The net profit of iGate declined by 64% in the quarter that ended on 30 June, 2011, amounting to $4 million from $11.2 million incurred in the previous year. The fall in the profit occurred due to the spending on the acquisition of India's Patni Computer Systems Ltd.

The combined revenue of iGate Patni increased by 155%, amounting to $170.4 million from $66.8 million in same period last year. Moreover, the revenue of iGate increased by 14%, which reached the mark of 140.4% with the acquisition deal.

In the quarter ending on June 30, 2011, Patni met a loss of Rs 51 crore severance payouts as it had made partition payments. The collaboration with Patni plummeted the gross margin to 34.7 % for the second quarter of 2011 against 38.1 % in the previous year.

Sujit Sircar, Chief Financial Officer, iGate said, "The blending of iGate and Patni results and increase in salaries have created a dip in the margins which we expect to improve over the next few quarters and to get to iGate's benchmark margins over the next two years." iGate has $430 million cash on its books”.

The Company's Chief Executive Officer, Phaneesh Murthy, stated that iGate needs to pay out another $18 million, as an interest for the $ 770 million loan that it took in order to finance the Patni acquisition.