Stock Watch: Sapient Climbs on Q2 Results, Stock Split

Sapient Corp. (Nasdaq: SAPE) rose 16 15/16 to 120 13/16 Wednesday after announcing higher revenue and earnings for the second quarter and setting a 2-for-1 stock split.

Sapient said revenue for the quarter rose 96 percent from a year earlier to $125.8 million, while pro forma net income before charges rose to $15.6 million, or 23 cents per diluted share, from $8.2 million, or 13 cents.

The stock split will take the form of a 100 percent stock dividend to shareholders of record as of August 14th.

The Cambridge, Massachusetts-based Sapient provides Internet consulting services.

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