NEWS: Technology consulting and outsourcing firm iGate said Thursday that its fiscal fourth-quarter net income rose 7 percent as it gained more customers. DETAILS: The company added nine new customers in the quarter. Profit and revenue beat analysts' expectations. NUMBERS: IGate's net income after paying preferred dividends came to $24.9 million for the three months ended Dec. 31 , from $23.3 million in the same period in 2012. Earnings per share were level at 30 cents . Removing costs for paying employees in stock and other items, earnings were 49 cents per share. Analysts predicted earnings of 48 cents per share, according to a FactSet survey. Revenue rose 10 percent, to $299.3 million from $271.6 million . Wall Street expected $296.4 million . STOCK: Shares of iGate declined $2.29 , or 5.7 percent, to $37.92 in afternoon trading amid a broader market decline. Its stock has more than doubled over the last year.
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