BOSTON, Mass. — August 7, 2008 — Sapient (NASDAQ: SAPE) today reported the following financial results for the second quarter ended June 30, 2008:

• Service revenues were $165.8 million, an increase of 29% from $128.6 million in the second quarter of 2007 and an 8% sequential increase from $154.2 million in the first quarter of 2008.
• GAAP income from operations was $12.2 million, or 7.3% of service revenues, an increase of $10.8 million from the $1.4 million reported in the second quarter of 2007.  Sequentially, GAAP income from operations in the second quarter of 2008 more than doubled from $5.8 million in the first quarter of 2008.
• Non-GAAP income from operations (excluding stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement) was $17.3 million, or 10.4% of service revenues.  This compares to non-GAAP income from operations of $9.9 million, or 7.7% of service revenues, in the second quarter of 2007 and $11.4 million, or 7.4% of service revenues, in the first quarter of 2008.
• GAAP diluted net income per share was $0.09, compared to $0.01 in the second quarter of 2007.
• Non-GAAP diluted net income per share was $0.13, compared to $0.07 in the second quarter of 2007.

“Our excellent results this quarter continue to demonstrate the unique position we hold in the market and our compelling value proposition for clients,” said Sapient President and Chief Executive Officer Alan J. Herrick.  “We continue to see a rich set of opportunities in the markets we serve, led by strong growth in both our Interactive and Trading and Risk Management practices.”

The Company generated cash from operations of $22.0 million in the second quarter of 2008, compared to $5.8 million of cash in the second quarter of 2007.  Days sales outstanding was 63 days for the second quarter of 2008, unchanged from the first quarter of 2008 and down from 80 days in the second quarter of 2007.  During the second quarter of 2008, the Company repurchased 1.1 million shares of its common stock for $7.9 million.

Derivatives Consulting Group Acquisition
Sapient also announced today, in a separate press release, that it acquired London-based Derivatives Consulting Group Limited, a leading provider of derivatives consulting and process outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients.

Outlook
Sapient management provided the following guidance:

For the third quarter ending September 30, 2008, including the expected effect of the Derivatives Consulting Group acquisition:

• Service revenues are expected to be $177 million or higher, including approximately $7 million of Derivatives Consulting Group-related revenue.
• Non-GAAP operating margin is expected to be 10.5% or higher.

Webcast and Conference Call
Sapient will host a discussion of its second quarter results at 4:30 p.m. (EDT) today, which will be broadcast live on the Internet.  The dial-in information for the conference call is:
U.S.:  (888) 679-8018
International:   (617) 213-4845
Passcode:  73130585

Please use the following link to pre-register for the conference call:
https://www.theconferencingservice.com/prereg/key.process?key=P8GKPTPPY

Please use the following link to access the live webcast of this event as well as an archive of the webcast:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65979&eventID=1868268

The link to the webcast will also be posted at:
http://www.sapient.com/about+us/Investors.htm.

In addition, a re-broadcast of the conference call will be available from August 7th at 7:00 p.m. (EDT) through August 21st at 11:59 p.m. (EDT).  The replay information is as follows:
U.S.:  (888) 286-8010
International:   (617) 801-6888
Passcode:  17260020

Adjusted (Non-GAAP) Financial Measures
Sapient provides non-GAAP financial measures to complement reported GAAP results.  Management believes these measures help illustrate underlying trends in the Company's business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company’s business and evaluating its performance.  The Company anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement.  However, because the Company’s reported non-GAAP financial measures are not calculated according to GAAP, these measures may not necessarily be comparable to GAAP or similarly described non-GAAP measures reported by other companies within the Company’s industry.  Consequently, Sapient’s non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but, rather, should be considered together with its consolidated financial statements, which are prepared according to GAAP.

Safe Harbor Statement
This press release contains forward-looking statements – in particular, the financial guidance for future periods and the expectation of future investments in the Company’s business – that involve a number of risks and uncertainties.  Actual results could differ materially from management’s expectations.  A number of factors could cause actual events to differ materially from those indicated, including, without limitation:  the continued acceptance of the Company’s services; the Company’s ability to accurately set fees for and complete its current and future client projects on a timely basis, successfully manage risks associated with its international operations, manage its growth and projects effectively, successfully integrate and achieve anticipated benefits from acquisitions, continue to attract and retain high-quality employees and other risk factors set forth in the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the SEC.

About Sapient
Sapient, a global services firm, operates two groups—Sapient Interactive and Sapient Consulting—that help clients compete, evolve and grow in an increasingly complex marketplace.  Sapient Interactive provides brand and marketing strategy, award-winning creative work, web design and development and emerging media expertise.  Sapient Consulting provides business and IT strategy, process and systems design, package implementation and custom development, as well as outsourcing services such as testing, maintenance and support.

Sapient’s passion for client success—evidenced by its ability to foster collaboration, drive innovation and solve challenging problems—is the subject of case studies on leadership and organizational behavior used by MBA students at both Harvard and Yale.  Leading clients, including BP, Essent Energie, Hilton International, Janus, Sony Electronics and Verizon, rely on the company’s unique approach to drive growth and market momentum.  Headquartered in Boston, Sapient operates across North America, Europe and India.  For more information, please visit www.sapient.com.

To view the financial schedules that are part of this release, Click here.

# # #
Sapient is a registered service mark of Sapient Corporation. 

Gail Scibelli
Sapient
tel:  +1.305.581.0095
e-mail:  gscibelli@sapient.com

Jeff Drew
fama PR
tel:  +1.617.758.4145
e-mail:  sapient@famapr.com

Dean Ridlon
Sapient
tel:  +1.617.963.1598
e-mail:  dridlon@sapient.com

BOSTON, Mass. — August 7, 2008 — Sapient (NASDAQ: SAPE) today reported the following financial results for the second quarter ended June 30, 2008:

• Service revenues were $165.8 million, an increase of 29% from $128.6 million in the second quarter of 2007 and an 8% sequential increase from $154.2 million in the first quarter of 2008.
• GAAP income from operations was $12.2 million, or 7.3% of service revenues, an increase of $10.8 million from the $1.4 million reported in the second quarter of 2007. Sequentially, GAAP income from operations in the second quarter of 2008 more than doubled from $5.8 million in the first quarter of 2008.
• Non-GAAP income from operations (excluding stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement) was $17.3 million, or 10.4% of service revenues. This compares to non-GAAP income from operations of $9.9 million, or 7.7% of service revenues, in the second quarter of 2007 and $11.4 million, or 7.4% of service revenues, in the first quarter of 2008.
• GAAP diluted net income per share was $0.09, compared to $0.01 in the second quarter of 2007.
• Non-GAAP diluted net income per share was $0.13, compared to $0.07 in the second quarter of 2007.

“Our excellent results this quarter continue to demonstrate the unique position we hold in the market and our compelling value proposition for clients,” said Sapient President and Chief Executive Officer Alan J. Herrick. “We continue to see a rich set of opportunities in the markets we serve, led by strong growth in both our Interactive and Trading and Risk Management practices.”

The Company generated cash from operations of $22.0 million in the second quarter of 2008, compared to $5.8 million of cash in the second quarter of 2007. Days sales outstanding was 63 days for the second quarter of 2008, unchanged from the first quarter of 2008 and down from 80 days in the second quarter of 2007. During the second quarter of 2008, the Company repurchased 1.1 million shares of its common stock for $7.9 million.

Derivatives Consulting Group Acquisition
Sapient also announced today, in a separate press release, that it acquired London-based Derivatives Consulting Group Limited, a leading provider of derivatives consulting and process outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients.

Outlook
Sapient management provided the following guidance:

For the third quarter ending September 30, 2008, including the expected effect of the Derivatives Consulting Group acquisition:

• Service revenues are expected to be $177 million or higher, including approximately $7 million of Derivatives Consulting Group-related revenue.
• Non-GAAP operating margin is expected to be 10.5% or higher.

Webcast and Conference Call
Sapient will host a discussion of its second quarter results at 4:30 p.m. (EDT) today, which will be broadcast live on the Internet. The dial-in information for the conference call is:
U.S.: (888) 679-8018
International: (617) 213-4845
Passcode: 73130585

Please use the following link to pre-register for the conference call:
https://www.theconferencingservice.com/prereg/key.process?key=P8GKPTPPY

Please use the following link to access the live webcast of this event as well as an archive of the webcast:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65979&eventID=1868268

The link to the webcast will also be posted at:
http://www.sapient.com/about+us/Investors.htm.

In addition, a re-broadcast of the conference call will be available from August 7th at 7:00 p.m. (EDT) through August 21st at 11:59 p.m. (EDT). The replay information is as follows:
U.S.: (888) 286-8010
International: (617) 801-6888
Passcode: 17260020

Adjusted (Non-GAAP) Financial Measures
Sapient provides non-GAAP financial measures to complement reported GAAP results. Management believes these measures help illustrate underlying trends in the Company's business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company’s business and evaluating its performance. The Company anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement. However, because the Company’s reported non-GAAP financial measures are not calculated according to GAAP, these measures may not necessarily be comparable to GAAP or similarly described non-GAAP measures reported by other companies within the Company’s industry. Consequently, Sapient’s non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but, rather, should be considered together with its consolidated financial statements, which are prepared according to GAAP.

Safe Harbor Statement
This press release contains forward-looking statements – in particular, the financial guidance for future periods and the expectation of future investments in the Company’s business – that involve a number of risks and uncertainties. Actual results could differ materially from management’s expectations. A number of factors could cause actual events to differ materially from those indicated, including, without limitation: the continued acceptance of the Company’s services; the Company’s ability to accurately set fees for and complete its current and future client projects on a timely basis, successfully manage risks associated with its international operations, manage its growth and projects effectively, successfully integrate and achieve anticipated benefits from acquisitions, continue to attract and retain high-quality employees and other risk factors set forth in the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the SEC.

About Sapient
Sapient, a global services firm, operates two groups—Sapient Interactive and Sapient Consulting—that help clients compete, evolve and grow in an increasingly complex marketplace. Sapient Interactive provides brand and marketing strategy, award-winning creative work, web design and development and emerging media expertise. Sapient Consulting provides business and IT strategy, process and systems design, package implementation and custom development, as well as outsourcing services such as testing, maintenance and support.

Sapient’s passion for client success—evidenced by its ability to foster collaboration, drive innovation and solve challenging problems—is the subject of case studies on leadership and organizational behavior used by MBA students at both Harvard and Yale. Leading clients, including BP, Essent Energie, Hilton International, Janus, Sony Electronics and Verizon, rely on the company’s unique approach to drive growth and market momentum. Headquartered in Boston, Sapient operates across North America, Europe and India. For more information, please visit www.sapient.com.

To view the financial schedules that are part of this release, Click here.

# # #
Sapient is a registered service mark of Sapient Corporation.

Gail Scibelli
Sapient
tel:  +1.305.581.0095
e-mail:  gscibelli@sapient.com

Jeff Drew
fama PR
tel:  +1.617.758.4145
e-mail:  sapient@famapr.com

Dean Ridlon
Sapient
tel:  +1.617.963.1598
e-mail:  dridlon@sapient.com

BOSTON, Mass. — August 7, 2008 — Sapient (NASDAQ: SAPE) today reported the following financial results for the second quarter ended June 30, 2008:

• Service revenues were $165.8 million, an increase of 29% from $128.6 million in the second quarter of 2007 and an 8% sequential increase from $154.2 million in the first quarter of 2008.
• GAAP income from operations was $12.2 million, or 7.3% of service revenues, an increase of $10.8 million from the $1.4 million reported in the second quarter of 2007. Sequentially, GAAP income from operations in the second quarter of 2008 more than doubled from $5.8 million in the first quarter of 2008.
• Non-GAAP income from operations (excluding stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement) was $17.3 million, or 10.4% of service revenues. This compares to non-GAAP income from operations of $9.9 million, or 7.7% of service revenues, in the second quarter of 2007 and $11.4 million, or 7.4% of service revenues, in the first quarter of 2008.
• GAAP diluted net income per share was $0.09, compared to $0.01 in the second quarter of 2007.
• Non-GAAP diluted net income per share was $0.13, compared to $0.07 in the second quarter of 2007.

“Our excellent results this quarter continue to demonstrate the unique position we hold in the market and our compelling value proposition for clients,” said Sapient President and Chief Executive Officer Alan J. Herrick. “We continue to see a rich set of opportunities in the markets we serve, led by strong growth in both our Interactive and Trading and Risk Management practices.”

The Company generated cash from operations of $22.0 million in the second quarter of 2008, compared to $5.8 million of cash in the second quarter of 2007. Days sales outstanding was 63 days for the second quarter of 2008, unchanged from the first quarter of 2008 and down from 80 days in the second quarter of 2007. During the second quarter of 2008, the Company repurchased 1.1 million shares of its common stock for $7.9 million.

Derivatives Consulting Group Acquisition
Sapient also announced today, in a separate press release, that it acquired London-based Derivatives Consulting Group Limited, a leading provider of derivatives consulting and process outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients.

Outlook
Sapient management provided the following guidance:

For the third quarter ending September 30, 2008, including the expected effect of the Derivatives Consulting Group acquisition:

• Service revenues are expected to be $177 million or higher, including approximately $7 million of Derivatives Consulting Group-related revenue.
• Non-GAAP operating margin is expected to be 10.5% or higher.

Webcast and Conference Call
Sapient will host a discussion of its second quarter results at 4:30 p.m. (EDT) today, which will be broadcast live on the Internet. The dial-in information for the conference call is:
U.S.: (888) 679-8018
International: (617) 213-4845
Passcode: 73130585

Please use the following link to pre-register for the conference call:
https://www.theconferencingservice.com/prereg/key.process?key=P8GKPTPPY

Please use the following link to access the live webcast of this event as well as an archive of the webcast:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65979&eventID=1868268

The link to the webcast will also be posted at:
http://www.sapient.com/about+us/Investors.htm.

In addition, a re-broadcast of the conference call will be available from August 7th at 7:00 p.m. (EDT) through August 21st at 11:59 p.m. (EDT). The replay information is as follows:
U.S.: (888) 286-8010
International: (617) 801-6888
Passcode: 17260020

Adjusted (Non-GAAP) Financial Measures
Sapient provides non-GAAP financial measures to complement reported GAAP results. Management believes these measures help illustrate underlying trends in the Company's business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company’s business and evaluating its performance. The Company anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement. However, because the Company’s reported non-GAAP financial measures are not calculated according to GAAP, these measures may not necessarily be comparable to GAAP or similarly described non-GAAP measures reported by other companies within the Company’s industry. Consequently, Sapient’s non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but, rather, should be considered together with its consolidated financial statements, which are prepared according to GAAP.

Safe Harbor Statement
This press release contains forward-looking statements – in particular, the financial guidance for future periods and the expectation of future investments in the Company’s business – that involve a number of risks and uncertainties. Actual results could differ materially from management’s expectations. A number of factors could cause actual events to differ materially from those indicated, including, without limitation: the continued acceptance of the Company’s services; the Company’s ability to accurately set fees for and complete its current and future client projects on a timely basis, successfully manage risks associated with its international operations, manage its growth and projects effectively, successfully integrate and achieve anticipated benefits from acquisitions, continue to attract and retain high-quality employees and other risk factors set forth in the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the SEC.

About Sapient
Sapient, a global services firm, operates two groups—Sapient Interactive and Sapient Consulting—that help clients compete, evolve and grow in an increasingly complex marketplace. Sapient Interactive provides brand and marketing strategy, award-winning creative work, web design and development and emerging media expertise. Sapient Consulting provides business and IT strategy, process and systems design, package implementation and custom development, as well as outsourcing services such as testing, maintenance and support.

Sapient’s passion for client success—evidenced by its ability to foster collaboration, drive innovation and solve challenging problems—is the subject of case studies on leadership and organizational behavior used by MBA students at both Harvard and Yale. Leading clients, including BP, Essent Energie, Hilton International, Janus, Sony Electronics and Verizon, rely on the company’s unique approach to drive growth and market momentum. Headquartered in Boston, Sapient operates across North America, Europe and India. For more information, please visit www.sapient.com.

To view the financial schedules that are part of this release, Click here.

# # #
Sapient is a registered service mark of Sapient Corporation.

Gail Scibelli
Sapient
tel:  +1.305.581.0095
e-mail:  gscibelli@sapient.com

Jeff Drew
fama PR
tel:  +1.617.758.4145
e-mail:  sapient@famapr.com

Dean Ridlon
Sapient
tel:  +1.617.963.1598
e-mail:  dridlon@sapient.com

BOSTON, Mass. — August 7, 2008 — Sapient (NASDAQ: SAPE) today reported the following financial results for the second quarter ended June 30, 2008:

• Service revenues were $165.8 million, an increase of 29% from $128.6 million in the second quarter of 2007 and an 8% sequential increase from $154.2 million in the first quarter of 2008.
• GAAP income from operations was $12.2 million, or 7.3% of service revenues, an increase of $10.8 million from the $1.4 million reported in the second quarter of 2007. Sequentially, GAAP income from operations in the second quarter of 2008 more than doubled from $5.8 million in the first quarter of 2008.
• Non-GAAP income from operations (excluding stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement) was $17.3 million, or 10.4% of service revenues. This compares to non-GAAP income from operations of $9.9 million, or 7.7% of service revenues, in the second quarter of 2007 and $11.4 million, or 7.4% of service revenues, in the first quarter of 2008.
• GAAP diluted net income per share was $0.09, compared to $0.01 in the second quarter of 2007.
• Non-GAAP diluted net income per share was $0.13, compared to $0.07 in the second quarter of 2007.

“Our excellent results this quarter continue to demonstrate the unique position we hold in the market and our compelling value proposition for clients,” said Sapient President and Chief Executive Officer Alan J. Herrick. “We continue to see a rich set of opportunities in the markets we serve, led by strong growth in both our Interactive and Trading and Risk Management practices.”

The Company generated cash from operations of $22.0 million in the second quarter of 2008, compared to $5.8 million of cash in the second quarter of 2007. Days sales outstanding was 63 days for the second quarter of 2008, unchanged from the first quarter of 2008 and down from 80 days in the second quarter of 2007. During the second quarter of 2008, the Company repurchased 1.1 million shares of its common stock for $7.9 million.

Derivatives Consulting Group Acquisition
Sapient also announced today, in a separate press release, that it acquired London-based Derivatives Consulting Group Limited, a leading provider of derivatives consulting and process outsourcing services to investment banks, hedge funds, asset managers and commercial banking clients.

Outlook
Sapient management provided the following guidance:

For the third quarter ending September 30, 2008, including the expected effect of the Derivatives Consulting Group acquisition:

• Service revenues are expected to be $177 million or higher, including approximately $7 million of Derivatives Consulting Group-related revenue.
• Non-GAAP operating margin is expected to be 10.5% or higher.

Webcast and Conference Call
Sapient will host a discussion of its second quarter results at 4:30 p.m. (EDT) today, which will be broadcast live on the Internet. The dial-in information for the conference call is:
U.S.: (888) 679-8018
International: (617) 213-4845
Passcode: 73130585

Please use the following link to pre-register for the conference call:
https://www.theconferencingservice.com/prereg/key.process?key=P8GKPTPPY

Please use the following link to access the live webcast of this event as well as an archive of the webcast:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65979&eventID=1868268

The link to the webcast will also be posted at:
http://www.sapient.com/about+us/Investors.htm.

In addition, a re-broadcast of the conference call will be available from August 7th at 7:00 p.m. (EDT) through August 21st at 11:59 p.m. (EDT). The replay information is as follows:
U.S.: (888) 286-8010
International: (617) 801-6888
Passcode: 17260020

Adjusted (Non-GAAP) Financial Measures
Sapient provides non-GAAP financial measures to complement reported GAAP results. Management believes these measures help illustrate underlying trends in the Company's business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company’s business and evaluating its performance. The Company anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude stock-based compensation expense, restructuring and other related charges, amortization of purchased intangible assets and expense relating to the stock-based compensation review and restatement. However, because the Company’s reported non-GAAP financial measures are not calculated according to GAAP, these measures may not necessarily be comparable to GAAP or similarly described non-GAAP measures reported by other companies within the Company’s industry. Consequently, Sapient’s non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but, rather, should be considered together with its consolidated financial statements, which are prepared according to GAAP.

Safe Harbor Statement
This press release contains forward-looking statements – in particular, the financial guidance for future periods and the expectation of future investments in the Company’s business – that involve a number of risks and uncertainties. Actual results could differ materially from management’s expectations. A number of factors could cause actual events to differ materially from those indicated, including, without limitation: the continued acceptance of the Company’s services; the Company’s ability to accurately set fees for and complete its current and future client projects on a timely basis, successfully manage risks associated with its international operations, manage its growth and projects effectively, successfully integrate and achieve anticipated benefits from acquisitions, continue to attract and retain high-quality employees and other risk factors set forth in the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as filed with the SEC.

About Sapient
Sapient, a global services firm, operates two groups—Sapient Interactive and Sapient Consulting—that help clients compete, evolve and grow in an increasingly complex marketplace. Sapient Interactive provides brand and marketing strategy, award-winning creative work, web design and development and emerging media expertise. Sapient Consulting provides business and IT strategy, process and systems design, package implementation and custom development, as well as outsourcing services such as testing, maintenance and support.

Sapient’s passion for client success—evidenced by its ability to foster collaboration, drive innovation and solve challenging problems—is the subject of case studies on leadership and organizational behavior used by MBA students at both Harvard and Yale. Leading clients, including BP, Essent Energie, Hilton International, Janus, Sony Electronics and Verizon, rely on the company’s unique approach to drive growth and market momentum. Headquartered in Boston, Sapient operates across North America, Europe and India. For more information, please visit www.sapient.com.

To view the financial schedules that are part of this release, Click here.

# # #
Sapient is a registered service mark of Sapient Corporation.

Gail Scibelli
Sapient
tel:  +1.305.581.0095
e-mail:  gscibelli@sapient.com

Jeff Drew
fama PR
tel:  +1.617.758.4145
e-mail:  sapient@famapr.com

Dean Ridlon
Sapient
tel:  +1.617.963.1598
e-mail:  dridlon@sapient.com