Financial and Operating Information

for the quarter ended June 30, 2011

NOTES: Fiscal Year iGATE follows a January December fiscal year. The current review covers the financial and operating performance of the Company for the quarter ended June 30, 2011. U.S. GAAP All figures in this release pertain to accounts presented as per U.S. GAAP unless stated otherwise. Percentage analysis Any percentage amounts, as set forth in this release, unless otherwise indicated, have been calculated on the basis of the U.S. Dollar amounts derived from our consolidated financial statements prepared in accordance with U.S. GAAP, and not on the basis of any translated Rupee amount. Calculation of percentage amounts on the basis of Rupee amounts may lead to results that are different, in a material way, from those calculated as per U.S. Dollar amounts. Reclassification Certain reclassifications have been made in the financial statements of prior years to conform to classifications used in the current year.

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Financial and Operating Information

for the quarter ended June 30, 2011

Fact Sheet Summary Index Ref Number A A1 A2 A3 B B1 B2 B3 B4 Description US GAAP Financials Consolidated Statement of Income Consolidated Balance Sheet Consolidated Cash Flow Statement Operational and Analytical Information Revenue Analysis Revenue-Client Metrics Revenue Mix and Utilization Employee Metrics Page No. 3 4 4

4 4 4 4

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Financial and Operating Information

for the quarter ended June 30, 2011
A1) UNAUDITED CONSOLIDATED STATEMENT OF INCOME - US GAAP (US$ 000) for the quarter/ period ended Quarter ended Jun 30 2011 170,417 111,203 59,214 40,423 9,058 9,733 (4,003) 5,730 1,244 4,486 487 3,999 115 5,639 (1,755) Quarter ended Jun 30 2010 66,849 41,390 25,459 11,843 2,126 11,490 976 12,466 1,312 11,154 11,154 11,154 Quarter ended Mar 31 2011 75,798 44,795 31,003 21,747 2,307 6,949 19,853 26,802 8,863 17,939 17,939 15 2,723 15,201

Particulars Revenue Cost of revenues (exclusive of depreciation and amortization) Gross Profit Selling, general and administrative expenses Depreciation & Amortization Operating income/(loss) Other income, net Income / (loss) before income taxes Income taxes Net income/(loss) Noncontrolling interest Net income attributable to iGATE Accretion to Preferred Stock Preferred dividend Net income /(loss) attributable to iGATE common shareholders

YoY change % 154.9% 168.7% 132.6% 241.3% 326.0% -15.3% -510.2% -54.0% -5.2% -59.8% N/A -64.1% N/A N/A -115.7%

QoQ change % 124.8% 148.2% 91.0% 85.9% 292.5% 40.1% -120.2% -78.6% -86.0% -75.0% N/A -77.7% 639.3% 107.1% -111.5%

Earnings per share - GAAP - Basic - Diluted

# # #

# # # #

-112.0% -112.0%

# # # #

-110.5% -110.8%

NON GAAP Adjustments Amortization of Intangible assets Stock Based Compensation Acquisition expenses, net of income taxes Forex gain on acquisition hedging and remeasurement, net of tax Severance cost, net of income taxes Total NON GAAP Adjustments Non-GAAP Net Income Earnings per share - NON GAAP - Basic - Diluted NON GAAP Adjustments Stock Based Compensation Acquisition expenses Severance expenses Total NON GAAP Adjustments Non-GAAP EBITDA 3,014 1,122 6,164 10,299 28,602 Quarter ended Jun 30 2011 13,199 11,961 781 457 Quarter ended Jun 30 2011 9,057 7,118 1,939 1,807 1,807 15,424 85.4% 1,508 9,792 11,300 20,556 39.1% $ $ 1,324 2,358 1,875 (2,008) 4,388 7,936 11,935 0.16 $ 0.16 $ 194 1,807 2,000 13,154 0.24 0.23 -9.3% -31.0% $ -29.4% $ (2,209) 15,730 0.23 0.23 -24.1% -30.7% -29.4% 197 861 9,039 (12,306)

Details of Interest Expense - USGAAP (US$ 000) Total Interest expense Bond interest Debt Issuance cost Amortization Other interest exp Details of Depreciation and Amortization - USGAAP (US$ 000) Depreciation & Amortization Depreciation Amortization of intangibles

Financial and Operating Information

for the quarter ended June 30, 2011
A2) CONSOLIDATED BALANCE SHEET USGAAP (US$ 000) Particulars Assets Total current assets Goodwill Intangible assets, net Property, plant, and equipment, net Other assets Total assets Liabilities Total current liabilities Other liabilities Deferred income taxes Senior notes Total liabilities Series B Preferred stock, without par value Total shareholders equity Total liabilities & shareholders equity A3) CONSOLIDATED CASH FLOW STATEMENT USGAAP (US$ 000) for the Six Months ended Jun 30 2011 (Unaudited)
30,057 (1,113,889) (8,624) 60,930 (1,168,404) 2,210 1,110,563 326,572 770,000 45,000 (32,610) 1,601 26,731 1,283 67,924 95,938

30-Jun-11 (Unaudited)

31-Dec-10 (Audited)

721,725 628,080 188,135 220,898 169,741 1,928,579 243,315 28,085 66,275 770,000 1,107,675 335,067 485,837 1,928,579

203,414 31,741 1,378 52,950 15,560 305,043 55,736 1,251 56,987 248,056 305,043

Particulars

Jun 31 2010 (Unaudited)

16,244 (20,659) (2,541) (18,867) 749 (6,446) (6,076) (370) (10,861) 150 29,565 18,854

Net cash provided by operating activities Net cash provided /(used in ) investing activities Capital expenditure, net Investment in securities, net Purchase of subsidiarys stock Others Net cash provided / (used) in financing activities Preferred stock, net of issuance costs High yield bonds Line of credit Debt issuance costs Dividends paid Others Net increase / (decrease) in cash and equivalents Effect of exchange rate changes on cash and equivalents Cash and equivalents at the beginning of the period Cash and equivalents at the end of the period

B1 ) REVENUE ANALYSIS Revenue By Geographical Segments

Americas EMEA APAC Total

Jun 30 2011
81.0% 12.2% 6.8% 100.0%

Mar 31 2011
84.9% 9.4% 5.6% 100.0%

Jun 30 2010
84.5% 9.3% 6.2% 100.0%

Revenue by Industry Verticals

Banking & Financial Services Insurance & Healthcare Manufacturing, Retail, Distribution & Logistics Communications, Energy & Utilities Media,Entertainment,Leisure & Travel Public Sector Total

Jun 30 2011
23.7% 30.3% 32.2% 7.9% 4.2% 1.7% 100.0%

Mar 31 2011
52.3% 9.1% 22.1% 4.1% 10.7% 1.7% 100.0%

Jun 30 2010
51.7% 9.5% 27.3% 0.1% 10.0% 1.4% 100.0%

Revenue by Project Type

Time and Material Fixed Price (including Fixed Price SLA) Total

Jun 30 2011
45.7% 54.3% 100.0%

Mar 31 2011
28.4% 71.6% 100.0%

Jun 30 2010
27.1% 72.9% 100.0%

B2) CLIENT- REVENUE METRICS Particulars

Top client Top 5 Clients Top 10 Clients Client data No of $1 million clients No of $5 million clients No of $10 million clients No of $50 million clients No of new clients No of Customers acquired No. of active Clients % of Repeat Business

Jun 30 2011
11.6% 37.9% 48.4% 120 38 21 4 21 291 363 99.3%

Mar 31 2011
38.3% 73.3% 85.3% 23 10 6 2 4 81 99.5%

Jun 30 2010
35.8% 72.0% 83.0% 24 7 5 2 4 85 98.7%

B3) REVENUE MIX AND UTILIZATION Jun 30 2011

Efforts Onsite Offshore Revenue Onsite Offshore Realized Rate Onsite Offshore Utilization 23.3% 76.7%

Mar 31 2011
20.0% 80.0%

Jun 30 2010
20.8% 79.2%

51.2% 48.8%

51.6% 48.4%

46.2% 53.8%

66.1 18.4 79.1%

78.2 18.5 80.0%

65.2 19.9 80.7%

B4) EMPLOYEE METRICS Jun 30 2011

Total Employees Offshore Onsite Total Sales & Support Staff Net Additions Number of employees acquired 26,395 21,376 5,019 26,395 1,883 (221) 18,372

Mar 31 2011
8,244 6,968 1,276 8,244 553 (116)

Jun 30 2010
8,158 6,981 1,177 8,158 516 801

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