Wednesday, May 15, 8:04 PM
More on Sapient (SAPE): Q1 report beats across the board. Service revenues were up 12.4% Y/Y to $292.6M compared to $260.4M in Q112. For Q2, the company sees revenue of between $300M to $310M, versus the consensus of $306.82M. Shares +6% AH.
Comment![Earnings, On the Move, Tech]
Wednesday, May 15, 4:42 PMSapient (SAPE): Q1 EPS of $0.12 misses by $0.01. Revenue of $303M beats by $6.95M.
Comment![Earnings, Breaking News, Tech]
Monday, December 17, 2012, 5:48 PM
Infosys (INFY -0.5%) and Wipro (WIT -0.3%) failed to join today's tech rally following a Reuters column speculating Infosys may slash its FY13 revenue guidance next month. The recent downbeat comments of company execs are noted, as is a Dec. 6 UBS note arguing Infosys' guidance is threatened by deal delays, large project cutbacks, and Hurricane Sandy-related shutdowns. The column also notes "industry insiders" claim Infosys is "becoming more flexible on its premium pricing."
Comment![Tech, Earnings, Quick Ideas]
Tuesday, November 20, 2012, 12:13 PM
A few more companies that appear to be casualties of H-P's FQ4 disaster (I, II): IT services firms Infosys (INFY -2.9%), Wipro (WIT -1.6%), and Sapient (SAPE -1.4%), hard drive vendors Seagate (STX -1.4%) and Western Digital (WDC -2.5%), and middleware vendor/H-P acquisition rumor subject Tibco (TIBX -3.4%). (previous)
Comment![Tech, On the Move]
Wednesday, November 7, 2012, 5:45 PMSapient (SAPE): Q3 EPS of $0.20 beats by $0.07. Revenue of $299.3M (+9.8% Y/Y) beats by $18M. (PR)
Comment![Earnings, Tech]
Tuesday, August 7, 2012, 4:17 PMSapient (SAPE): Q2 EPS of $0.15 beats by $0.01. Revenue of $279M (+9.6% Y/Y) beats by $1.3M. Shares +2.3% AH. (PR)
Comment![Earnings, Tech, On the Move]
Thursday, July 12, 2012, 2:46 PM
As IT outsourcing names slump on account of Infosys' (INFY -11.4%) guidance cut, GM, which currently outsources ~90% of its IT services, says it will hire thousands of new IT workers over the next 3-5 years. GM, which also plans to cut the number of applications it supports by 40% and consolidate from 23 data centers to 2 (GM is far from alone in consolidating), claims the moves will lower process times and improve efficiency.
Comment![Tech, Consumer]
Thursday, July 12, 2012, 9:13 AM
Infosys' (INFY) guidance cut takes a toll on other IT outsourcing names. CTSH -3.8%. SAPE -2.7% ACN -1.1%. Wipro (WIT) fell 4% on the Mumbai exchange. Infosys also issued a disappointing Q1 report in April, and it was followed by an equally bad report in May from Cognizant. Europe's weak economy and currency are clearly problems, though Gartner has long been voicing concerns about the impact of cloud services on outsourcing.
1 Comment[Tech, On the Move]
Tuesday, June 26, 2012, 1:11 PM
IT services providers Sapient (SAPE -6.5%) and Cognizant (CTSH -1.8%) sell off after Goldman downgrades shares to Sell on concerns about Euro demand, financial sector woes, and forex. Goldman notes Cognizant and Sapient derive 41% and 31% of their sales, respectively, from the financial sector, and believes Europe's problems are affecting both discretionary and consumer-driven IT spending. Both Cognizant and industry giant Infosys (INFY) offered weak guidance this spring.
Comment![Tech, On the Move, Quick Ideas]
Thursday, May 3, 2012, 8:27 PMSapient (SAPE): Q1 EPS of $0.11 misses by $0.02. Revenue of $260.6M (+8% Y/Y) in-line. (PR)
Comment![Earnings, Tech]
Tuesday, February 14, 2012, 5:58 PMSapient (SAPE): Q4 EPS of $0.23 beats by $0.04. Revenue of $262.2M (+17.6% Y/Y) in-line. Shares -5.5% AH. (PR)
Comment![Earnings, Tech, On the Move]