By April 11, 2013 Read More →

Janney/IGTE: First Take – Large Deal Pushed Out; Demand Better | Market Analysis

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Our First Take: iGate reported slightly better than expected revenue with a bottom line beat helped by other income. Our initial takeaways are one of the two large deals announced has been delayed, 2013 demand appears better than last year, and it remains too early to tell what the impact if any will be from the recent political rhetoric regarding outsourcing. We maintain our NEUTRAL at present levels pending better visibility on when accelerators will kick in and the net impact to results

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Joseph D. Foresi

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