programs.
More specifically, the non-GAAP financial measures contained
herein exclude the following items:
- Amortization of intangible assets: Intangible assets primarily
comprise of customer relationships. We incur charges relating to
the amortization of these intangibles. These charges are included
in our GAAP presentation of earnings from operations, operating
margin, net income and diluted earnings per share. We exclude these
charges for purposes of calculating these non-GAAP measures
- Stock-based compensation: Although stock-based compensation is
an important component of the compensation of iGATE's employees and
executives, determining the fair value of the stock-based
instruments involves a high degree of judgment and estimation and
the expense recorded may not reflect the actual value realized upon
the future exercise or termination of the related stock-based
awards. Furthermore, unlike cash compensation, the value of
stock-based compensation is determined using a complex formula that
incorporates factors, such as market volatility, that are beyond
the Company's control. Management believes it is useful to exclude
stock-based compensation in order to better understand the
long-term performance of iGATE's core business.
- Foreign exchange (gain)/loss: From time to time, the
Company recognizes foreign currency losses on re-measurement of
escrow account balance and foreign exchange gains on re-measurement
of redeemable non-controlling interest liability. iGATE believes
that eliminating these non-capitalized items for purposes of
calculating non-GAAP measures facilitates a more meaningful
evaluation of iGATE's current performance and comparisons to its
past performance.
- Delisting expenses: We voluntarily delisted the equity shares
of our majority owned subsidiary, iGATE Computer from the National
Stock Exchange of India Limited and the Bombay Stock Exchange
Limited and the American Depository Shares from the New York Stock
Exchange. Delisting is an infrequent activity and expenses incurred
in connection therein are inconsistent in amount and are
significantly impacted by the timing and nature of the delisting.
iGATE believes that eliminating these expenses for purposes of
calculating these non-GAAP measures facilitates a more meaningful
evaluation of its current operating performance and comparisons to
its past operating performance.
- Merger and reorganization expenses: iGATE is merging and
reorganizing its overseas subsidiaries and branches with a view to
simplifying the corporate structure and has incurred legal and
professional expenses in this connection. Merger and reorganization
is an infrequent activity and expenses incurred in connection
therein are inconsistent in amount and significantly impacted by
the timing and nature of the reorganization. iGATE believes that
eliminating these expenses for purposes of calculating
non-GAAP measures facilitates a more meaningful evaluation of
iGATE's current operating performance and comparisons to its past
operating performance.
- Preferred dividend and accretion to preferred stock: The
Company has issued 8.00% Series B Preferred Stock. The Company also
incurred issuance costs, which have been netted against the
proceeds received from the issuance of Series B Preferred Stock.
The Series B Preferred Stock is being accreted over a period of six
years. Although, the effect of inclusion of equivalent units of
common stock towards convertible participating preferred stock is
anti-dilutive for GAAP purposes, the non-GAAP diluted earnings per
share has been calculated assuming the conversion of all
outstanding shares of preferred stock into equivalent units of
common stock. The Company believes that eliminating these
expenses as well as inclusion of equivalent units of common stock
towards the preference shares to compute diluted earnings per share
for purposes of calculating these non-GAAP measures facilitates a
more meaningful evaluation of iGATE's current operating performance
and comparisons to its past operating performance.
From time to time in the future, there may be other items that
iGATE may exclude in presenting its financial results.
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks, uncertainties and assumptions. If the risks or
uncertainties ever materialize or the assumptions prove incorrect,
the results of the Company may differ materially from those
expressed or implied by such forward-looking statements and
assumptions. All statements regarding the business outlook, the
expected performance of the Company's products and services for its
clients, and all other statements in this release other than
statements of historical fact are statements that could be deemed
forward-looking statements. Words such as "expect", "potential",
"believes", "anticipates", "plans", "intends" and other similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements in the press release
include, without limitation, statements regarding the business
outlook, and the expected performance of the Company's products and
services for its clients, and other matters that involve known and
unknown risks, uncertainties and other factors that may cause
results, levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release.
Such risk factors include, among others: uncertain global economic
conditions, concentrated revenues, new organizational and
operational strategies, continued pricing pressures and the
significant indebtedness which will use a significant portion of
its cash flows to service such indebtedness, as a result of which
the Company might not have sufficient funds to operate its
businesses in the manner it intends or has operated in the past.
Additional risks relating to the Company are set forth in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2013, as well as the
Company's other reports filed with the Securities and Exchange
Commission As in prior periods, the financial information set forth
in this release, including tax-related items, reflects estimates
based on information available at this time. While the Company
believes these estimates to be accurate, actual results may differ
materially from those contained in the forward-looking statements
in this press release. These amounts could also differ
materially from actual reported amounts in the Company's quarterly
Report on Form 10-Q for the quarter ended March 31, 2014. The Company assumes no obligation
and does not intend to update these forward-looking statements as
circumstances change. This document does not constitute an offer to
purchase or to sell securities in any jurisdiction.
iGATE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except per share data)
March 31, December 31,
2014 2013
(unaudited) (audited)
ASSETS
Current assets:
Cash and cash equivalents $ 237,944 $ 204,836
Restricted cash 360,000 360,000
Short-term investments 162,196 181,401
Accounts receivable, net of allowances of $3,001 and
$4,103, respectively 147,214 157,905
Unbilled revenues 88,223 61,424
Prepaid expenses and other current assets 53,473 44,492
Prepaid income taxes 9,800 838
Deferred tax assets 5,937 10,235
Foreign exchange derivative contracts 6,671 836
Receivable from related parties 6,471 4,046
Total current assets 1,077,929 1,026,013
Deposits and other assets 23,681 24,930
Prepaid income taxes 34,644 32,160
Property and equipment, net of accumulated depreciation
of $116,889 and $108,084, respectively 180,917 165,581
Leasehold land 78,405 76,732
Deferred tax assets 15,154 15,153
Goodwill 452,911 438,891
Intangible assets, net 120,294 119,262
Total assets $ 1,983,935 $ 1,898,722
LIABILITIES, PREFERRED STOCK AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 13,489 $ 9,268
Line of credit 52,000 52,000
Senior Notes 770,000 360,000
Term loans 90,000 90,000
Accrued payroll and related costs 46,060 57,093
Other accrued liabilities 101,232 79,785
Accrued income taxes 2,794 5,802
Foreign exchange derivative contracts 15 909
Deferred revenue 13,254 17,776
Total current liabilities 1,088,844 672,633
Other long-term liabilities 4,188 3,532
Senior notes - 410,000
Term loans 270,000 270,000
Accrued income taxes 22,117 13,936
Deferred tax liabilities 37,315 41,717
Total liabilities 1,422,464 1,411,818
Series B Preferred stock , without par value 418,649 410,371
Shareholders' equity:
Common shares, par value $0.01 per share 598 594
Common shares held in treasury, at cost (14,714) (14,714)
Additional paid-in capital 213,337 204,143
Retained earnings 292,088 268,750
Accumulated other comprehensive loss (353,630) (387,115)
Total iGATE Corporation shareholders' equity 137,679 71,658
Non-controlling interest 5,143 4,875
Total equity 142,822 76,533
Total liabilities,preferred stock and shareholders'
equity $ 1,983,935 $ 1,898,722
iGATE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Amounts in thousands)
(unaudited)
Three Months ended
March 31,
2014 2013
Revenues $ 302,206 $ 274,918
Cost of revenues (exclusive of depreciation and
amortization) 188,780 170,239
Gross margin 113,426 104,679
Selling, general and administrative expense 42,661 42,792
Depreciation and amortization 9,558 9,271
Income from operations 61,207 52,616
Other income (loss), net (16,071) (2,896)
Income before income taxes 45,136 49,720
Income tax expense 13,425 14,960
Net income before non controlling interest 31,711 34,760
Non controlling interest 95 -
Net income attributable to iGATE Corporation 31,616 34,760
Accretion to preferred Stock 139 115
Preferred dividend 8,139 7,500
Net income attributable to iGATE common shareholders $ 23,338 $ 27,145
iGATE CORPORATION
Earnings Per Share
(Amounts in thousands, except per share data)
(unaudited)
Three Months Ended March 31,
PARTICULARS 2014 2013
Net income attributable to iGATE common shareholders $ 23,338 $ 27,145
Add: Dividends on Series B Preferred Stock 8,139 7,500
31,477 34,645
Less: Dividends on
Series B Preferred Stock [A] 8,139 7,500
Undistributed Income $ 23,338 $ 27,145
Allocation of Undistributed Income
Common stock [B] 17,256 20,338
Unvested restricted stock [C] - 8
Series B Preferred Stock [D] 6,082 6,799
$ 23,338 $ 27,145
Shares outstanding for allocation of undistributed income:
Common stock 58,808 57,270
Unvested restricted stock - 23
Series B Preferred Stock 20,726 19,147
79,534 76,440
Weighted average shares outstanding:
Common stock [E] 58,687 57,262
Unvested restricted stock [F] - 23
Series B Preferred Stock [G] 20,726 19,147
79,413 76,432
Weighted average common stock outstanding 58,687 57,262
Dilutive effect of stock options and restricted
shares outstanding 1,854 1,741
Dilutive weighted average shares outstanding [H] 60,541 59,003
Distributed earnings per share:
Series B Preferred Stock [I=A/G] $0.39 $0.39
Undistributed earnings per share:
Common stock [J=B/E] $0.29 $0.36
Unvested restricted stock [K=C/F] - $0.36
Series B Preferred stock [L=D/G] $0.29 $0.36
Earnings per share - Basic
Common stock [J] $0.29 $0.36
Unvested restricted stock [K] - $0.36
Series B Preferred stock [I+L] $0.68 $0.75
Earnings per share -Diluted [[B+C]/H] $0.29 $0.34
The number of shares of outstanding Series B Preferred Stock for
which the earnings per share exceeded the earnings per share of
common stock aggregated to 20.7 million and 19.1 million for the
three months ended March 31, 2014 and
2013 respectively. These shares were excluded from the computation
of diluted earnings per share as they were anti-dilutive.
iGATE CORPORATION
Reconciliation of Net Income, Net of Tax, to Adjusted EBITDA
(Amounts in thousands)
(unaudited)
Three Months ended
March 31,
2014 2013
Net income $ 31,711 $ 34,760
Adjustments
Depreciation and amortization 9,558 9,271
Interest expense 23,629 22,657
Income tax expense 13,425 14,960
Other income, net (7,354) (17,280)
Foreign exchange gain (204) (2,481)
Stock-based compensation 4,297 3,125
Delisting expenses - 93
Merger and reorganization expenses 130 419
Adjusted EBITDA (a non-GAAP measure) $ 75,192 $ 65,524
The Company presents the non-GAAP financial measures EBITDA and
adjusted EBITDA because management uses these measures to monitor
and evaluate the performance of the business and believes that the
presentation of these measures will enhance investors' ability to
analyze trends in the business and evaluate the Company's
underlying performance relative to other companies in the
industry.
iGATE CORPORATION
Reconciliation of Selected GAAP Measures to Non-GAAP Measures
(Amounts in thousands, except per share data)
(unaudited)
Three Months ended
March 31,
2014 2013
GAAP Net income attributable to iGATE
common shareholders $ 23,338 $ 27,145
Adjustments
Preferred dividend and accretion to preferred stock 8,278 7,615
Amortization of intangible assets 2,580 2,748
Stock-based compensation 4,297 3,125
Delisting expenses - 93
Merger and reorganization expenses 130 419
Foreign exchange loss on acquisition hedging
and remeasurement - 401
Income tax adjustments (2,243) (1,681)
Non-GAAP Net income attributable to iGATE common
shareholders $ 36,380 $ 39,865
Weighted average shares outstanding, Basic 58,687 57,285
Add:assumed preferred stock conversion 20,726 19,147
Non-GAAP weighted average shares outstanding , Basic 79,413 76,432
Weighted average dilutive common shares outstanding 60,541 59,003
Add:assumed preferred stock conversion 20,726 19,147
Weighted average dilutive common equivalent
shares outstanding 81,267 78,150
Basic EPS (GAAP) to Basic EPS (Non-GAAP):
Basic EPS (GAAP) $ 0.29 $ 0.36
Preferred dividend and accretion to preferred stock 0.11 0.10
Amortization of intangible assets 0.03 0.04
Stock-based compensation 0.06 0.04
Delisting expenses - -
Merger and reorganization expenses 0.00 0.00
Foreign exchange loss on acquisition hedging
and remeasurement - 0.00
Income tax adjustments (0.03) (0.02)
Basic EPS (Non-GAAP) $ 0.46 $ 0.52
Diluted EPS (GAAP) to Diluted EPS (Non-GAAP):
Diluted EPS (GAAP) $ 0.29 $ 0.34
Preferred dividend and accretion to preferred stock 0.10 0.10
Amortization of intangible assets 0.03 0.04
Stock-based compensation 0.06 0.04
Delisting expenses - 0.00
Merger and reorganization expenses 0.00 0.01
Foreign exchange loss on acquisition hedging
and remeasurement - 0.00
Income tax adjustments (0.03) (0.02)
Diluted EPS (Non-GAAP) $ 0.45 $ 0.51
Non-GAAP Disclosure of Adjusted EBITDA
iGATE presents Adjusted EBITDA as a supplemental measure of its
performance. We define Adjusted EBITDA as net income plus
(i) depreciation and amortization, (ii) interest expense,
(iii) income tax expense, minus (iv) other income, net
plus (v) foreign exchange (gain)/loss, (vi) stock-based
compensation (vii) delisting expenses and (viii) merger
and reorganization expenses. We eliminated the impact of the above
as we do not consider them as indicative of our ongoing operating
performance. These adjustments are itemized below. You are
encouraged to evaluate these adjustments and the reasons we
consider them appropriate for supplemental analysis. In evaluating
Adjusted EBITDA, you should be aware that in the future we may
incur expenses that are the same as or similar to some of the
adjustments in this presentation. Our presentation of Adjusted
EBITDA should not be construed as an inference that our future
results will be unaffected by unusual or non-recurring items.
We present Adjusted EBITDA because we believe it assists
investors and analysts in comparing our performance across
reporting periods on a consistent basis by excluding items that we
do not believe are indicative of our core operating performance. In
addition, we use Adjusted EBITDA: (i) as a factor in
evaluating management's performance when determining incentive
compensation, (ii) to evaluate the effectiveness of our
business strategies and (iii) because our credit agreement and
our indenture use measures similar to Adjusted EBITDA to measure
our compliance with certain covenants.
Adjusted EBITDA has limitations as an analytical tool. Some of
these limitations are:
- Adjusted EBITDA does not reflect our cash expenditures or
future requirements, for capital expenditures or contractual
commitments;
- Adjusted EBITDA does not reflect changes in, or cash
requirements for, our working capital needs;
- Adjusted EBITDA does not reflect the significant interest
expense, or the cash requirements necessary to service interest or
principal payments, on our debts; although depreciation and
amortization are non-cash charges, the assets being depreciated and
amortized will often have to be replaced in the future, and
adjusted EBITDA does not reflect any cash requirements for such
replacements; non-cash compensation is and will remain a key
element of our overall long-term incentive compensation package,
although we exclude it as an expense when evaluating our ongoing
operating performance for a particular period; and
- Adjusted EBITDA does not reflect the impact of certain cash
charges resulting from matters we consider not to be indicative of
our ongoing operations; and other companies in our industry may
calculate Adjusted EBITDA differently than we do, limiting its
usefulness as a comparative measure.
- Because of these limitations, Adjusted EBITDA should not be
considered in isolation or as a substitute for performance measures
calculated in accordance with GAAP. We compensate for these
limitations by relying primarily on our GAAP results and using
Adjusted EBITDA only supplementally.
Communication Coordinates
Investor Contact
Salil Ravindran
+1-510-298-8400
Salil.Ravindran@iGATE.com
Media Contact
Prabhanjan Deshpande "PD"
+91-80-4104-5006
PD@iGATE.com
Regional Media Contacts
India
Sushmita Sarkar
Adfactors PR
+91-9820661186
Sushmita.sarkar@adfactorspr.com
North America
Anu Kher
Gutenberg Communications
+1-646-775-6301
Anu@gutenbergpr.com
Meagan Ostrowski
Gutenberg Communications
+1-212-810-4394
Meagan@gutenbergpr.com
Europe
Radha Ahlstrom-Vij
Gutenberg Communications
+44-75-8424-1132
Radha@gutenbergpr.com