SAPIENT CORP (SAPE) [Rocket]

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
SapientNitro	851.0	771.9	685.7	514.7	405.0	461.7
Sapient Global Markets	350.7	298.1	283.0	260.4	198.0	172.5
Sapient Government Services	57.6	51.0	52.4	48.4	35.8	28.3
North America							357.1	283.0
Other	45.8	40.5	41.4	40.0	27.8	25.1	208.9	138.7
Total revenues [+]	1,305.2	1,161.5	1,062.4	863.5	666.7	687.5	566.0	421.6
Services	1,259.4	1,121.0	1,021.1	823.5	638.9	662.4
Reimbursements	45.8	40.5	41.4	40.0	27.8	25.1
Revenue growth [+]	12.4%	9.3%	23.0%	29.5%	-3.0%	21.5%	34.2%	28.9%
SapientNitro	10.3%	12.6%	33.2%	27.1%	-12.3%
Sapient Global Markets	17.7%	5.3%	8.7%	31.5%	14.8%
Sapient Government Services	12.9%	-2.6%	8.2%	35.2%	26.7%
North America							26.2%	45.6%
Europe							55.9%	12.7%
Cost of goods sold [+]	901.6	812.5	738.4	604.4	463.7	460.6	391.9	286.3
Labor costs	855.8	772.0	697.0	564.4	435.9	435.5
Reimbursable costs	45.8	40.5	41.4	40.0	27.8	25.1
Gross profit	403.7	349.0	324.1	259.1	203.0	226.9	174.1	135.4
Gross margin	30.9%	30.0%	30.5%	30.0%	30.5%	33.0%	30.8%	32.1%
Selling, general and administrative [+]	266.6	237.2	211.7	189.6	149.9	159.4	153.7	133.0
Sales and marketing	50.6	44.7	39.0	38.8	31.9	36.2	33.1	24.0
General and administrative	216.1	192.5	172.6	150.8	118.0	123.2	120.6	109.0
Other operating expenses	12.6	15.4	8.7	5.4	5.1	2.7	2.0	3.6
EBITDA [+]	164.3	131.0	130.0	85.7	69.1	84.7	35.6	12.3
EBITDA growth	25.4%	0.8%	51.7%	24.1%	-18.5%	137.6%	188.9%	-64.2%
EBITDA margin	12.6%	11.3%	12.2%	9.9%	10.4%	12.3%	6.3%	2.9%
Depreciation	27.1	23.5	19.4	16.2	16.0	17.2	15.3	10.0
EBITA	137.2	107.5	110.6	69.5	53.1	67.5	20.3	2.3
EBITA margin	10.5%	9.3%	10.4%	8.0%	8.0%	9.8%	3.6%	0.6%
Amortization of intangibles	12.8	11.1	6.8	5.4	5.1	2.7	2.0	3.6
EBIT [+]	124.4	96.4	103.7	64.0	47.9	64.8	18.3	-1.2
EBIT growth	29.0%	-7.1%	62.0%	33.6%	-26.1%	254.1%	-1574.0%	-104.6%
EBIT margin	9.5%	8.3%	9.8%	7.4%	7.2%	9.4%	3.2%	-0.3%
Non-recurring items [+]	4.1	0.4	6.5	0.5	7.5	0.2	0.0	1.9
Asset impairment	2.1
Interest income, net [+]	6.6	5.6	6.0	3.5	2.9	5.8	5.5	4.2
Interest expense	2.6	1.8	0.3
Interest income	6.6	5.6	6.0	3.5	2.9	5.8	5.5	4.2
Other income (expense), net	0.9	0.8	0.6	0.2	0.3	1.3	0.4	6.5
Pre-tax income	125.2	100.6	103.6	67.2	43.6	71.7	24.2	7.6
Income taxes	47.7	41.8	36.8	24.5	13.7	9.2	9.0	4.4
Tax rate	38.1%	41.5%	35.5%	36.5%	31.5%	12.9%	37.1%	58.6%
Minority interest	-0.2
Earnings from continuing ops	77.7	58.8	66.8	42.7	88.1	62.5	15.2	3.1
Earnings from discontinued ops								4.4
Net income	77.7	58.8	66.8	42.7	88.1	62.5	15.2	3.1
Net margin	6.0%	5.1%	6.3%	4.9%	13.2%	9.1%	2.7%	0.7%

Basic EPS [+]	$0.56	$0.43	$0.48	$0.32	$0.69	$0.50	$0.12	$0.03
Growth	31.3%	-12.1%	49.9%	-53.1%	38.9%	304.7%	383.3%	-88.0%
Diluted EPS [+]	$0.54	$0.41	$0.47	$0.31	$0.66	$0.48	$0.12	$0.03
Growth	31.7%	-12.0%	52.8%	-53.6%	37.1%	294.8%	383.3%	-88.0%

Dividends per share [+]			$0.35	$0.35
Growth		-100.0%	0.0%

Shares outstanding (basic) [+]	139.1	138.2	137.8	132.1	128.0	126.0	124.2	123.7
Growth	0.7%	0.3%	4.3%	3.2%	1.6%	1.5%	0.4%	-0.8%
Shares outstanding (diluted) [+]	142.6	142.1	142.0	138.7	132.9	129.2	124.2	123.7
Growth	0.4%	0.1%	2.4%	4.4%	2.9%	4.0%	0.4%	-0.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.