Sapient's Net Income Falls Amid Publicis Groupe's Bid to Buy the Company

Revenue for the quarter, however, grew 9%

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Talk about bad timing: Sapient today reported third-quarter net income fell 15 percent to $22.3 million, just four days after Publicis Groupe said it would pay a 44 percent premium for the digital marketing player.

Revenue for the Boston-based company, however, rose 9 percent to $364.6 million. That said, Sapient's gross margin contracted, its expenses rose and its operating income declined to $33.8 million, from $37.6 million in the same period last year.

Citing the pending $3.7

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