Revenues for the fourth quarter of 2012 were $271.6 million

Compared with $267.7 million in the fourth quarter of 2011

Compared with $271.1 million in the third quarter of 2012

Net Income attributable to iGATE corporation for the fourth quarter of 2012 was $32.2 million

Compared with $15.3 million in the fourth quarter of 2011

Compared with $28.3 million in the third quarter of 2012

Gross margin was 40.6% for the fourth quarter of 2012

Compared with 40.3% in the fourth quarter of 2011

Compared with 39.8% in the third quarter of 2012

Diluted earnings per share for the fourth quarter of 2012 were $0.31 GAAP and $0.47 non-GAAP

Compared with $0.11 GAAP in the fourth quarter of 2011 and $0.27 non-GAAP in the fourth quarter of 2011

Compared with $0.27 GAAP in the third quarter of 2012 and $0.46 non-GAAP in the third quarter of 2012

Adjusted EBITDA was $71.9 million for the fourth quarter of 2012

Compared with $68.1 million in the fourth quarter of 2011

Compared with $68.6 million in the third quarter of 2012

The Company added 14 new customers during the fourth quarter, including seven Fortune 1000 companies

As of December 31, 2012, the Company had 27,554 employees

Revenues for the year ended December 31, 2012 were $1,073.9 million

Compared with $779.6 million for the year ended December 31, 2011

Net Income attributable to iGATE corporation for the year ended December 31, 2012 was $97.2 million

Compared with $51.5 million for the year ended December 31, 2011

Gross margin was 39.5% for the year ended December 31, 2012

Compared with 38.0% for the year ended December 31, 2011

Diluted earnings per share were $0.87 GAAP and $1.58 non-GAAP

Compared with $0.38 GAAP and $0.89 non-GAAP for the year ended December 31, 2011

Adjusted EBITDA was $272.1 million for the year ended December 31, 2012

Compared with $173.5 million for the year ended December 31, 2011

Net revenue ($Millions)

Operating margin ($Millions)

GAAP net income ($Millions)

GAAP diluted EPS ($)

Non-GAAP net income ($Millions)

Non-GAAP diluted EPS ($)

A Fortune 100 company, one of the largest supplemental insurance providers in the U.S., engaged iGATE to launch a senior care insurance product in a short timeframe. Through its state-of-the-art iTOPS TPA platform, iGATE ensured that the cost of administration of the insurance product will be variable with a low percentage of premiums, ensuring high margins and profitability for the client.

The judiciary department of a U.S. state has engaged iGATE to improve the timeliness and quality of its judicial services. As part of the engagement, iGATE will provide technical consulting services to enhance the functionalities of the state’s judicial management system, improving the system’s development and implementation of case management requirements.

A Fortune 1000 U.S.-based company with a global presence in servicing pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, hired iGATE to help it improve its operational efficiency through the adoption of mobility practices. iGATE will formulate an enterprise-wide mobility strategy and provide its expertise in mobile application development enabling secure mobile commerce across the client’s applications, devices and platforms. These practices and strategies are intended to improve the client’s productivity, reduce its operational costs and improve customer satisfaction.

The medical devices group of a worldwide designer and manufacturer of precision motion control products engaged iGATE to help design and develop its next generation “smart pumps.” These pumps, which will be implemented in infusion therapy, post-operative pain management and enteral nutrition, may also be utilized in a wide spectrum of this market segment, including the intensive care, ambulatory care and alternate care segments.

A Fortune 1000 company in the U.S. that works with agricultural products, specialty chemicals and industrial chemicals engaged iGATE to facilitate its “Business Transformation” program. As part of this engagement, iGATE will implement SAP enterprise systems across the client’s multiple locations.

A global semiconductor-manufacturing firm contracted with iGATE to reduce its manufacturing costs and improve its profitability. iGATE will deploy its product and engineering skills to redesign and optimize the client’s manufacturing execution system. The redesigned system is expected to enhance the client’s production efficiency.

iGATE was ranked India’s Best Employer for the Year 2012 in the Dataquest-CMR Best Employers’ Survey and retains its position in the top three employers for the sixth consecutive year.

iGATE was ranked No.2 in the ‘Best Employer Survey in Greater Toronto Area’ conducted by Aon Hewitt in collaboration with Queen’s University, Canada.

iGATE was awarded the prestigious Golden Peacock Innovation Management Award for the year 2012 in the ‘Information Technology’ category.

iGATE received a ‘Best In Class Global Excellence Award’ from the Asia Pacific Quality Organization.

iGATE won first prize for its paper on “Software Project Success Prediction Model based on Binary Logistics Regression & Artificial Neural Network (ANN)” which was presented at ICONQROR-2013 (International Conference on Quality, Reliability and Operations Research).

iGATE reported a 22% reduction in its carbon footprint per employee per year from 4.23 tons in 2008 to 3.29 tons in 2012.

Time:

Toll Free:

Toll:

Amortization of intangible assets: Intangible assets comprise value of customer relationships from the recent acquisition of iGATE Computer Systems Limited (formerly known as Patni Computer Systems Limited and referred to herein as “Patni”) and the recent delisting of iGATE’s Indian subsidiary. iGATE incurs charges relating to the amortization of these intangibles. These charges are included in iGATE’s GAAP presentation of earnings from operations, operating margin, net income and diluted earnings per share. iGATE excludes these charges for purposes of calculating these non-GAAP measures.

Stock-based compensation: Although stock-based compensation is an important component of compensation of iGATE’s employees and executives, determining the fair value of the stock-based instruments involves a high degree of judgment and estimation and the expense recorded may not reflect the actual value realized upon the future exercise or termination of the related stock-based awards. Furthermore, unlike cash compensation, the value of stock-based compensation is determined using a complex formula that incorporates factors, such as market volatility, that are beyond the Company’s control. Management believes it is useful to exclude stock-based compensation in order to better understand the long-term performance of iGATE’s core business.

Acquisition expenses: iGATE incurs costs related to its acquisitions, which are inconsistent in amount and frequency and are significantly impacted by the timing and nature of iGATE’s acquisitions. iGATE believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE’s current operating performance and comparisons to its past operating performance.

Foreign Exchange gain: The Company entered into forward foreign exchange contracts to mitigate the risk of changes in foreign exchange rates on payments related to the acquisition of Patni. The Company also recognized favorable foreign currency gain on re-measurement of escrow account balance maintained for facilitating payments related to the Patni acquisition. iGATE believes that eliminating the non-capitalized items for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE’s current performance and comparisons to its past performance.

Severance Cost: As a result of the acquisition of Patni, iGATE incurred severance costs in connection with the termination of the services of some of Patni’s employees. iGATE believes that eliminating these severance costs for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE’s current operating performance and comparisons to its past operating performance.

Delisting expenses: iGATE voluntarily delisted the equity shares of its majority owned subsidiary, Patni, from the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited and the American Depository Shares from the New York Stock Exchange. Delisting is an infrequent activity and expenses incurred in connection with the delisting are inconsistent in amount and are significantly impacted by the timing and nature of the delisting. iGATE believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE’s current operating performance and comparisons to its past operating performance.

Merger and reorganization expenses: iGATE is merging and reorganizing its overseas subsidiaries and branches with a view to simplifying the corporate structure and has incurred legal and professional expenses in this connection. Merger and reorganization is an infrequent activity and expenses incurred in connection therein are inconsistent in amount and significantly impacted by the timing and nature of the reorganization. iGATE believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE’s current operating performance and comparisons to its past operating performance.

Preferred dividend and accretion to preferred stock: The Company has issued 8.00% Series B Preferred Stock. The Company also incurred issuance costs which have been netted against the proceeds received from the issuance of Series B Preferred Stock. The Series B Preferred Stock is being accreted over a period of six years. The Company believes that eliminating these expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of iGATE’s current operating performance and comparisons to its past operating performance.

Media Contact

Prabhanjan Deshpande “PD”

+91 80 4104 5006

PD@igatepatni.com

Investor Contact

Araceli Roiz

+1 510 896 3007 araceli.roiz@igatepatni.com

Current assets:

Cash and cash equivalents

Restricted cash

Short-term investments

Accounts receivable, net

Unbilled revenues

Prepaid expenses and other current assets

Prepaid income taxes

Deferred tax assets

Foreign exchange derivative contracts

Receivable from Mastech Holdings Inc.

Total current assets

Deposits and other assets

Prepaid income taxes

Property and equipment, net

Leasehold land

Deferred tax assets

Goodwill

Intangible assets, net

Total assets

LIABILITIES, REDEEMABLE NON CONTROLLING INTEREST, PREFERRED STOCK AND EQUITY

Current liabilities:

Accounts payable

Line of credit

Term loans

Accrued payroll and related costs

Other accrued liabilities

Accrued income taxes

Foreign exchange derivative contracts

Deferred revenue

Total current liabilities

Other long-term liabilities

Senior notes

Term Loans

Foreign exchange derivative contracts

Accrued income taxes

Deferred tax liabilities

Total liabilities

Redeemable non controlling interest

Series B Preferred stock

Shareholders’ equity:

Common Stock, par value $0.01 per share

Common stock in treasury, at cost

Additional paid-in capital

Retained earnings

Accumulated other comprehensive loss

Total iGATE Corporation shareholders’ equity

Non controlling interest

Total equity

Total liabilities, redeemable non controlling interest, preferred stock and equity

Year ended

December 31,

Revenues

Cost of revenues (exclusive of depreciation and amortization)

Gross margin

Selling, general and administrative expense

Depreciation and amortization

Income from operations

Other income (loss), net

Income before income taxes

Income tax expense

Net income

Noncontrolling interest

Net income attributable to iGATE Corporation

Accretion to Preferred Stock

Preferred dividend

Net income attributable to iGATE common shareholders

Net income attributable to iGATE common shareholders

Add: Dividends on Series B Preferred Stock

Less: Dividends paid on

Series B Preferred Stock

Undistributed Income

Basic and Diluted allocation of Undistributed Income

Common stock

Unvested restricted stock

Series B Preferred Stock

Shares outstanding:

Common stock

Unvested restricted stock

Series B Preferred Stock

Weighted average shares outstanding:

Common stock

Unvested restricted stock

Participating preferred stock

Weighted average common stock outstanding

Dilutive effect of stock options and restricted shares outstanding

Dilutive weighted average shares outstanding

Distributed earnings per share:

Participating preferred stock

Undistributed earnings per share:

Common stock

Unvested restricted stock

Participating preferred stock

Basic earnings per share from operations

Common Stock

Unvested restricted stock

Participating preferred stock

Diluted earnings per share from operations

Net income

Adjustments

Depreciation and amortization

Interest expenses

Income tax expense

Other income, net

Foreign exchange loss/(gain)

Stock Based Compensation

Acquisition expenses

Severance expenses

Delisting expenses

Merger and reorganization expenses

Adjusted EBITDA (a non-GAAP measure)

GAAP Net income attributable to iGATE common shareholders

Adjustments

Preferred dividend and accretion to preferred stock

Amortization of Intangible assets, net of taxes

Stock Based Compensation, net of taxes

Acquisition expenses, net of taxes

Delisting expenses, net of taxes

Merger and reorganization expenses

Forex (gain) / loss on acquisition hedging and remeasurement, net of taxes

Severance cost, net of taxes

Non-GAAP Net income attributable to iGATE common shareholders

Weighted average shares outstanding, Basic

Add back: assumed preferred stock conversion

Non-GAAP shares outstanding, Basic

Weighted average dilutive common shares outstanding

Add back: assumed preferred stock conversion

Weighted average dilutive common equivalent shares outstanding

Basic EPS (GAAP) to Basic EPS (Non-GAAP):

Basic EPS (GAAP)

Preferred dividend and accretion to preferred stock

Amortization of Intangible assets, net of taxes

Stock Based Compensation, net of taxes

Acquisition expenses, net of taxes

Delisting expenses, net of taxes

Merger and reorganization expenses

Forex (gain) / loss on acquisition hedging and remeasurement, net of taxes

Severance cost, net of taxes

Basic EPS (Non-GAAP)

Diluted EPS (GAAP) to Diluted EPS (Non-GAAP):

Diluted EPS (GAAP)

Preferred dividend and accretion to preferred stock

Amortization of Intangible assets, net of taxes

Stock Based Compensation, net of taxes

Acquisition expenses, net of taxes

Delisting expenses, net of taxes

Merger and reorganization expenses

Forex (gain) / loss on acquisition hedging and remeasurement, net of taxes

Severance cost, net of taxes

Diluted EPS (Non-GAAP)

Adjusted EBITDA does not reflect iGATE’s cash expenditures or future requirements of cash for capital expenditures or contractual commitments;

Adjusted EBITDA does not reflect changes in, or cash requirements for, iGATE’s working capital needs; and

Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on iGATE’s debts; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often need to be replaced in the future, and adjusted EBITDA does not reflect any cash requirements for such replacements; non-cash compensation is and will remain a key element of iGATE’s overall long-term incentive compensation package, although iGATE excludes it as an expense when evaluating its ongoing operating performance for a particular period; Adjusted EBITDA does not reflect the impact of certain cash charges resulting from matters iGATE considers not to be indicative of its ongoing operations; and other companies in iGATE’s industry may calculate adjusted EBITDA differently than iGATE does, limiting its usefulness as a comparative measure.