• Annual Reports
2009 Annual Report

2008 Annual Report

2007 Annual Report

2006 Shareholder Letter
As a global services company specializing in solving complex challenges where business, technology, and marketing intersect, we are passionate about doing what is in the best interests of our clients and their businesses. Our commitment to our clients’ success is deeply rooted in our unique value proposition: we bring together the best talent in the industry; unparalleled predictability, rigor, and process; and a global footprint to create the greatest possible return on our clients’ investments. Throughout 2006, we continued to see strong demand from new and existing clients for our services in both the consulting and interactive marketing spaces, resulting in 29% top-line growth. Our project win rates reached unprecedented highs, as we continued to expand our client base and grow our people count to nearly 5,000 globally."

2005 Shareholder Letter
2005 was a year of solid growth and innovation for Sapient. We grew our revenues by 26%, led by strong performance in our U.S. businesses. We significantly increased our long-term revenues, which has been a strategic priority for us over the past several years. We once again achieved high levels of client satisfaction with 99% of our clients stating they would recommend us to a friend or colleague. Additionally, we positioned ourselves for continued growth in our five core service areas: Marketing, Business & IT Strategy, Business Applications, Business Intelligence, and Outsourcing. For the year, consolidated services revenues were $319.5 million, with long-term revenues increasing to 34% of 2005 revenues from 25% in 2004. Net income on a U.S. GAAP basis totaled $25.7 million, or $0.20 per diluted share, compared to $22.8 million, or $0.18 per diluted share, in 2004.

2004 Shareholder Letter
2004 was a strong year for Sapient on all fronts. We made significant gains on the goals we outlined at the beginning of the year: achieve acceleration in our business, continue our commitment to excellence in the work we perform for clients, and attract and retain great people. Already known for high levels of client satisfaction, we achieved the highest results in our history in 2004. Moreover, we were recognized for our outstanding contributions to client success and as a great place to work. Our recurring revenues, or engagements that span at least one year and include multiple initiatives, more than doubled — increasing to 25 percent of 2004 revenues from 17 percent of revenues in 2003. Consolidated services revenues were $253.9 million, a 37-percent increase over consolidated services revenues of $184.8 million for 2003. Our income from continuing operations on a U.S. GAAP basis for the year totaled $22.8 million, or $.18 per diluted share. Our operating margin improved significa

2003 Shareholder Letter
We began 2003 with two important goals: to deliver profitable growth and build a better business. We are pleased to report significant progress on both goals. In 2003, we grew our revenues for four consecutive quarters, as well as year-over-year, and were profitable in the final two quarters of the year. We also made strides in improving our business model by increasing our long-term recurring revenue and achieving a better balance of revenues by industry and geography. Consolidated services revenues were $184.8 million, a six-percent increase over consolidated services revenues of $173.8 million for 2002. Our loss from continuing operations on a U.S. GAAP basis for the year totaled $4.9 million, or $.04 per diluted share, compared to a loss of $222.5 million, or $1.78 per diluted share, for the year 2002.

2002 Shareholder Letter
2002 was a transition year for Sapient. In an extremely challenging market, we stabilized revenues, and, compared to the second quarter, experienced modest growth in the final six months of the year. We also made great strides in our cost structure, better preparing us to return to the profitability we enjoyed for almost ten years. Consolidated revenues were $173.8 million; net loss for the year on a U.S. GAAP basis totaled $225 million. We finished 2002 with a strong balance sheet, with combined cash, cash equivalents, restricted cash, and marketable investments of $181.4 million as of December 31.

2001 Shareholder Letter
2001 was a difficult year for Sapient; the unprecedented spending we saw in 1999 and 2000 subsided as well-established organizations-our clients-turned their attention to integrating their existing technology investments. Consolidated revenues were $329.7 million; net loss for the year totaled $189.8 million. On a positive note, our balance sheet remains solid, with combined cash and short-term investments of $245 million as of December 31. The performance of our international operations is also strong, with revenues from these units increasing by 73 percent to over $75 million in 2001.

2000 Shareholder Letter
2000 was the year companies shifted from looking at the Internet as a point solution to considering the competitive advantages that digital, networked technologies make possible throughout their enterprises. In the midst of this dramatic and rapid market change, Sapient recorded strong growth and generated approximately $100 million in cash flow from operations. For the year, we reported consolidated revenues of $503.3 million, an 82 percent increase over revenues for 1999. Net earnings rose to $47 million, a 55 percent increase over net earnings for 1999.

1999 Shareholder Letter
Our 1999 annual report highlights Sapient's understanding of the new, connected economy, and speaks to our vision of the potential this holds for business — all business. We anticipate a future where players across the transaction chain will be so efficiently connected through the intelligent use of technology, that the "ripple" of a purchase will enable each party in the demand and supply chain to satisfy and be satisfied more than ever before.

1998 Shareholder Letter
1998 was a year of success and milestones for Sapient. Our revenues increased by 77 percent. Our net income increased by 65 percent. We opened our first international office in London, and a new office in Los Angeles. Our staff grew by 77 percent, while our turnover rate stayed among the lowest in the industry. We partnered with new clients and invested in our relationships with existing clients. We expanded and enhanced our services and expertise in response to market changes. We acquired Studio Archetype, creating an integrated, end-to-end offering of e-business transformation services.

1997 Shareholder Letter
1997 was another successful year for Sapient. Revenues increased by 84 percent and net income nearly doubled. We opened three new offices, grew our staff by 54 percent, added new clients while achieving a repeat business rate of 65 percent, and firmly established our presence in the ERP market by acquiring EXOR Technologies.

1996 Shareholder Letter
Our first annual report chronicled a year of strong growth: record revenue and income, doubling of our employee base, high-impact delivery for new and existing clients, and a successful initial public offering.

Get help downloading or viewing the above file types

Print Page Print Page | E-mail Page E-mail Page | RSS Feeds RSS Feeds | E-mail Alerts E-mail Alerts | IR Contacts IR Contacts | Financial Tear Sheet Financial Tear Sheet