The account balances labeled "As Reported" in the following tables for the quarter ended June 30, 2013 represent the previously reported unaudited balances in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013.

The effects of these prior period errors on the unaudited consolidated financial statements are as follows:



	June 30, 2013
	As Reported			Adjustments			As Restated
Consolidated Unaudited Balance Sheet:	(In thousands, except share and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$	249,523		$	—		$	249,523
Marketable securities, current portion	6,016			—			6,016
Restricted cash, current portion	102			—			102
Accounts receivable, net of allowance for doubtful accounts of $0 at June 30, 2013	156,182			—			156,182
Unbilled revenues	92,157			—			92,157
Deferred tax assets, current portion	15,037			—			15,037
Prepaid expenses and other current assets	55,323			(7,480		)	47,843
Total current assets	574,340			(7,480		)	566,860
Restricted cash, net of current portion	2,392			—			2,392
Property and equipment, net	79,847			87			79,934
Purchased intangible assets, net	26,928			—			26,928
Goodwill	131,267			—			131,267
Other assets	9,087			12,696			21,783
Total assets	$	823,861		$	5,303		$	829,164
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	29,660		$	—		$	29,660
Accrued expenses	56,680			777			57,457
Accrued compensation	84,645			(15,865		)	68,780
Income taxes payable	10,478			(6,805		)	3,673
Deferred revenues	22,212			—			22,212
Total current liabilities	203,675			(21,893		)	181,782
Deferred tax liabilities, net of current portion	21,002			—			21,002
Other long-term liabilities	69,033			38,460			107,493
Total liabilities	293,710			16,567			310,277
Commitments and contingencies
Noncontrolling interest subject to put provisions	1,015			—			1,015
Stockholders’ equity:
Preferred stock, par value $0.01 per share, 5,000,000 shares authorized and none issued or outstanding at June 30, 2013	—			—			—
Common stock, par value $0.01 per share, 200,000,000 shares authorized, 143,966,276 shares issued, and 139,813,241 shares outstanding at June 30, 2013	1,440			—			1,440
Additional paid-in capital	570,679			—			570,679
Treasury stock, at cost, 4,153,035 shares at June 30, 2013	(43,755		)	—			(43,755		)
Accumulated other comprehensive loss	(42,892		)	—			(42,892		)
Retained earnings	43,664			(11,264		)	32,400
Total Sapient Corporation stockholders' equity	529,136			(11,264		)	517,872
Total liabilities and stockholders’ equity	$	823,861		$	5,303		$	829,164



	Three Months Ended									Six Months Ended
	June 30, 2013									June 30, 2013
	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Consolidated Unaudited Statement of Operations:	(In thousands, except per share amounts)
Revenues:
Service revenues	$	314,334		$	—		$	314,334		$	606,972		$	—		$	606,972
Reimbursable expenses	12,273			—			12,273			22,618			—			22,618
Total gross revenues	326,607			—			326,607			629,590			—			629,590
Operating expenses:
Project personnel expenses	211,536			677			212,213			418,281			1,354			419,635
Reimbursable expenses	12,273			—			12,273			22,618			—			22,618
Total project personnel expenses and reimbursable expenses	223,809			677			224,486			440,899			1,354			442,253
Selling and marketing expenses	12,994			(41		)	12,953			24,786			(83		)	24,703
General and administrative expenses	53,519			177			53,696			107,521			354			107,875
Restructuring and other related charges	(31		)	—			(31		)	1,983			—			1,983
Amortization of purchased intangible assets	3,263			—			3,263			6,920			—			6,920
Acquisition costs and other related charges	(1,284		)	—			(1,284		)	(384		)	—			(384		)
Impairment of intangible asset	—			—			—			1,494			—			1,494
Total operating expenses	292,270			813			293,083			583,219			1,625			584,844
Income from operations	34,337			(813		)	33,524			46,371			(1,625		)	44,746
Interest income	1,570			—			1,570			3,076			—			3,076
Interest expense	(666		)	—			(666		)	(1,360		)	—			(1,360		)
Other income, net	296			—			296			356			—			356
Income before income taxes	35,537			(813		)	34,724			48,443			(1,625		)	46,818
Provision for income taxes	12,250			(278		)	11,972			18,626			(429		)	18,197
Net income	23,287			(535		)	22,752			29,817			(1,196		)	28,621
Less: Net loss attributable to noncontrolling interest	(41		)	—			(41		)	(87		)	—			(87		)
Net income attributable to stockholders of Sapient Corporation	$	23,328		$	(535	)	$	22,793		$	29,904		$	(1,196	)	$	28,708
Basic net income per share attributable to stockholders of Sapient Corporation	$	0.17		$	(0.01	)	$	0.16		$	0.22		$	(0.01	)	$	0.21
Diluted net income per share attributable to stockholders of Sapient Corporation	$	0.16		$	—		$	0.16		$	0.21		$	(0.01	)	$	0.20
Weighted average common shares	138,791			—			138,791			138,112			—			138,112
Weighted average dilutive common share equivalents	4,110			—			4,110			4,446			—			4,446
Weighted average common shares and dilutive common share equivalents	142,901			—			142,901			142,558			—			142,558



	Three Months Ended									Six Months Ended
	June 30, 2013									June 30, 2013
	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Consolidated Unaudited Statement of Comprehensive Income:	(In thousands, except per share amounts)
Net income	$	23,287		$	(535	)	$	22,752		$	29,817		$	(1,196	)	$	28,621
Other comprehensive loss:
Foreign currency translation adjustments	(10,555		)	—			(10,555		)	(17,063		)	—			(17,063		)
Net unrealized gain on available-for-sale investments, net of taxes	52			—			52			56			—			56
Reclassification adjustment for realized loss on available-for-sale investments, net of taxes	28			—			28			28			—			28
Net unrealized gain on available-for-sale investments	80			—			80			84			—			84
Other comprehensive loss	(10,475		)	—			(10,475		)	(16,979		)	—			(16,979		)
Total comprehensive income	12,812			(535		)	12,277			12,838			(1,196		)	11,642
Comprehensive loss attributable to noncontrolling interest	(155		)	—			(155		)	(190		)	—			(190		)
Comprehensive income attributable to stockholders of Sapient Corporation	$	12,967		$	(535	)	$	12,432		$	13,028		$	(1,196	)	$	11,832



	Six Months Ended
	June 30, 2013
	As Reported			Adjustments			As Restated
Consolidated Unaudited Statement of Cash Flows:	(In thousands)
Cash flows from operating activities:
Net income	$	29,817		$	(1,196	)	$	28,621
Adjustments to reconcile net income to net cash used in operating activities:
Deferred income taxes	1,233			(956		)	277
Unrealized loss on financial instruments	771			—			771
Loss recognized on disposition of fixed assets	1,010			—			1,010
Depreciation expense	13,556			12			13,568
Amortization of purchased intangible assets	6,920			—			6,920
Loss recognized on sale of available-for-sale marketable securities	28			—			28
Impairment of intangible asset	1,494			—			1,494
Stock-based compensation expense	14,990			—			14,990
Excess tax benefits from exercise and release of stock-based awards	(1,469		)	—			(1,469		)
Non-cash restructuring charges	146			—			146
Changes in operating assets and liabilities, excluding impact of acquisitions:
Accounts receivable	11,221			—			11,221
Unbilled revenues	(21,023		)	—			(21,023		)
Prepaid expenses and other current assets	(4,078		)	—			(4,078		)
Other assets	(179		)	—			(179		)
Accounts payable	5,162			—			5,162
Accrued compensation	(19,139		)	(1,643		)	(20,782		)
Deferred revenues	(5,914		)	—			(5,914		)
Accrued expenses	1,076			57			1,133
Income taxes payable	3,827			526			4,353
Other long-term liabilities	934			3,200			4,134
Net cash used in operating activities	40,383			—			40,383
Cash flows from investing activities:
Purchases of property and equipment and cost of internally developed software	(17,759		)	—			(17,759		)
Cash paid for acquisitions, net of cash acquired	(4,993		)	—			(4,993		)
Sales of marketable securities classified as available-for-sale	1,372			—			1,372
Purchases of marketable securities classified as available-for-sale	(251		)	—			(251		)
Acquisition of cost method investment	(200		)	—			(200		)
Cash paid on financial instruments, net	77			—			77
Change in restricted cash	3,515			—			3,515
Net cash used in investing activities	(18,239		)	—			(18,239		)
Cash flows from financing activities:
Excess tax benefits from exercise and release of stock-based awards	1,469			—			1,469
Proceeds from stock option and purchase plans	1,960			—			1,960
Net cash provided by financing activities	3,429			—			3,429
Effect of exchange rate changes on cash and cash equivalents	(10,088		)	—			(10,088		)
Increase in cash and cash equivalents	15,485			—			15,485
Cash and cash equivalents, at beginning of period	234,038			—			234,038
Cash and cash equivalents, at end of period	$	249,523		$	—		$	249,523