Latest News

Stock Market Analysis

Friday, May 6, 2011

Sapient Corp ( NASDAQ: SAPE ) jumped on Q1 earnings report !

Sapient Corporation Logo

Quarterly Earnings Highlights from Sapient Corporation ( NASDAQ: SAPE ):

* Q1 EPS $0.12 vs est. $0.07

* Q1 rev $249.9 mln vs est. $231 mln

* Sees Q2 services rev $249-$257 mln

* Shares up more than 9% in premarket trade

May 5 (Reuters) - Sapient Corp posted better-than-expected quarterly results,

and the business and technology consulting company forecast strong services revenue for the second quarter.

The company, which competes with Accenture Plc among others, expects second-quarter service revenue of $249-$257 million. Service revenue accounted for 96.6 percent of total sales in the first quarter.

Analysts, on average, were expecting total second-quarter sales of $245.2 million, according to Thomson Reuters I/B/E/S.

The company caters to the government and also to the financial and commodity markets through its three business units.

Sapient reported earnings of $12.2 million or 9 cents a share,

compared with $6.2 million or 5 cents a share, last year.

Exluding items, earnings came in at 12 cents a share, higher than analysts' estimates of 7 cents a share.

Revenue rose 30.3 percent to $249.9 million, beating estimates of $231 million. Services revenue increased 31.7 percent to $241.3 million during the quarter.


Post a Comment

Related Posts Plugin for WordPress, Blogger...