Sapient Reports Third Quarter EPS of $.13

Sapient SAPE today reported the following financial results for the third quarter ended September 30, 2010:

• Service revenues were $217.1 million compared to $165.5 million in the third quarter of 2009, an increase of 31%. Sequentially, service revenues were up $16.7 million, or 8%, from $200.4 million in the second quarter of 2010. On a constant currency basis, revenues increased 32% over the third quarter of 2009 and 7% sequentially.
• GAAP income from operations was $20.0 million, or 9.2% of service revenues, up 158% from $7.8 million, or 4.7% of service revenues, reported in the third quarter of 2009.
• Non-GAAP income from operations was $25.6 million, or 11.8% of service revenues, up 52% from $16.8 million, or 10.2% of service revenues, reported in the third quarter of 2009.
• GAAP diluted net income per share was $0.10, compared to $0.04 in the third quarter of 2009.
• Non-GAAP diluted net income per share was $0.13, compared to $0.08 in the third quarter of 2009.