<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1999 OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO
COMMISSION FILE NUMBER: 0-28074
SAPIENT CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 04-3130648
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
ONE MEMORIAL DRIVE, CAMBRIDGE, MA 02142
(Address of Principal Executive (Zip Code)
Offices)
617-621-0200
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)
Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]
As of May 10, 1999, there were 27,868,320 shares of Common Stock, $.01 par
value, outstanding.
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This Amendment on Form 10-Q/A to the Registrant's Quarterly Report on Form 10-Q
as filed by the Registrant on May 14, 1999 (the "Quarterly Report") amends and
restates Part II, Item 6 of the Quarterly Report as follows:
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibits
11.1 Computation of shares used in computing Basic and Diluted Net
Income per Share
27.1 Financial data schedule for the periods ended December 31, 1998.
27.2 Financial data schedule for the periods ended September 30, 1998.
27.3 Financial data schedule for the periods ended June 30, 1998.
27.4 Financial data schedule for the period ended March 31, 1998.
27.5 Financial data schedule for the periods ended December 31, 1997.
27.6 Financial date schedule for the periods ended September 30, 1997.
27.7 Financial data schedule for the periods ended June 30, 1997.
27.8 Financial data schedule for the period ended March 31, 1997.
(b) Reports on Form 8-K.
On February 23, 1999, the Company filed Amendment No. 2 on Form 8-K/A
("Amendment No. 2") to the Current Report on Form 8-K/A as filed on August 31,
1998 and amended on November 4, 1998 ("Amendment No. 1"), for the purpose of
amending and restating the pro forma financial information previously reported
in Amendment No. 1. The Company filed the following financial statements with
Amendment No. 2:
Pro Forma Condensed Consolidated Balance Sheet as of June 30, 1998
Pro Forma Condensed Consolidated Statement of Operations for the six
months ended June 30, 1998
Pro Forma Condensed Consolidated Statement of Operations for the year
ended December 31, 1997
Notes to the Pro Forma Combined Condensed Financial Statements
1
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SAPIENT CORPORATION
Date: May 19, 1999 By /s/ JERRY A. GREENBERG
-------------------------------------
JERRY A. GREENBERG
CO-CHIEF EXECUTIVE OFFICER
CO-CHAIRMAN OF THE BOARD
Date: May 19, 1999 By /s/ SUSAN D. JOHNSON
-------------------------------------
SUSAN D. JOHNSON
CHIEF FINANCIAL OFFICER
2
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<PERIOD-END> DEC-31-1998 DEC-31-1998
<CASH> 39,320,129 39,320,129
<SECURITIES> 52,500,357 52,500,357
<RECEIVABLES> 53,653,037 53,653,037
<ALLOWANCES> 550,000 550,000
<INVENTORY> 0 0
<CURRENT-ASSETS> 152,630,218 152,630,218
<PP&E> 24,684,735 24,684,735
<DEPRECIATION> 10,237,961 10,237,961
<TOTAL-ASSETS> 187,701,706 187,701,706
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<RECEIVABLES> 44,388,847 44,388,847
<ALLOWANCES> 525,000 525,000
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<INCOME-PRETAX> (2,064,902) 12,977,532
<INCOME-TAX> (667,984) 4,764,882
<INCOME-CONTINUING> (1,396,918) 8,212,650
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<ALLOWANCES> 425,000 425,000
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<PP&E> 14,380,705 14,380,705
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<TOTAL-ASSETS> 136,446,885 136,446,885
<CURRENT-LIABILITIES> 12,433,608 12,433,608
<BONDS> 0 0
0 0
0 0
<COMMON> 254,132 254,132
<OTHER-SE> 122,683,522 122,683,522
<TOTAL-LIABILITY-AND-EQUITY> 136,446,885 136,446,885
<SALES> 36,419,866 68,015,222
<TOTAL-REVENUES> 36,419,866 68,015,222
<CGS> 0 0
<TOTAL-COSTS> 28,904,416 54,238,965
<OTHER-EXPENSES> 0 0
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<INTEREST-EXPENSE> 676,147 1,266,177
<INCOME-PRETAX> 8,191,597 15,042,434
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<INCOME-CONTINUING> 5,262,680 9,609,568
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<PERIOD-END> MAR-31-1998
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<SECURITIES> 23,875,397
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<DISCONTINUED> 0
<EXTRAORDINARY> 0
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<EPS-PRIMARY> 0.17
<EPS-DILUTED> 0.16
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<PERIOD-END> DEC-31-1997 DEC-31-1997
<CASH> 47,314,306 47,314,306
<SECURITIES> 17,091,604 17,091,604
<RECEIVABLES> 26,270,588 26,270,588
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<TOTAL-REVENUES> 27,528,648 91,420,609
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<TOTAL-COSTS> 22,632,635 73,273,788
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<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 496,430 2,064,694
<INCOME-PRETAX> 5,392,446 20,211,515
<INCOME-TAX> 2,105,830 7,702,847
<INCOME-CONTINUING> 3,286,616 12,508,668
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<SECURITIES> 18,519,133 18,519,133
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<INCOME-TAX> 2,076,630 5,597,017
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<EPS-PRIMARY> 0.14 0.38
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<PERIOD-END> JUN-30-1997 JUN-30-1997
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<DEPRECIATION> 2,733,375 2,733,375
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<CURRENT-LIABILITIES> 9,595,304 9,595,304
<BONDS> 0 0
0 0
0 0
<COMMON> 233,053 233,053
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0
0
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