Exhibit 99.1
 
 
For Immediate Release
 
Intelligroup® Q4 EPS Rose to $0.08 from $0.02 in Q4 2008, and
2009 EPS Rose 65% to $0.26 on Revenue of $126.5 Million
 
- Cash, Cash Equivalents including Short Term
Investments Rose to $23.2 million at Year-End -
 
- Conference Call & Webcast Today at 10:00 a.m. EST -
 
Princeton, NJ, February 16, 2010 –
Intelligroup, Inc. (OTC BB: ITIG), an information technology and outsourcing services provider principally focused on enterprise resource planning (ERP) and extended ERP solutions, today announced operating results for its fourth quarter and year ended December 31, 2009. Intelligroup will host a conference call today at 10:00 a.m. EST to review the results.
 
Conference Call/Replay: Dial 800-734-8507 or 212-231-2927. Replay available until Feb. 23rd via 800-633-8284 or 402-977-9140, passcode: 21458624.
 
Live Webcast/archive: www.intelligroup.com/ig_events_webcasts.html or www.earnings.com; archived for 30 days.
 
Q4 Highlights:
  • Q4 ’09 revenue increased by 3.9% to $33.0 million compared to revenue of $31.7 million in Q3’ 09, and decreased 11.6% compared to revenue of $37.3 million in Q4 '08.
     
  • Q4 ’09 gross margin decreased to 33.7% from 34.6% in Q3 ’09 and increased compared to 32.5% in Q4 ’08.
     
  • Q4 ’09 operating margin was 11.0% compared to 11.4% in Q3 ’09 and 7.9% in Q4 ’08.
     
  • Foreign exchange (fx) loss of $0.2 million in Q4 ’09 compares to an fx gain of $0.03 million in Q3 ’09 and an fx loss of $1.4 million in Q4 ’08.
     
  • Q4 ’09 net income was $3.3 million, or $0.08 per diluted share, compared to $3.6 million, $0.09 per diluted share, in Q3 ’09 and $1.0 million, or $0.02 per diluted share, in Q4 ’08.
     
  • Cash from operating activities was $0.8 million in Q4 ’09 versus $3.3 million in Q3 ’09 and $7.9 million in Q4 2008.
     
  • Cash and cash equivalents including short-term investments rose to $23.2 million at December 31, 2009 compared to $22.9 million at September 30, 2009 and $11.2 million at December 31, 2008.
     
  • Intelligroup added 24 new customers globally during the quarter.
2009 Highlights:
  • 2009 revenue declined 19.5% to $126.5 million.
     
  • 2009 gross margin improved to 33.5% compared to 31.5% in 2008; Reflecting the revenue decline, gross profit decreased to $42.4 million.
     
  • 2009 operating margin rose to 9.4% from 7.1% in 2008; Operating income rose 7.2% to $11.9 million from 2008.
     
  • 2009 net income rose 61.5% to $10.8 million, or $0.26 per diluted share, compared to $6.7 million, or $0.16 per diluted share, in 2008.

The following information was filed by Intelligroup Inc on Tuesday, February 16, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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