Hi-tech copycat used device inside his shirt

He would wear the same shirt every day to the exam. Not because it was his lucky shirt. He would always pull the collar up. Not because it was the latest fashion. This student, Arun (name changed), had a speaker and wires tucked away in his shirt - to help him copy.

iGATE's global delivery model will help the client in reducing thetime-to-market of their application development initiatives. Through our proprietary pH Matrix (an Enterprise ProcessOptimization methodology), we are helping the client to systematically determinethe strategic location of processes, which we expect to result in substantialbusiness processes improvements and cost savings for the client.iGATE is building a new platform for a wealth management analytics firm. Operating marginhas gone up to 15.3% of revenue from 12.6% in the corresponding quarter lastyear.Net income from continuing operations was $6.1 million, or $0.11 per dilutedshare, compared to $5.0 million or $0.09 per diluted share in the previousquarter and $7.4 million or $0.13 per diluted share in the same quarter lastyear. Gross profit margin increased to 38.2% from 35.3% in thecorresponding quarter last year.Operating income for the quarter was $7.2 million up from $5.6 million in theprevious quarter and $7.1 million in the same period last year.

The volatile global currency markets are still a cause of concern."Second quarter operating resultsRevenue from continuing operations for the quarter was $46.8 million, comparedto $44.8 million in the previous quarter and $56.2 million in the same periodlast year. "With the market conditions continuingto be challenging, we are digging deep to help our clients reach the next levelof efficiencies and values.""We had a better operating margin for our second quarter due to revenue growthand effective cost controls," said Sujit Sircar, Chief Financial Officer. "Ourfocus on cost containment and increasing liquidity in the balance sheetcontinues. For more information, please visit or FOX Sports SouthwestRamon Alvarez, Copyright Business Wire 2009. FREMONT, Calif., July 21, 2009 (GLOBE NEWSWIRE) -- iGATE Corporation(Nasdaq:IGTE), an integrated technology and operations (iTOPS) company,announced today its financial results for the second quarter of fiscal year2009, ended June 30, 2009.Second quarter financial highlights--Diluted earnings from continuing operations of $0.11 pershare compared to $0.13 per share made in the correspondingquarter last year--Revenue from continuing operations of $46.8 million comparedto $56.2 million made in the corresponding quarter previousyear--3 new customers added during the quarter--6,430 employees as of June 30, 2009 compared to 6,402 in thesame period last year"We grew revenue and profit for the quarter in a difficult economicenvironment," said Phaneesh Murthy, CEO.

Intersport is headquartered in Chicago withoffices in New York City and Los Angeles. The Intersport Event Marketing Group designs and executesnational event marketing initiatives, including mobile marketing tours atprofessional, collegiate and youth sporting events as well as major eventcorporate hospitality programs. - FOX SPORTS SOUTHWEST/HOUSTON - INTERSPORT:For more than 20 years, Intersport has been recognized as an Emmy Award-winningcreator, producer and distributor of original sports and entertainmentprogramming as well as an industry leader in event marketing and corporatehospitality. The Intersport Media Group is one of the largest independentproducers in the U.S. through the distribution of sports and entertainmentcontent across all media platforms, including the company`s CelebTV onlineentertainment channel. Craig Way, host of FOX Sports Southwest`s HIGH SCHOOL SCOREBOARD LIVE Fridaynight wrapup show and the radio voice of the Texas Longhorns, will callplay-by-play on the Game of the Week.