IGate (IGTE +9.1%) pops after its Q1 revenues soared by 247% Y/Y to $263M, up from $76M in Q1...

|By:, SA News Editor

IGate (IGTE +9.1%) pops after its Q1 revenues soared by 247% Y/Y to $263M, up from $76M in Q1 2011. Net income was also higher, rising a greater-than-anticipated 35% as the surge in revenue compensated for slightly weaker margins.