Corrects net income and adjusted net income figures for the latest quarter as well as the prior year quarter:
Sapient Corp. (SAPE) Wednesday reported first-quarter net income of $6.6 million or $0.05 per share, compared to $8.9 million or $0.06 per share in the comparable quarter last year.
Adjusted net income for the quarter was $17.0 million or $0.12 per share, up from $15.0 million or $0.10 per share in the prior year period.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.09 per share for the quarter. Analysts' estimates typically exclude special items.
Total gross revenues for the quarter rose to $302.98 million from $269.16 million in the year-ago quarter. Service revenues for the quarter grew to $292.64 million from $260.38 million last year. Analysts estimated revenues of $296.05 million for the quarter.
For the second quarter of 2013, the company expects service revenues to be in the range of $300 million to $310 million. Analysts currently estimates revenues of $306.82 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.