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Sapient (Nasdaq: SAPE) $11.97. Announced Thursday after market close financial results for the first quarter ended March 31, 2011: Service revenues were $241.3 million compared to $183.2 million in the first quarter of 2010, an increase of 32%. Sequentially, service revenues were up $18.5 million, or 8%, from $222.9 million in the fourth quarter of 2010. On a constant currency basis, revenues increased 30% over the first quarter of 2010 and 8% sequentially.
GAAP income from operations was $18.5 million, or 7.7% of service revenues, up 105% from $9.0 million, or 4.9% of service revenues, reported in the first quarter of 2010. Non-GAAP income from operations was $25.8 million, or 10.7% of service revenues, up 74% from $14.8 million, or 8.1% of service revenues, reported in the first quarter of 2010. GAAP diluted net income per share was $0.09, compared to $0.05 in the first quarter of 2010. Non-GAAP diluted net income per share was $0.12, compared to $0.07 in the first quarter of 2010.What They Do: Sapient is a global services company that helps clients transform in the areas of business, marketing, and technology.
Limelight Networks (Nasdaq: LLNW) $6.38. Announced Thursday after market close first quarter 2011 financial results. For the first quarter of 2011, the Company reported revenue of $49.8 million, up 38% percent from the first quarter 2010. The Company also reported adjusted EBITDA of $3.6 million and non-GAAP net loss, before share-based compensation, litigation expenses, amortization of intangible assets, and acquisition-related expenses, of $3.6 million or 3 cents per basic share. GAAP net loss was $9.8 million, or 9 cents per basic share.
What They Do: Limelight Networks provides solutions that enable business and technology decision makers to profit from the shift of content and advertising to the online world, the explosive growth of mobile and connected devices, and the migration of IT applications and services into the cloud.
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