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Sapient Corp. Message Board

  • fesishandsome fesishandsome Aug 4, 2011 5:17 PM Flag

    Earnings Beat

    Q2 adj. EPS $0.14 vs est $0.11

    * Q2 rev $265.5 mln vs est $253.8 mln

    * Sees Q3 service revenue $260-268 mln

    * Shares down 4 pct after the bell

    Aug 4 (Reuters) - Business and technology consultancy Sapient Corp reported a better-than-expected quarterly profit, helped by growth in service revenue, and forecast a strong third quarter.

    The company, which competes with Accenture Plc , expects third-quarter service revenue of $260 million-$268 million. Service revenue accounted for 95.5 percent of total revenue in the second quarter.

    Sapient, which caters to the government and the financial and commodity markets, expects operating margins to be 12.5 to 13.5 percent in the third quarter.

    April-June earnings rose to $15.2 million, or 11 cents a share, from $7.6 million, or 6 cents a share a year ago.

    Adjusted earnings was 14 cents a share.

    Revenue rose to $265.5 million from $210.7 million.

    Analysts had expected earnings of 11 cents a share on revenue of $253.8 million for the second quarter.

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