Sapient announces Q3 results

HYDERABAD: Sapient, a business innovator, has announced financial results for its third quarter ended September 30, 2005.

The company posted consolidated revenues of $81.7 million, an increase of 27% over the year-ago quarter.

Earnings per share were $0.05 on a GAAP basis, or $0.06 excluding stock-based compensation expense. The operating margin of the company was 8% on a GAAP basis, or 9% excluding stock-based compensation expense. The US revenues grew 52% year over year.

"The revenue growth we achieved this quarter, driven primarily by U.S. expansion, highlights the strength of our market position," said Jerry A.

Greenberg, Sapient's co-chairman and co-chief executive officer. "We are

focused on accelerating growth outside of the US to realize the full potential of our business model."