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SERVICES
Sapient rises on Q2 profit news
The consulting and IT firm made 4 cents a share, beating views by 2 cents and reversing a year-ago loss of 4 cents a share. Revenues rose 45% to $64.5 mil, benefiting from more firms moving back-office ops to India. Sapient rose 32% to 6.97. Rival Indian IT services firm Infosys' shares rose 3% to 50.15 as the firms benefit from increased Indian outsourcing.
MARKETS
Nasdaq rebounds to Q2 profit
Nasdaq Stock Market made 2 cents a share, compared with a net loss of 66 cents a share a year ago, despite revenue falling 18.7% to $120 mil. The securities market was helped by a 42% drop in expenses. Nasdaq share ...