Key Developments: Sapient Corp (SAPE.OQ)
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Latest Key Developments (Source: Significant Developments)
Sapient Corp Lowers Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance Above Analysts' Estimates; Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates
Sapient Corp announced that for first quarter of 2013, it expects service revenues to be $292.6 million compared to guidance of $295 million to $300 million, GAAP diluted net income per share is to be $0.04 and Non-GAAP diluted net income per share is expected to be $0.12. Revenues reflect a slower-than-expected ramp in client spending in SapientNitro and the adverse effect of movements in foreign currency exchange rates. For second quarter of 2013, it expects service revenues to be in the range of $300 million to $310 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $297 million, EPS of $ 0.09 for the first quarter of 2013; revenue of $307 million for second quarter of 2013 Full Article
Adobe Systems Inc And Sapient Corp Expand Global Partnership
Adobe Systems Inc and SapientNitro, part of Sapient Corp announced an expansion of their global partnership, including integration of the Sapient EngagedNowSM platform with Adobe Marketing Cloud. This integrated offering provides a solution for creating, delivering and optimizing consumer experiences across Web, social, mobile, and digital displays. Full Article
Sapient Corp Issues Q1 2013 Revenue Guidance Above Analysts' Estimates
Sapient Corp announced that for the first quarter of 2013, it expects service revenues to be in the range of $295.0 million to $300.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $289 million for the first quarter of 2013. Full Article
Sapient Corp Expands Into Latin America With Acquisition Of iThink
SapientNitro , part of Sapient Corp announced its acquisition of 81% of iThink , a independent digital agency in Brazil, led by Marcelo Tripoli. Tripoli was cited as the most prominent digital professional by Brazil's top advertisers in a 2011 Advisors Group Digital Scope survey. Pátria Investimentos Ltda. and Blackstone Advisory Partners L.P. acted as the exclusive financial advisors to Sapient in connection with the transaction. Terms of the transaction were not disclosed. Full Article
Sapient Corp Issues Q4 2012 Revenue Guidance In Line With Analysts' Estimates
Sapient Corp announced that prior to the impact of Hurricane Sandy, the Company was expecting service revenues to be in the range of $289 million to $294 million for the fourth quarter of 2012. While the Company is still assessing the storm's impact, it currently estimates that revenues for the fourth quarter of 2012 will be $1 to $2 million less. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $289 million for the fourth quarter of 2012 Full Article
Sapient Corporation Issues Q3, FY 2012 Revenue Guidance Below Analysts' Estimates
Sapient Corporation announced that for third quarter of 2012, it expects service revenues to be in the range of $277-$284 million. For fiscal 2012, it expects service revenues are expected to grow 8% to 10%. The Company reported revenue of $1.021 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $300 million for third quarter of 2012; revenue of $1.152 billion for fiscal 2012. Full Article
NASCAR Selects Sapient Corporation's SapientNitro For Lead Development Of New Digital Platform
NASCAR And SapientNitro, part of Sapient Corporation announced today that SapientNitro has been selected to design and build its new digital platform, including NASCAR.com. The new platform will result in an integrated digital experience for NASCAR`s fans through critical channels, including: website, mobile and tablet. Full Article
Sapient Corporation Names Alan Herrick and Jerry Greenberg As Co-Chairmen
Sapient Corporation announced that the Company`s Board of Directors has elected the Company`s President and Chief Executive Officer, Alan Herrick, and its co-founder, Jerry Greenberg, as Co-Chairmen of the Company`s Board of Directors. Full Article
Sapient Corporation Announces Stock Repurchase Program
Sapient Corporation announced that its Board of Directors has authorized a stock repurchase program of up to $100 million of the Company’s common stock over the next two years. Under the program, Sapient’s management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934. Depending on market conditions and other factors, the repurchases may be commenced or suspended at any time or from time to time, without prior notice. Full Article
Sapient Corporation Issues Q2 2012 Revenue Guidance Below Analysts' Estimates
Sapient Corporation announced that for the second quarter of 2012, service revenues are expected to be in the range of $267 million to $277 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $282 million for the second quarter of 2012. Full Article

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