iGATE (Nasdaq: IGTE) reported earnings on Oct. 12. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), iGATE missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.

Margins grew across the board.

Revenue details
iGATE recorded revenue of $271.1 million. The 10 analysts polled by S&P Capital IQ foresaw a top line of $276.9 million on the same basis. GAAP reported sales were 2.0% higher than the prior-year quarter's $265.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.46. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.37 per share. GAAP EPS of $0.36 for Q3 were 260% higher than the prior-year quarter's $0.10 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 39.8%, 290 basis points better than the prior-year quarter. Operating margin was 19.8%, 560 basis points better than the prior-year quarter. Net margin was 10.4%, 500 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $275.6 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $1.08 billion. The average EPS estimate is $1.50.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 208 members out of 216 rating the stock outperform, and eight members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give iGATE a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on iGATE is outperform, with an average price target of $21.25.

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