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May 24, 2004 Stock Pick: iGate Corporation (IGTE)

Stock Price: $4.55

iGate Corporation is a provider of information technology and business outsourcing services, which enable its 500 clients to optimize their business. Services include consulting, enterprise data management and data warehousing, business intelligence and analytics, design, development, system integration, package evaluation and implementation, re-engineering and maintenance.

The co-founder of iGate Corporation, Sunil Wadhwani received his masters in management from Carnegie Mellon University. Since 2002, Mr. Wadhwani has led iGate to an average annual revenue rate of 290 million.

iGate has been listed four times in Inc. Magazines ranking of the fastest growing companies in the U.S. We believe iGate will start to grow fast as outsourcing becomes even more important to companies trying to cut costs and maximize productivity.

Now that Q1 numbers have been digested, investors will begin to look forward to Q2, which should be an improvement.

IGTE has begun to trade in the $4 - $5 range since its drop from over $8.50. IGTE should start trending up again and create a 100% gain.

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