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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