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Diluted earnings from continuing operations of $0.09 per share compared to $0.12 per share in the corresponding quarter last year.
Revenues for the first quarter of fiscal 2009 were $44.81 million, compared to $55.64 million for the first quarter of fiscal 2008.
Operating income for the first quarter of 2009 was marginally up at $5.6 million from $5.5 million in the first quarter of 2008.
Sujit Sircar, CFO of iGATE Corporation, said: "We faced a challenging first quarter which negatively impacted revenue. Despite the revenue decline, we increased our operating margin through a persistent focus on cost discipline. The weak global economy and global currency fluctuations continue to be a cause of concern going forward."
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