India-based outsourcing firm Patni Computer Systems (PTI) jumps 15% after reporting...

|About: Patni Computer Systems Limited (PTI-OLD)|By:, SA News Editor

India-based outsourcing firm Patni Computer Systems (PTI) jumps 15% after reporting better-than-expected Q3 results. Net profit fell 41%, but the decline was not as bad as analysts had feared. iGATE (IGTE +2.5%), which took control of Patni in a joint deal with private equity firm Apax Partners earlier this year, also trades higher on the news.