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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

sapient corporation (SAPE) Key Developments

Sapient Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Sapient Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total gross revenues were $378.8 million compared with $326.6 million a year ago. Income from operations was $35.3 million compared with $33.5 million a year ago. Income before income taxes was $36.7 million compared with $34.7 million a year ago. Net income was $23.2 million compared with $22.8 million a year ago. Net income attributable to stockholders of the company was $23.3 million or $0.16 per diluted share compared with $22.8 million or $0.16 per diluted share a year ago. Net cash provided by operating activities was $25.5 million compared with $49.8 million a year ago. Purchases of property and equipment and cost of internally developed software was $11.7 million compared with $11.4 million a year ago. Non-GAAP income from operations was $49.2 million compared with $43.3 million a year ago. Non-GAAP net income attributable to stockholders of the company was $32.5 million or $0.23 per diluted share compared with $29.4 million or $0.21 per diluted share a year ago. For the six months, the company's total gross revenues were $731.94 million compared with $629.6 million a year ago. Income from operations was $55.2 million compared with $44.7 million a year ago. Income before income taxes was $58.2 million compared with $46.8 million a year ago. Net income was $36.8 million compared with $28.6 million a year ago. Net income attributable to stockholders of the company was $36.9 million or $0.26 per diluted share compared with $28.7 million or $0.20 per diluted share a year ago. Net cash used in operating activities was $16.98 million compared with net cash provided by operating activities of $40.4 million a year ago. Purchases of property and equipment and cost of internally developed software was $22.4 million compared with $17.8 million a year ago. Non-GAAP income from operations was $83.4 million compared with $69.7 million a year ago. Non-GAAP net income attributable to stockholders of the company was $55.0 million or $0.38 per diluted share compared with $45.7 million or $0.32 per diluted share a year ago. For the third quarter ending September 30, 2014, the company's service revenues are expected to be in the range of $350 million to $360 million. Third quarter 2014 non-GAAP income from operations is expected to be in the range of $44 million to $50 million. Capital expenditures for the quarter are expected to be between $13 million and $14 million. The company's book basis effective tax rate for the third quarter is expected to be a little lower than that at approximately 32% to 35% due to the expected releases of certain tax reserves anticipated in the third quarter. The company's book basis effective tax rate for the full year 2014 is expected to be in approximately a range of 35% to 37%. The company guided the full year at 11% to 15% revenue growth.

Sapient Corp., Q2 2014 Earnings Call, Aug 06, 2014

Sapient Corp., Q2 2014 Earnings Call, Aug 06, 2014

Sapient Corp. to Report Q2, 2014 Results on Aug 06, 2014

Sapient Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

Sapient Corp. Presents at Citi 2014 Global Technology Conference, Sep-03-2014 04:15 PM

Sapient Corp. Presents at Citi 2014 Global Technology Conference, Sep-03-2014 04:15 PM. Venue: Hilton New York, 1335 Avenue of the Americas, New York, NY 10019, United States. Speakers: Alan J. Herrick, Co-Chairman, Chief Executive Officer and President, Joseph S. Tibbetts, Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Treasurer.

Sapient Corp. Presents at Nomura Media Summit, New York, May-28-2014 04:45 PM

Sapient Corp. Presents at Nomura Media Summit, New York, May-28-2014 04:45 PM. Venue: Nomura Offices, Worldwide Plaza, New York, New York, United States. Speakers: Alan Schulman, Regional Chief Creative Officer of New York.

 

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