Sapient’s turned in strong revenue growth, with services sales up 32% to $141.6m for the third-quarter as the consultancy appears to be getting back on track from some of the accounting problems that it have caused it to recently restate past earnings.
Net income for the quarter was $6.6m, or $0.03, reversing a loss of $2.6m for the same period last year. Excluding stop options expenses, restructuring, the probe into its past stock options practices, and other expenses, EPS would have been up to $0.08. Analysts, who typically exclude these charges, were looking for $0.03 per share.
Analysts were also expecting revenue of $135.6m. For the fourth quarter, Sapient is forecasting revenue of at least $146m.