<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                ----------------

                                   FORM 10-Q/A

                                ----------------


                                   (MARK ONE)

         [X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

                       FOR THE QUARTER ENDED JUNE 30, 2001

                                       OR

         [ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

          FOR THE TRANSITION PERIOD FROM ____________ TO ____________.

                        COMMISSION FILE NUMBER 000-25315

                             SAGENT TECHNOLOGY, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

               DELAWARE                                94-3225290
    (STATE OR OTHER JURISDICTION OF                 (I.R.S. EMPLOYER
     INCORPORATION OR ORGANIZATION)               IDENTIFICATION NUMBER)

                        800 W. EL CAMINO REAL, SUITE 300
                             MOUNTAIN VIEW, CA 94040
           (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES INCLUDING ZIP CODE)

                                 (650) 815-3100
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

    Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

    As of August 9, 2001, Registrant had 45,849,742 shares of common stock
issued and outstanding.
<PAGE>
                                INTRODUCTORY NOTE

    The purpose of this Form 10-Q/A is to restate the condensed consolidated
financial statements of Sagent Technology, Inc. ("Sagent" or the "Company") for
the quarterly period ended June 30, 2001. In a press release issued on November
28, 2001, Sagent announced that it was revising its results of operations for
the first nine months of 2001 as a result of an internal investigation into the
validity of sales orders to various government agencies. The investigation
confirmed that sales orders booked by one of its employees in its Fairfax, Va.
office to government agencies from the first through third quarters of 2001,
totaling approximately $5 million, were invalid. As a result, Sagent is reducing
its reported revenue from $13.3 million to $12.5 million and increasing its
reported net loss from $6.3 million to $6.9 million for the quarter ended June
30, 2001. The financial statements included in this Form 10-Q/A have been
restated to remove the effect of the invalid sales orders. See Note 1 to the
financial statements.

    For purposes of this Form 10-Q/A, and in accordance with Rule 12b-15 under
the Securities and Exchange Act of 1934, as amended, the Company has amended and
restated in its entirety each item of the Company's Form 10-Q for the quarterly
period ended June 30, 2001, which has been affected by the restatement. This
Form 10-Q/A does not reflect events occurring after the filing of the original
Form 10-Q on August 14, 2001, or modify or update those disclosures in any way,
except as required to reflect the effects of this restatement.


                                       2
<PAGE>
                                TABLE OF CONTENTS

             SAGENT TECHNOLOGY, INC. QUARTERLY REPORT ON FORM 10-Q/A
                       FOR THE PERIOD ENDED JUNE 30, 2001

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                            PAGE NO.
                                                                                                            --------
<S>                                                                                                        <C>
PART I  FINANCIAL INFORMATION

Item 1. Unaudited Condensed Consolidated Financial Statements:

        Condensed Consolidated Balance Sheets June 30, 2001 (Restated see Note 1) and
          December 31, 2000                                                                                    4

        Condensed Consolidated Statements of Operations for the three months and six months
          ended June 30, 2001 (Restated see Note 1) and 2000                                                   5

        Condensed Consolidated Statements of Cash Flows for the six months ended
          June 30, 2001 (Restated see Note 1) and 2000                                                         6

        Notes to Unaudited Condensed Consolidated Financial Statements                                         7

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations                 12

Item 3. Quantitative and Qualitative Disclosures About Market Risk                                            22

PART II. OTHER INFORMATION

Item 1. Legal Proceedings                                                                                     22

Item 2. Changes in Securities and Use of Proceeds                                                             23

Item 4. Submission of Matters to a Vote of Security Holders                                                   23

Item 6. Exhibits and Reports on Form 8-K                                                                      24

SIGNATURES                                                                                                    25

INDEX TO EXHIBITS                                                                                             26
</TABLE>


                                       3
<PAGE>
                        PART I -- FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                             SAGENT TECHNOLOGY, INC.
                 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
                      (In thousands, except per share data)

<TABLE>
<CAPTION>
                                                                              JUNE 30,     DECEMBER 31,
                                                                                2001           2000
                                                                             ----------    ------------
                                                                             (RESTATED)
<S>                                                                          <C>           <C>
                                          Assets

Current assets:
    Cash and cash equivalents                                                 $  11,504      $   6,372
    Accounts receivable, net of allowance for doubtful accounts of $661
       in 2001 and $4,968 in 2000                                                13,862         14,667
    Other current assets                                                          5,353          6,261
                                                                              ---------      ---------
             Total current assets                                                30,719         27,300
Property and equipment, net                                                       7,542          5,718
Goodwill, net                                                                     7,993          7,323
Notes receivable from officers                                                    3,059          3,151
Other assets                                                                      1,942          2,595
                                                                              ---------      ---------
             Total assets                                                     $  51,255      $  46,087
                                                                              =========      =========

                            Liabilities and Stockholders' Equity

Current liabilities:
    Accounts payable                                                          $   2,972      $   3,296
    Accrued liabilities                                                           5,733          5,842
    Deferred revenue                                                              8,431          8,352
    Current portion of capital lease obligations                                  2,516          1,037
                                                                              ---------      ---------
             Total current liabilities                                           19,652         18,527
Deferred rent                                                                       162            245
Long-term portion of capital lease obligations                                    2,207            650
                                                                              ---------      ---------
             Total liabilities                                                   22,021         19,422
                                                                              ---------      ---------
Stockholders' equity:
    Common stock, par value $.001 per share; authorized: 70,000 shares in
       June 30, 2001 and December 31, 2000; Issued and outstanding 36,747
       and 29,829 at June 30, 2001 and December 31,2000, respectively                37             30
    Additional paid-in capital                                                  117,327         97,354
    Deferred stock compensation                                                  (1,348)        (1,566)
    Notes receivable from stockholders                                           (2,521)        (2,423)
    Accumulated other comprehensive income                                          147            211
    Accumulated deficit                                                         (84,408)       (66,941)
                                                                              ---------      ---------
             Total stockholders' equity                                          29,234         26,665
                                                                              ---------      ---------
             Total liabilities and stockholders' equity                       $  51,255      $  46,087
                                                                              =========      =========
</TABLE>

See accompanying notes to unaudited condensed consolidated financial statements.


                                       4
<PAGE>
                             SAGENT TECHNOLOGY, INC.
            UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                      (In thousands, except per share data)

<TABLE>
<CAPTION>
                                                 THREE MONTHS ENDED       SIX MONTHS ENDED
                                                       JUNE 30,                JUNE 30,
                                                ---------------------   ---------------------
                                                   2001        2000        2001        2000
                                                ----------   --------   ----------   --------
                                                (RESTATED)              (RESTATED)
<S>                                             <C>          <C>        <C>          <C>
Revenue:
    License                                      $  6,722    $ 11,046    $ 11,469    $ 19,690
    Service                                         5,812       6,456      11,356      12,349
                                                 --------    --------    --------    --------
       Total net revenue                           12,534      17,502      22,825      32,039
                                                 --------    --------    --------    --------
Net cost of revenue:
    License                                           921         513       1,751       1,145
    Service                                         2,856       2,402       5,990       4,477
                                                 --------    --------    --------    --------
       Total cost of revenue                        3,777       2,915       7,741       5,622
                                                 --------    --------    --------    --------
Gross profit                                        8,757      14,587      15,084      26,417
                                                 --------    --------    --------    --------
Operating expenses:
    Sales and marketing                             9,750       9,210      18,283      18,003
    Research and development                        3,553       4,276       7,406       8,315
    General and administrative                      2,257       1,719       6,823       3,202
    Merger and integration credits                     --      (1,950)         --      (1,950)
                                                 --------    --------    --------    --------
       Total operating expenses                    15,560      13,255      32,512      27,570
                                                 --------    --------    --------    --------
Income (loss) from operations                      (6,803)      1,332     (17,428)     (1,153)
Other income (expenses), net                         (108)        208          18         683
                                                 --------    --------    --------    --------
Net income (loss) before income taxes              (6,911)      1,540     (17,410)       (470)
Provision for income taxes                             32           7          57          17
                                                 --------    --------    --------    --------
Net income (loss)                                $ (6,943)   $  1,533     (17,467)       (487)
                                                 ========    ========    ========    ========
Basic net income (loss) per share                $  (0.19)   $   0.05    $  (0.50)   $  (0.02)
                                                 ========    ========    ========    ========
Number of shares used in computing basic
   net income (loss) per share                     36,478      28,046      34,918      27,935
Diluted net income (loss) per share              $  (0.19)   $   0.05    $  (0.50)   $  (0.02)
                                                 ========    ========    ========    ========
Number of shares used in computing diluted
   net income (loss) per share                     36,478      29,652      34,918      27,935
</TABLE>

See accompanying notes to unaudited condensed consolidated financial statements.


                                       5
<PAGE>
                            SAGENT TECHNOLOGY, INC.
           UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                                     SIX MONTHS ENDED
                                                                                          JUNE 30,
                                                                                  -----------------------
                                                                                     2001          2000
                                                                                  ----------     --------
                                                                                  (RESTATED)
<S>                                                                               <C>           <C>
Cash flows from operations:
Net loss                                                                           $(17,467)    $   (487)
    Adjustments to reconcile net loss to net cash used in operating activities:
       Depreciation and amortization                                                  3,159        2,580
       Allowance for doubtful accounts                                                  937          200
       Stock-based employee compensation                                                218           --
       Accrued interest on notes receivable from officers                              (131)          --
       Officer notes forgiven                                                           125           --
       Change in operating assets and liabilities:
             Accounts receivable                                                        719       (3,693)
             Other current assets                                                     1,011       (3,298)
             Other assets                                                               430          147
             Accounts payable                                                          (480)         868
             Accrued liabilities                                                       (859)      (4,306)
             Deferred revenue                                                          (263)        (126)
             Deferred rent                                                              (83)          --
             Accrued merger costs                                                        --       (2,837)
                                                                                   --------     --------
Net cash used in operating activities                                               (12,684)     (10,952)
                                                                                   --------     --------
Cash flows from investing activities:
    Sale of marketable securities                                                        --       37,704
    Purchase of marketable securities                                                    --      (31,836)
    Acquisition of Sagent do Brazil and others                                           --       (1,166)
    Cash acquired in purchase of Sagent Asia/Pacific Pte. Ltd                         2,298           --
    Other business acquisitions, net of cash acquired                                   (88)        (900)
    Purchases of property and equipment                                                (128)      (4,427)
    Proceeds from disposal of property and equipment                                     --        1,210
                                                                                   --------     --------
Net cash provided by investing activities                                             2,082          585
                                                                                   --------     --------
Cash flows from financing activities:
    Proceeds from capital lease financing                                                --          548
    Payments of principal under capital lease obligations                              (707)        (346)
    Proceeds from issuance of common stock                                           16,505        1,810
                                                                                   --------     --------
Net cash provided by financing activities                                            15,798        2,012
                                                                                   --------     --------
Effect of exchange rate changes                                                         (64)         147
                                                                                   --------     --------
Net increase (decrease) in cash and cash equivalents                                  5,132       (8,208)
Cash and cash equivalents, beginning of the period                                    6,372       15,910
                                                                                   --------     --------
Cash and cash equivalents, end of the period                                       $ 11,504     $  7,702
                                                                                   ========     ========
Supplemental disclosure of cash flow information:
    Cash payments for interest                                                     $    345     $     82
    Cash payments for taxes                                                        $     34     $      6
Supplemental disclosure of non-cash investing and financing activity:
    Issuance of common stock to Sagent do Brazil                                   $     --     $    500
    Equipment acquired under capital leases                                        $  3,744           --
    Warrants issued in connection with private placement                           $    469           --
    Issuance of common stock to acquire additional interest in
        Sagent Asia/Pacific Pte. Ltd.                                              $  3,475           --
</TABLE>

See accompanying notes to unaudited condensed consolidated financial statements.


                                       6
<PAGE>
                             SAGENT TECHNOLOGY, INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)
                       (In thousands, except where noted)

NOTE 1. RESTATEMENT OF FINANCIAL STATEMENTS

In November 2001, the Company discovered that certain sales orders were invalid.
The Company undertook an investigation which determined that the invalid sales
orders were limited to software licenses to certain government agencies
submitted by one employee in the Fairfax, Va. office. As a result, the condensed
consolidated financial statements included in the Quarterly Report on Form 10-Q
filed on August 14, 2001 have been restated to remove the effect of the invalid
sales orders. The restatement has resulted in an increase in net loss for the
three and six months ended June 30, 2001 of $635 ($0.02 per share) and $1,280
($.04 per share), respectively. Specifically, the restatement has resulted in a
reductions of: $1,645 in accounts receivable, $208 in deferred revenue, $157 in
accrued liabilities, $717 in net revenue, $7 in cost of revenue, and $75 in
sales and marketing expense as of and for the three months ended June 30, 2001;
and $1,437 in net revenue, $20 in cost of revenue, and $137 in sales and
marketing expenses for the six months ended June 30, 2001

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BUSINESS.

Sagent Technology, Inc., (Sagent), develops, markets and supports software
designed to address organizations' information access, analysis and delivery
needs. Sagent, formerly Savant Software, Inc., was incorporated under the laws
of the State of California in April 1995 and reincorporated in Delaware in 1998.

BASIS OF PRESENTATION

The unaudited condensed consolidated financial statements have been prepared
pursuant to the rules and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures, normally included in financial
statements prepared in accordance with generally accepted accounting principles,
have been condensed or omitted pursuant to such rules and regulations. Certain
prior year amounts have been reclassified to conform to the current year
presentation. In the opinion of management, the financial statements reflect all
adjustments, consisting only of normal recurring adjustments necessary for a
fair presentation of the Company's financial position at June 30, 2001 and
December 31, 2000, the operating results for the three and six months ended June
30, 2001 and 2000 and cash flows for the six months ended June 30, 2001 and
2000. These financial statements and notes should be read in conjunction with
Sagent's audited financial statements and notes thereto for the year ended
December 31, 2000, included in the Company's Annual Report on Form 10-K filed
with the Securities and Exchange Commission on April 6, 2001. The results of
operations for the three and six months ended June 30, 2001 are not necessarily
indicative of the results that may be expected for the year ending December 31,
2001.

PRINCIPLES OF CONSOLIDATION

The unaudited condensed consolidated financial statements include the accounts
of Sagent Technology, Inc. and its majority owned subsidiary Asia/Pacific Pte
Ltd., and its wholly-owned subsidiaries, Qualitative Marketing Software, Inc.
(QMS), Sagent U.K., Ltd., Sagent Technology GmbH, Sagent France, S.A., Sagent
Technology Japan KK, Sagent Benelux, Sagent Australia, and Sagent do Brazil. All
significant intercompany accounts and transactions have been eliminated.

USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect reported amounts of assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements and the reported
amounts of revenues and expenses during the reporting period. Actual results
could differ from those estimates.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents include all highly liquid investments with an original
maturity of three months or less at the time of purchase. Sagent's cash
equivalents at June 30, 2001 and December 31, 2000 consisted of deposits in
domestic banks and money market funds.


                                       7
<PAGE>
BUSINESS RISK AND CONCENTRATION OF CREDIT RISK

Financial instruments which potentially subject Sagent to concentrations of
credit risk consist primarily of trade accounts receivable. Sagent maintains
allowances for potential credit losses on trade accounts receivable and such
losses to date have been within management's expectations. There were no
customers with balances due to Sagent in excess of 10% of aggregate accounts
receivable at June 30, 2001 or December 31, 2000.

GOODWILL AND OTHER INTANGIBLE ASSETS

The costs of businesses acquired in excess of the fair value of net assets
acquired (goodwill), are amortized over their estimated useful lives. If events
or changes in circumstances indicate the goodwill and other long-lived assets
will not be recoverable, as determined by a comparison of the carrying value of
the asset to forecasted undiscounted cash flows expected to be generated by the
asset, the carrying value is reduced to net realizable value. There were no such
reductions in carrying value during the six months ended June 30, 2001 or 2000.

REVENUE RECOGNITION

Revenue consists principally of fees for licenses of Sagent's software products,
maintenance, consulting, and training. Sagent recognizes revenue using the
residual method in accordance with Statement of Position 97-2 (SOP 97-2),
"Software Revenue Recognition," as amended by SOP 98-9, "Modification of SOP
97-2, Software Revenue Recognition with Respect to Certain Transactions." Under
the residual method, revenue is recognized in a multiple element arrangement in
which Company-specific objective evidence of fair value exists for all of the
undelivered elements in the arrangement, but does not exist for one or more of
the delivered elements in the arrangement. Company-specific objective evidence
of fair value of maintenance and other services is based on the Company's
customary pricing for such maintenance and/or services when sold separately. At
the outset of the arrangement with the customer, the Company defers revenue for
the fair value of its undelivered elements (e.g., maintenance, consulting, and
training) and recognizes revenue for the remainder of the arrangement fee
attributable to the elements initially delivered in the arrangement (i.e.,
software product) when the basic criteria in SOP 97-2 have been met. If such
evidence of fair value for each undelivered element of the arrangement does not
exist, all revenue from the arrangement is deferred until such time that
evidence of fair value does exist or until all elements of the arrangement are
delivered.

Under SOP 97-2, revenue attributable to an element in a customer arrangement is
recognized when persuasive evidence of an arrangement exists, delivery has
occurred, the fee is fixed or determinable, collectibility is probable, and the
arrangement does not require services that are essential to the functionality of
the software. If at the outset of the customer arrangement, the Company
determines that the arrangement fee is not fixed or determinable, revenue is
recognized when the arrangement fee becomes due and payable. If at the outset of
the customer arrangement, the Company determines that collectibility is not
probable, revenue is recognized as the arrangement fee is collected.

The Company's specific policies for recognition of license revenues and services
revenues are as follows:

License revenue. The Company recognizes revenue from sales of software licenses
to end users upon: determination that persuasive evidence of an arrangement
exists; delivery of the software to a customer; determination that collection of
a fixed or determinable license fee is probable; and determination that no
undelivered services are essential to the functionality of the licensed
software.

If consulting services are essential to the functionality of the licensed
software, then both the license revenue and the consulting service revenue are
recognized as the services are performed. The Company's arrangements generally
do not include services that are essential to the functionality of the software.

Revenue for transactions with enterprise application vendors, OEMs, and
distributors is generally recognized when the licenses are resold or utilized by
the reseller and all related obligations of the Company have been satisfied.
However, if the contract stipulates a non-refundable royalty payment to be paid
in advance of any resales, revenue is recognized upon execution of the contract.

Service revenue. Maintenance contracts generally call for the Company to provide
technical support and software updates and upgrades to customers. Maintenance
revenue is recognized ratably over the term of the maintenance contract,
generally on a straight-line basis when all revenue recognition requirements are
met. Other service revenue, primarily training and consulting, is generally
recognized at the time the service is performed and it is determined that the
Company has fulfilled its obligations resulting from the services contract.


                                       8
<PAGE>
Deferred revenue. Deferred revenue represents amounts received from customers
under certain license, maintenance and service agreements for which the revenue
earnings process has not been completed.

Software development costs. Software development costs are included in product
development and are expensed as incurred. After technological feasibility is
established, material software development costs are capitalized in accordance
with SFAS No. 86, "Accounting for the Costs of Computer Software to be Sold,
Leased or Otherwise Marketed." The period between achieving technological
feasibility, which Sagent has defined as the establishment of a working model,
typically occurring when the beta testing commences, and the general
availability of such software has been short, and software development costs
qualifying for capitalization have been insignificant.

NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing the net income (loss)
available to common stockholders for the period by the weighted average number
of common shares outstanding during the period. Diluted net income (loss) per
share is computed by dividing the net income (loss) for the period by the
weighted average number of common and common equivalent shares outstanding
during the period. Options, warrants and convertible preferred stock are not
included in the computation of diluted net income (loss) per share for those
periods in which the Company incurred a loss because the effect would be
antidilutive.

COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) consists of foreign currency translation
adjustments. There was no significant tax effect on the components of other
comprehensive loss for the three and six months ended June 30, 2001 and 2000,
respectively.

<TABLE>
<CAPTION>
                                                    THREE MONTHS ENDED            SIX MONTHS ENDED
                                                         JUNE 30,                     JUNE 30,
                                                   ---------------------       ---------------------
                                                    2001           2000          2001          2000
                                                   -------        ------       --------        -----
<S>                                                <C>            <C>          <C>             <C>
Net income (loss)                                  $(6,943)       $1,533       $(17,467)       $(487)
  Other compensative income (loss)
     Foreign currency translation adjustment          (111)           58            (64)         147
                                                   -------        ------       --------        -----
Comprehensive income (loss)                        $(7,054)       $1,591       $(17,531)       $(340)
                                                   =======        ======       ========        =====
</TABLE>

NOTE 3. GOODWILL

Goodwill is comprised of the following:

<TABLE>
<CAPTION>
                                               USEFUL   JUNE 30,    DECEMBER 31,
                                                LIFE      2001          2000
                                               ------   --------    ------------
<S>                                            <C>      <C>         <C>
     Goodwill, net:
         Sagent UK                                 5    $  2,107       $ 2,496
         Sagent France S.A                         5         762           863
         Sagent GmbH                               5       2,118         2,378
         Sagent do Brazil                          5         854           971
         Smarter Software, Inc.                   10         517           615
         Sagent Asia/Pacific Pte. Ltd              5       1,445            --
         Sagent Benelux                            5         190            --
                                                        --------       -------
                                                        $  7,993       $ 7,323
                                                        ========       =======
</TABLE>

NOTE 4. OTHER ASSETS

Other assets is comprised of the following:

<TABLE>
<CAPTION>
                                                    JUNE 30,   DECEMBER 31,
                                                      2001         2000
                                                    --------   ------------
<S>                                                 <C>        <C>
Other assets:
    Investment in Sagent Asia/Pacific Pte. Ltd       $   --       $  830
    Investment in NetAcumen                             759          759
    Deposits                                            993          942
    Other                                               190           64
                                                     ------       ------
                                                     $1,942       $2,595
                                                     ======       ======
</TABLE>


                                       9
<PAGE>
The investment in NetAcumen is accounted for under the cost method. Investment
in Sagent Asia/Pacific Pte. Ltd., a joint venture between Sagent and eGlobal, is
accounted for under the equity method as of December 31, 2000. Sagent's
ownership interest in NetAcumen, Inc. was 9.79% as of June 30, 2001 and December
31, 2000. Sagent's ownership interest in Sagent Asia/Pacific Pte. Ltd. was 53%
(see Note 6) and 19.99% as of June 30, 2001 and December 31, 2000 respectively.
There were no sales to NetAcumen for the six months ended June 30, 2001 and June
30, 2000.

NOTE 5. PRIVATE PLACEMENT

In February 2001, Sagent completed a private placement of approximately 5,750
shares of its common stock and received proceeds of $16,113, net of $562 in
offering costs. Such offering costs include the issuance to certain placement
agents of warrants to purchase 210 shares of its common stock with an estimated
fair value of $469. This estimated fair value was calculated using Black-Scholes
option pricing model with the following factors and assumptions: expected
volatility of 130%, contractual life of 5 years, stock price of $2.78 on the
date of grant, exercise price of $2.90, and risk free interest rate of 5% per
annum.

NOTE 6. INVESTMENT IN SUBSIDIARIES

On January 19, 2001, Sagent acquired an additional 33% interest in Sagent
Asia/Pacific Pte. Ltd from eGlobal, a privately held company that specializes in
distribution of technology services in Singapore. In consideration for 950
shares of Sagent's common stock, valued at $3.5 million, Sagent received an
additional 2,113 common shares of Sagent Asia/Pacific Pte. Ltd. This brings the
total interest of Sagent in Sagent Asia/Pacific Pte. Ltd to 53% as of March 31,
2001. The acquisition was recorded under the purchase method of accounting. In
connection with the acquisition, Sagent recorded goodwill of $1,516, which is
being amortized on a straight-line basis over a period of five years and
acquired net assets of approximately $2,790 consisting primarily of cash and
accounts receivable. The results of operations of Sagent Asia/Pacific Pte. Ltd.
have been included in our consolidated results from the date of the acquisition.
No minority interest in the losses of Sagent Asia/Pacific has been recognized
because the minority interest holders are not required to make additional
capital contributions.

On April 9, 2001, Sagent acquired 100% interest in Sagent Benelux for cash of
$100 and the assignment of a portion of Sagent's outstanding accounts receivable
valued at $200 to the Selling Shareholders. The acquisition was recorded under
the purchase method of accounting. In connection with the acquisition, Sagent
recorded goodwill of $197, which is being amortized on a straight-line basis
over a period of five years. The results of operations of Sagent Benelux have
been included in our consolidated results from the date of the acquisition.

NOTE 6. LITIGATION

From October 20, 2000 to November 27, 2000, several class action lawsuits were
filed in the United States District Court on behalf of individual investors who
purchased our common stock between October 21, 1999 and April 18, 2000. The
claims allege that we misrepresented our 1999 and 2000 prospects. The court
recently consolidated the complaints and selected a lead plaintiff and counsel.
A consolidated amended complaint was filed in April 2001.

On November 17, 2000, a derivative lawsuit was filed by a purported Sagent
shareholder in the Superior Court of California for the County of San Mateo. On
February 9, 2001, a second derivative lawsuit was filed in the Superior Court of
Santa Clara. The complaints name certain of our present and former officers and
directors as defendants. The complaint in Santa Clara County also named an
investment bank retained by us and an employee of that firm as defendants. We
have also been named as a nominal defendant. The principal allegation of the
complaints is that the defendants breached their fiduciaries duties to us. In
July 2001, the two cases were coordinated for pretrial purposes in the Santa
Clara County Superior Court.

At June 30, 2001, the Company has not accrued any litigation expense related to
the matters above; as such expenses have not yet been deemed probable and
estimable.

NOTE 7. LOANS TO OFFICERS

On June 30, 2001 and December 30, 2000, loans to officers represent five-year
promissory notes to key executives. These promissory notes are full recourse.
For the six months ended June 30, 2001, Sagent has forgiven a total $125 from
the balance due from two of the officers. Such amounts have been recorded in
general and administrative expense.


                                       10
<PAGE>
NOTE 8. COMMITMENTS

Sagent leases various facilities under noncancelable operating leases and has
acquired certain computer and other equipment under capital lease obligations
which are collateralized by the related assets. Future minimum lease payments
under these commitments on June 30, 2001 are as follows:

<TABLE>
<CAPTION>
                                                        OPERATING LEASES   CAPITAL LEASES
                                                        ----------------   --------------
<S>                                                     <C>                <C>
     Remaining 2001                                           $1,607           $1,681
     2002                                                      3,104            2,853
     2003                                                      2,387            1,086
     2004                                                        620               16
     Thereafter                                                  104               --
                                                              ------           ------
     Total minimum lease payments                             $7,822           $5,636
                                                              ======
     Less: amount representing interest                                          (913)
                                                                               ------
     Present value of minimum lease payments                                   $4,723
     Current portion                                                            2,516
                                                                               ------
     Long-term portion                                                         $2,207
                                                                               ======
</TABLE>

NOTE 9. SUBSEQUENT EVENTS

From July 27, 2001 through August 1, 2001, Sagent issued and sold 9,115 shares
of its common stock for an average price per share of $1.84 in a private
placement. The net proceeds to Sagent from the offering, after deducting the
expenses of the offering, were approximately $16.0 million. In connection with
the private sale, Sagent also issued warrants to purchase 456 shares of its
common stock at an exercise price of $1.84 per share.


                                       11
<PAGE>
ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL CONDITION AND RESULTS OF
        OPERATIONS.

Certain information contained or incorporated by reference in this quarterly
report on Form 10-Q/A is forward-looking in nature. Examples of forward-looking
statements include, without limitation, statements regarding our expectations,
beliefs, estimates, intentions or strategies regarding the future, our license
and service revenues, our research and development plans, our sales and
administrative costs, our in-process research and development expenses, pending
litigation, and the sufficiency of our cash position. All forward-looking
statements included in this report on 10-Q/A are based on information available
to us on the date hereof, and we assume no obligation to update any such
forward-looking statements. You should not place undue reliance on these
forward-looking statements. Our actual results could differ materially from
those anticipated in these forward-looking statements as a result of a number of
factors, including, but not limited to, those set forth below under the heading
"Risk Factors That May Affect Future Results" and elsewhere in this quarterly
report on Form 10-Q/A.

In November 2001, the Company discovered that certain sales orders were invalid.
The Company undertook an investigation which determined that the invalid sales
orders were limited to software licenses to certain government agencies
submitted by one employee in the Fairfax, Va. office. As a result, the condensed
consolidated financial statements included in the Quarterly Report on Form 10-Q
filed on August 14, 2001 have been restated to remove the effect of the invalid
sales orders. The restatement has resulted in an increase in net loss for the
three and six months ended June 30, 2001 of $635 ($0.02 per share) and $1,280
($0.04 per share), respectively. Specifically, the restatement has resulted in a
reductions of: $1,645 in accounts receivable, $208 in deferred revenue, $157 in
accrued liabilities, $717 in net revenue, $7 in cost of revenue, and $75 in
sales and marketing expense as of and for the three months ended June 30, 2001;
and $1,437 in net revenue, $20 in cost of revenue, and $137 in sales and
marketing expenses for the six months ended June 30, 2001

OVERVIEW

We provide business intelligence solutions that enable enterprises to win,
retain, and grow new customers and improve operational effectiveness. We
develop, market, and support products and services that help businesses collect,
analyze, understand, and act on customer and operational information both in
batch and in real-time. Our products and services provide a way for an
organization's employees, customers, and partners to use the Internet to examine
the internal data they already have and to supplement that data with external,
value-added information such as demographic, geographic, or other content and
data feeds. We refer to our products as business intelligence solutions because
they enable organizations to rapidly make more informed, intelligent decisions
and to spread that ability across the enterprise.

Revenue

We sell our software products directly to our customers and through channel
partners such as enterprise software vendors, resellers and distributors.
Enterprise software vendors generally integrate our products with their
applications and will embed them into their products or resell them with their
products. Our other channel partners, principally resellers and distributors,
sell our software products to end user customers.

We derive our revenue from license fees for software products and fees for
services relating to the software products, including consulting, training,
software and data updates, technical support and real-time marketing services
over the Internet.

We recognize revenue from sales of software licenses to end users upon:
determination that persuasive evidence of an arrangement exists; delivery of the
software to a customer; determination that collection of a fixed or determinable
license fee is probable; and determination that no undelivered services are
essential to the functionality of the licensed software.

If consulting services are essential to the functionality of the licensed
software, then both the license revenue and the consulting service revenue are
recognized as the services are performed. Our arrangements regarding sales of
software licenses generally do not include services that are essential to the
functionality of the software.

Revenue for transactions with enterprise application vendors, OEMs, and
distributors is generally recognized when the licenses are resold or utilized by
the reseller and all related obligations on our part have been satisfied.
However, if the contract stipulates a non-refundable royalty payment to be paid
in advance of any resale, revenue is recognized upon execution of the contract.


                                       12
<PAGE>
Maintenance contracts generally call for us to provide technical support and
software updates and upgrades to customers. Maintenance revenue is recognized
ratably over the term of the maintenance contract, generally on a straight-line
basis when all revenue recognition requirements are met. Other service revenue,
primarily training and consulting, is generally recognized at the time the
service is performed and when it is determined that the Company has fulfilled
our obligations resulting from the services contract.

Statement of Position, 97-2, "Software Revenue Recognition" (SOP 97-2) was
issued in 1997 by the American Institute of Certified Public Accountants (AICPA)
and amended by Statements of Position 98-4 and 98-9. We adopted SOP 97-2
effective January 1, 1998. Based on our reading and interpretation of SOP's
97-2, 98-4 and 98-9, we believe our current revenue recognition policies and
practices are consistent with SOP's 97-2, 98-4, and 98-9.

RESULTS OF OPERATIONS (as restated)

The following tables set forth for the periods presented, certain data, from our
unaudited condensed consolidated statements of operations, including data as a
percentage and dollar amount of total revenue. The information contained in the
tables below should be read in conjunction with the Unaudited Condensed
Consolidated Financial Statements and Notes thereto included elsewhere in this
quarterly report on Form 10-Q/A.

TABLE I: DATA PRESENTED AS A PERCENTAGE OF TOTAL REVENUE

<TABLE>
<CAPTION>
                                             THREE MONTHS ENDED    SIX MONTHS ENDED
                                                  JUNE 30,              JUNE 30,
                                             ------------------    ----------------
                                             2001          2000    2001        2000
                                             ----          ----    ----        ----
<S>                                          <C>           <C>     <C>         <C>
Revenue:
    License                                    54%           63%     50%         62%
    Service                                    46            37      50          38
                                             ----          ----    ----        ----
       Total revenue                          100           100     100         100
                                             ----          ----    ----        ----
Net cost of revenue:
    License                                     7             3       8           4
    Service                                    23            14      26          14
                                             ----          ----    ----        ----
       Total cost of revenue                   30            17      34          18
                                             ----          ----    ----        ----
Gross profit                                   70            83      66          82
                                             ----          ----    ----        ----
Operating expenses:
    Sales and marketing                        78            52      80          56
    Research and development                   28            24      32          26
    General and administrative                 18            10      30          10
    Merger and integration credits             --           (11)     --          (6)
                                             ----          ----    ----        ----
       Total operating expenses               124            75     142          86
                                             ----          ----    ----        ----
Income (loss) from operations                 (54)            8     (76)         (4)
Other income (expenses), net                   (1)            1      --           2
                                             ----          ----    ----        ----
Net income (loss) before income taxes         (55)            9     (76)         (2)
Provision for income taxes                      0             0       0           0
                                             ----          ----    ----        ----
Net income (loss)                             (55)%           9%    (76)%        (2)%
                                             ====          ====    ====        ====
</TABLE>

TABLE II: DATA PRESENTED IN DOLLAR AMOUNT (IN THOUSANDS)

<TABLE>
<CAPTION>
                                            THREE MONTHS ENDED     SIX MONTHS ENDED
                                                 JUNE 30,               JUNE 30,
                                           --------------------   -------------------
                                             2001        2000       2001       2000
                                           --------    --------   --------   --------
<S>                                        <C>         <C>        <C>        <C>
Revenue:
    License                                $  6,722    $ 11,046   $ 11,469   $ 19,690
    Service                                   5,812       6,456     11,356     12,349
                                           --------    --------   --------   --------
       Total revenue                         12,534      17,502     22,825     32,039
                                           --------    --------   --------   --------
Net cost of revenue:
    License                                     921         513      1,751      1,145
    Service                                   2,856       2,402      5,990      4,477
                                           --------    --------   --------   --------
       Total cost of revenue                  3,777       2,915      7,741      5,622
                                           --------    --------   --------   --------
Gross profit                                  8,757      14,587     15,084     26,417
                                           --------    --------   --------   --------
Operating expenses:
</TABLE>


                                       13
<PAGE>
<TABLE>
<S>                                        <C>         <C>        <C>        <C>
    Sales and marketing                       9,750       9,210     18,283     18,003
    Research and development                  3,553       4,276      7,406      8,315
    General and administrative                2,257       1,719      6,823      3,202
    Merger and integration credits               --      (1,950)        --     (1,950)
                                           --------    --------   --------   --------
       Total operating expenses              15,560      13,255     32,512     27,570
                                           --------    --------   --------   --------
Income (loss) from operations                (6,803)      1,332    (17,428)    (1,153)
Other income (expenses), net                   (108)        208         18        683
                                           --------    --------   --------   --------
Net income (loss) before income taxes        (6,911)      1,540    (17,410)      (470)
Provision for income taxes                       32           7         57         17
                                           --------    --------   --------   --------
Net income (loss)                          $ (6,943)   $  1,533   $(17,467)  $   (487)
                                           ========    ========   ========   ========
</TABLE>

Revenue

Total revenue decreased 28% to $12.5 million for the three months ended June 30,
2001 from $17.5 million for the corresponding period in 2000. For the six months
ended June 30, 2001, total revenue decreased 29% to $22.8 million from $32.0
million for the corresponding period in 2000. We believe that this decline is
attributed to a slower domestic market demand for software products in a
generally weakened economic and information technology purchasing environment.

International revenues increased 17% to $ 2.8 million for the three months ended
June 30, 2001 from $ 2.4 million for the corresponding period in 2000,
international revenues increased 44% to $5.6 million for the six months ended
June 30, 2001 from $3.9 million for the corresponding period in 2000. This
increase is attributed mainly to expansion of our international operations as
well as stronger overseas market demand.

License revenue decreased 39% to $6.7 million for the three months ended June
30, 2001 from $11.0 million for the corresponding period in 2000. For the six
months ended June 30, 2001, license revenue decreased 42% to $11.5 million from
$19.7 million for the corresponding period in 2000. The decrease was primarily
attributed to a slower domestic market demand. In addition to this decline in
license revenue in absolute dollars, our license revenue is also declining as a
percentage of our total revenue.

Service revenue decreased 11% to $5.8 million for the three months ended June
30, 2001 from $6.5 million for the corresponding period in 2000. For the six
months ended June 30, 2001, service revenue decreased 7% to $11.4 million from
$12.3 million for the corresponding period in 2000. Decreases in service revenue
were due to declines in consulting and training services attributed to a slow
down in the economy and a decline in new license revenue in the second half of
2000 and the first quarter of 2001. The increase in service revenue as a
percentage of total revenue from the corresponding periods in the prior year was
due in large part to the overall decline in license revenue.

Cost of Revenue

Cost of revenue from license sales consists primarily of royalties, product
packaging, shipping, media, and documentation. Our cost of revenue for license
sales was $0.9 million and $0.5 million for the three months ended June 30, 2001
and 2000, respectively, representing 14% and 5% of license revenue for the three
months ended June 31, 2001 and 2000, respectively. Our cost of license revenue
was $1.8 million and $1.1 million for the six months ended June 30, 2001 and
2000, respectively, representing 15% and 6% of license revenue for the six
months ended June 30, 2001 and 2000, respectively. The increase as a percentage
of license revenue was primarily due to impairment of royalty prepayments
recognized during the six months period ended June 30, 2001, as we do not expect
to utilize these prepayments.

Cost of service consists primarily of personnel costs associated with providing
software maintenance, technical support, training and consulting services. Our
cost of service revenue was $2.9 million and $2.4 million for the three months
ended June 30, 2001 and 2000, respectively, representing 49% and 37% of service
revenue for the three months ended June 30, 2001 and 2000, respectively. Our
cost of service revenue was $6.0 million and $4.5 million for the six months
ended June 30, 2001 and 2000, respectively, representing 53% and 36% of service
revenue for the six months ended June 30, 2001 and 2000, respectively. The
increase as a percentage of net service revenue was due primarily to additional
support personnel and to outsourcing online services in 2001.

Gross Profit

Gross profit declined to 70% for the three months ended June 30, 2001 from 83%
for the same period in the prior year. Our gross profit declined to 66% for the
six months ended June 30, 2001 from 82% for the same period in the prior year.
The decline was mainly


                                       14
<PAGE>
attributed to lower new license revenue, and as a result, lower consulting and
training revenue that is usually associated with new licenses. Furthermore, the
cost of revenue for license and service increased as was discussed in the
preceding paragraph.

Sales and Marketing

Sales and marketing expenses consist primarily of compensation, travel,
marketing programs, and branch sales facilities. Sales and marketing expenses
increased 7% to $9.8 million for the three months ended June 30, 2001 from $9.2
million for the three months ended June 30, 2000. For the six months ended June
30, 2001, sales and marketing expenses increased 2% to $18.3 million from $18.0
million for the same six months in the prior year. Sales and marketing expenses
represented 78% and 52% of total net revenue for the three months ended June 30,
2001 and 2000, respectively. Sales and marketing expenses represented 80% and
56% of total net revenue for the six months ended June 30, 2001, and 2000,
respectively. The increase as a percentage of net total revenue was attributable
to a decline in net revenue and an increase in sales and marketing expenses in
the 2001 period. In 2001, we have focused our efforts to grow our revenue
domestically and internationally; as a result, we acquired and established
additional subsidiaries in Asia Pacific, Benelux, and Australia that contributed
to an increase in the absolute dollar amount of sales and marketing expenses.

Research and Development

Research and development expenses consist primarily of personnel and related
costs associated with the development of new products, the enhancement and
localization of existing products, quality assurance, testing and facilities.
Research and development expenses decreased 16% to $3.6 million for the three
months ended June 30, 2001 from $4.3 million for the three months ended June 30,
2000. For the six months ended June 30, 2001, research and development expenses
decreased 11% to $7.4 million from $8.3 million for the same six months in the
prior year. Research and development expenses represented 28% and 24% of total
net revenue for the three months ended June 30, 2001 and 2000, respectively.
Research and development expenses represented 32% and 26% of total net revenue
for the six months ended June 30, 2001, and 2000, respectively. The increase as
a percentage of net total revenue was primarily attributable to a decline in net
revenue. The decline in absolute dollar amount in research and development
expenses was attributable to cost cutting measures and controlling discretionary
spending to align the total expenditures of our company with our revenue.

General and Administrative

General and administrative expenses consist primarily of personnel costs for
finance, human resources, information systems and general management as well as
legal, accounting, bad debt expenses, and amortization of goodwill. General and
Administrative expenses increased 31% to $2.3 million for the three months ended
June 30, 2001 from $1.7 million for the three months ended June 30, 2000. During
the six month period ended June 30, 2001, general and administrative expenses
increased 113% to $6.8 million from $3.2 million for the same six months in the
prior year. General and Administrative expenses represented 18% and 10% of total
net revenue for the three months ended June 30, 2001 and 2000, respectively.
General and administrative expenses represented 30% and 10% of total net revenue
for the six months ended June 30, 2001, and 2000, respectively. The increase as
percentage of net total revenue was primarily attributable to a decline in net
revenue. The increase in absolute dollar amount for the three months ended June
30, 2001 was mainly due to an increase in amortization of goodwill and
intangibles and higher executive compensation expenses. The increase in absolute
dollar amount for the six months ended June 30, 2001 was primarily due to bad
debt expenses, higher professional services fees, and increases in amortization
of goodwill, and higher executive compensation expenses.

LIQUIDITY AND CAPITAL RESOURCES

At June 30, 2001, we had cash and cash equivalents totaling $11.5 million, an
increase of $5.1 million from December 31, 2000. Since inception, we have funded
our operations primarily by private sales of equity securities, the use of
equipment leases and the initial public offering of our common stock in April
1999, and not from cash generated by our business.

In February 2001, we completed a private placement of approximately 5.8 million
shares of our common stock and received proceeds of $16.1 million, net of $0.6
million in offering costs. In connection with the private placement, we also
issued to certain placement agents warrants to purchase 210 shares of our common
stock.

In August 2001, we completed a private placement of approximately 9.1 million
shares of our common stock and received proceeds of $16.0 million, net of $0.8
million in offering costs. In connection with the private placement, we also
issued to certain placement agents warrants to purchase 456 shares of our common
stock.


                                       15
<PAGE>
Net cash used in operating activities was $12.7 million and $11.0 million for
the six months ended June 30, 2001 and 2000, respectively.

In June 2000, we entered into a $10 million bank line of credit agreement
collateralized by certain of our assets. The credit line allowed for advances
against eligible accounts receivable in an aggregate amount not to exceed the
lesser of the committed revolving line or the borrowing base, less any
outstanding letters of credit. Advances against the revolving line bore interest
at the bank's prime rate plus 1%. The line of credit expired in June 2001.

RECENT ACCOUNTING PRONOUNCEMENTS

In June 1998, the Financial Accounting Standard Board (FASB) issued Statement of
Financial Accounting Standard (SFAS) No. 133, "Accounting for Derivative
Instruments and Hedging Activities." SFAS No. 133 establishes a new model for
accounting for derivatives and hedging activities and supercedes and amends a
number of existing accounting standards. SFAS No. 133 requires that all
derivatives be recognized in the balance sheet at their fair market value and
the corresponding derivative gains or losses be either reported in the statement
of operations or as a deferred item depending on the type of hedge relationship
that exists with respect to any derivatives. Sagent adopted SFAS No. 133 in its
quarter ended March 31, 2001. The adoption of the SFAS No.133 has not had a
material effect on the Sagent's consolidated results of operations or financial
position for the three or six months ended June 30, 2001.

In October 2000, the Financial Accounting Standards Board (FASB) issued
Statement of Financial Accounting Standards (SFAS) No. 140, "Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities."
This statement supercedes and replaces the guidance in Statement 125, Accounting
for Transfers and Servicing of Financial Assets and Extinguishments of
Liabilities (SFAS 125 or Statement 125). SFAS No. 140 provides accounting and
reporting guidance for transfers and servicing of financial assets and
extinguishments of liabilities. The provisions of SFAS No. 140 will become
effective for transactions entered into after March 31, 2001. The adoption of
SFAS No. 140 has not had a material effect on Sagent's consolidated financial
statements.

In July 2001, the Financial Accounting Standards Board ("FASB") issued SFAS No.
141, "Business Combinations" and SFAS No. 142, "Goodwill and Other Intangible
Assets." SFAS No. 141 requires business combinations initiated after June 30,
2001 to be accounted for using the purchase method of accounting, and broadens
the criteria for recording intangible assets separate from goodwill. Recorded
goodwill and intangibles will be evaluated against this criteria and may result
in certain intangibles being subsumed into goodwill, or alternatively, amounts
initially recorded as goodwill maybe separately identified and recognized apart
from goodwill. SFAS No. 142 requires the use of a nonamortization approach to
account for purchased goodwill and certain intangibles. Under a nonamortization
approach, goodwill and certain intangibles will not be amortized into results of
operations, but instead would be reviewed for impairment and written down and
charged to results of operations only in the periods in which the recorded value
of goodwill and certain intangibles is more than its fair value. The provisions
for each statement which apply to goodwill and intangible assets acquired prior
to June 30, 2001, will be adopted by the Company on January 1, 2002.

Sagent is currently assessing the impacts of adoption of SFAS No. 141 and SFAS
No. 142. Sagent amortized $1,075 and $1,152 of goodwill during the six months
ended June 30, 2001 and 2000, respectively.

RISK FACTORS THAT MAY AFFECT FUTURE RESULTS

Any investment in our common stock involves a high degree of risk. You should
consider carefully the following information about risks, together with the
other information contained in this quarterly report on Form 10-Q, in your
decision to buy or continue to hold our common stock. Additional risks and
uncertainties not known to us or that we now believe to be unimportant could
also impair our business. If any of the following risks actually occur, our
business, results of operations and financial condition could suffer
significantly. As a result, the market price of our common stock could decline,
and you may lose all of your investment.


                                       16
<PAGE>

WE HAVE A HISTORY OF LOSSES, AND WE MAY NOT ACHIEVE PROFITABILITY IN THE FUTURE.

For the six months ended June 30, 2001, we incurred net losses of $17.5 million.
We incurred net losses of $23.7 million, $12.1 million, and $15.1 million for
the years ended December 31, 2000, 1999 and 1998, respectively. As of June 30,
2001, we had an accumulated deficit of $184.4 million. We cannot assure you that
we will achieve profitability, and if we do achieve profitability, that we will
be able to sustain profitability.

WE MAY NEED TO RAISE ADDITIONAL CAPITAL IN THE FUTURE TO FUND OUR OPERATIONS.

Since our inception, we have funded our operations primarily through sales of
equity securities, and not from cash generated by our business. During the last
nine months, we have completed two separate private offerings of our common
stock. In February 2001, we sold 5.8 million shares of our common stock to a
group of private investors, raising approximately $16.0 million in net proceeds.

Although we believe that our current cash and cash equivalents and any net cash
provided by operations will be sufficient to meet anticipated cash needs for the
next twelve months, a net revenue shortfall could require us to reduce
operations or raise additional funds through equity or debt financings. We
cannot assure you any equity or debt financing will be available to us on
favorable terms, if at all, or that if available, such financing will not be
dilutive to our stockholders. If we are unable to raise additional capital, we
will take actions to conserve our cash balances, including significantly
reducing our operating expenses, downsizing our staff and closing existing
branch offices, all of which could have a material adverse effect on our
business, financial condition and our ability to reduce losses or generate
profits.

VARIATIONS IN OUR QUARTERLY OPERATING RESULTS DUE TO SUCH FACTORS AS CHANGES IN
DEMAND FOR OUR PRODUCTS AND CHANGES IN OUR MIX OF REVENUES MAY CAUSE OUR STOCK
PRICE TO DECLINE.

We expect our quarterly operating results to fluctuate. We therefore believe
that quarter-to-quarter comparisons of our operating results may not be a good
indication of our future performance, and you should not rely on them to predict
our future performance or the future performance of our stock price. Our
short-term expense levels are relatively fixed and are based on our expectations
of future revenues. A shortfall of revenue from our expectations could result in
the impairment of our assets or cause us to incur restructuring charges. As a
result, a reduction in revenue in a quarter may harm our operating results for
that quarter. In the past, our operating results have fallen below the
expectations of market analysts and investors. If we fall short of market
expectations in future quarters, the price of our common stock may fall. Factors
that may cause our operating results to fluctuate on a quarterly basis include:

    -   varying size, timing and contractual terms of orders for our products;


                                       17
<PAGE>
    -   lengthy sales cycles associated with our products;

    -   changes in the mix of revenue attributable to higher-margin product
        license revenue as opposed to lower-margin service revenue;

    -   customers' decisions to defer orders or implementations, particularly
        large orders or implementations, from one quarter to the next;

    -   announcements or introductions of new products by our competitors,

    -   our ability to hire, train and retain sufficient engineering,
        consulting, training and sales staff; and

    -   subcontracting to more expensive consulting organizations to help
        provide implementation, support and training services when our own
        capacity is constrained.

A SLOWING ECONOMY AND REDUCTIONS IN INFORMATION TECHNOLOGY SPENDING MAY
NEGATIVELY AFFECT OUR REVENUES.

Our revenues may be negatively affected by the increasingly uncertain economic
conditions both in the market generally and in our industry. The terrorist acts
of September 11, 2001 and subsequent terrorist activities have further
contributed to an uncertain economic environment and we cannot predict the
impact of these events, or of any related military action, on our customers or
business. Due to the general economic uncertainty, some companies may further
reduce their budgets for spending on information technology and communications
equipment. If the economy continues to slow, some companies may reduce their
budgets for spending on information technology and business software. As a
consequence, our sales cycle may become longer with some customers, and other
prospective customers may postpone, reduce, or even forego the purchase of our
products and services, which could negatively affect our revenues.

ENTERPRISE BUSINESS INTELLIGENCE SOFTWARE MARKETS MAY NOT GROW.

Since all of our revenues are attributable to the sale of enterprise business
intelligence software and related maintenance, consulting and training services,
if the market for enterprise intelligence software does not grow, our business
will not grow. We expect enterprise business intelligence software and services
to account for substantially all of our revenue for the foreseeable future.
Although demand for enterprise business intelligence software has grown in
recent years, the market may not continue to grow or, even if the market does
grow, businesses may not adopt our products.

IF WE FAIL TO EXPAND OUR DIRECT AND INDIRECT SALES CHANNELS, WE WILL NOT BE ABLE
TO INCREASE REVENUES.

In order to grow our business, we need to increase market awareness and sales of
our products and services. To achieve this goal, we need to increase both our
direct and indirect sales channels. If we fail to do so, this failure could harm
our ability to increase revenues. We currently receive a significant portion of
our revenues from direct sales, but we intend to increase sales through indirect
sales channels in the future.

We intend to derive more revenues from indirect sales channels by selling our
software through value-added resellers (VARs) and original equipment
manufacturers (OEMs). These VARs and OEMs offer our software products to their
customers together with consulting and implementation services or integrate our
software solutions with other software. Our ability to increase our revenues is
dependent on entering into relationships with these VARs and OEMs.

We expect as part of our strategy to increase international sales principally
through both direct and indirect sales. Our ability to develop and maintain
direct and indirect channels will significantly affect our ability to penetrate
international markets.

PENDING LITIGATION COULD HARM OUR BUSINESS.

From October 20, 2000 to November 27, 2000, several class action lawsuits were
filed in the United States District Court on behalf of the individual investors
who purchased our common stock between October 21, 1999 and April 18, 2000. The
claims allege that we


                                       18
<PAGE>
misrepresented our prospects for 1999 and the first quarter of 2000. Thereafter,
the court consolidated the complaints and selected a lead plaintiff and counsel.
A consolidated amended complaint was filed in April 2001.

The defendants filed a motion to dismiss the consolidated amended complaint. On
September 28, 2001, the court granted the defendants' motion, and gave the
plaintiffs leave to amend the complaint.

On November 17, 2000, a derivative lawsuit was filed by a purported Sagent
shareholder in the Superior Court of California for the County of San Mateo (the
"Fanucci complaint"). On February 9, 2001, a second derivative lawsuit was filed
in the Superior Court of California for the County of Santa Clara (the "Hu
complaint"). The complaints name certain of our present and former officers and
directors as defendants. The Hu complaint also names an investment bank retained
by us and an employee of that firm as defendants. We have also been named as a
nominal defendant. The principal allegation of the complaints is that the
defendants breached their fiduciary duties to us. In July 2001, the two cases
were coordinated for pretrial purposes in the Superior Court of California for
the County of Santa Clara.

Sagent filed a motion to dismiss the Fanucci complaint, on the ground that,
among other things, the plaintiff had failed to make a pre-suit demand on the
board of directors as required by Delaware law. The officer and director
defendants joined in that motion, and also moved to dismiss on the grounds that
the complaint fails to allege the asserted causes of action against the
individual defendants. Similar motions were filed concerning the Hu complaint.

WE HAVE A RELATIVELY NEW MANAGEMENT TEAM AND THERE IS NO GUARANTEE THAT THEY
WILL BE SUCCESSFUL IN GROWING OUR BUSINESS.

Our management team has not been with us for a significant length of time. Ben
C. Barnes, our Chief Executive Officer, joined us in August 2000, replacing
founder Ken Gardner. Steven Springsteel, our Chief Financial Officer, joined us
in November 2001. Jack Peters, Senior Vice President, Sales -- Americas,
Marketing, Arthur Parker, President/General Manager -- Europe, Middle East and
Africa and Larry Scroggins, Senior Vice President, Business Development, and
Richard Ghiossi, Chief Marketing Officer joined us in September 2000, November
2000, January 2001, February 2001, and November 2001 respectively. Most of
these employees serve "at-will" and may elect to pursue other opportunities at
any time. If our management team is unable to work effectively together to
accomplish our business objectives, our ability to grow our business could be
severely impaired.

IF WE DO NOT KEEP PACE WITH TECHNOLOGICAL CHANGE, OUR PRODUCTS MAY BE RENDERED
OBSOLETE AND OUR BUSINESS MAY FAIL.

Our industry is characterized by rapid technological change, changes in customer
requirements, frequent new product introductions and enhancements and emerging
industry standards. In order to achieve broad customer acceptance, our products
must be compatible with major software and e-commerce applications and operating
systems. We must continually modify and enhance our products to keep pace with
changes in these applications and systems. If our products were to be
incompatible with popular new systems or applications, our business would be
significantly harmed. In addition, the development of entirely new technologies
replacing existing software could lead to new competitive products that have
better performance or lower prices than our products and could render our
products obsolete.

Delays or problems in the installation or implementation of our new releases may
cause customers to forego purchases of our products to purchase those of our
competitors.

OUR MARKETS ARE HIGHLY COMPETITIVE AND COMPETITION COULD HARM OUR ABILITY TO
SELL PRODUCTS AND SERVICES AND REDUCE OUR MARKET SHARE.


                                       19
<PAGE>
Competition could seriously harm our ability to sell additional software and
maintenance and support renewals on prices and terms favorable to us.
Additionally, if we cannot compete effectively, we may lose market share. The
markets for our products are intensely competitive and subject to rapidly
changing technology. We compete against providers of decision support software,
data warehousing software and enterprise application software. We also compete
with providers of e-Business software, which allows for the electronic delivery
of products and services that enable commerce among businesses and end users.
Companies in each of these areas may expand their technologies or acquire
companies to support greater enterprise intelligence functionality and
capability, particularly in the areas of query response time and the ability to
support large numbers of users. We may also face competition from vendors of
products and turnkey solutions for e-Business applications that include Internet
based information functionality.

Many of our competitors have longer operating histories, significantly greater
financial, technical, marketing or other resources, or greater name recognition
than we do. Our competitors may be able to respond more quickly than we can to
new or emerging technologies and changes in customer requirements.

WE RELY, IN PART, ON EQUITY INCENTIVES TO ATTRACT AND RETAIN EMPLOYEES, AND THE
PERFORMANCE OF OUR STOCK PRICE MAY IMPAIR OUR ABILITY TO ATTRACT AND RETAIN
QUALIFIED PERSONNEL.

The market price of our common stock has fluctuated substantially since our
initial public offering in April 1999, and has experienced a significant decline
since the first quarter of 2000. We have relied historically on our ability to
attract and retain employees using equity incentives, and any perception by
potential or existing employees that our equity incentives are less attractive
could harm our ability to attract and retain qualified employees.

WE RELY ON MARKETING, TECHNOLOGY AND DISTRIBUTION RELATIONSHIPS THAT MAY
GENERALLY BE TERMINATED AT ANY TIME, AND IF OUR CURRENT AND FUTURE RELATIONSHIPS
ARE NOT SUCCESSFUL, OUR GROWTH MAY BE LIMITED.

We rely on marketing and technology relationships with a variety of companies
that, in part, generate leads for the sale of our products. These marketing and
technology relationships include relationships with:

    -   system integrators and consulting firms;

    -   vendors of e-commerce and Internet software;

    -   vendors of software designed for customer relationship management or for
        management of organizations' operational information;

    -   vendors of key technology and platforms;

    -   demographic data providers; and

    -   an application service provider and an Internet hoster.

If we cannot maintain successful marketing and technology relationships or
cannot enter into additional marketing and technology relationships, we may have
difficulty expanding the sales of our products and our growth may be limited.

IF WE LOSE KEY LICENSES WE MAY BE REQUIRED TO DEVELOP OR LICENSE ALTERNATIVES
WHICH MAY CAUSE DELAYS OR REDUCTIONS IN SALES.

We rely on software that we have licensed from Opalis S.A. to perform key
functions of our Sagent Automation product that automates common tasks in
managing data. We also rely on software we have licensed from Microsoft
Corporation to allow users to be able to customize the user interface provided
by our Sagent Design Studio product. These licenses may not continue to be
available to us on commercially reasonable terms. The loss of either of these
licenses could result in delays or reductions of shipments of our product suite
until equivalent software could be developed, identified, licensed and
integrated. If customers require the automation and/or the user interface
customization features when licenses for either of those are not available, they
may delay or decline to purchase our product suite.

FAILURE OF COMMERCIAL USERS TO ACCEPT INTERNET SOLUTIONS COULD LIMIT OUR FUTURE
GROWTH.


                                       20
<PAGE>
A key element of our strategy is to offer users the ability to access, analyze
and report information from a data server through a Web browser. Our growth may
be limited if businesses do not accept Internet solutions or perceive them to be
cost-effective. Continued viability of the Internet depends on several factors,
including:

    -   Third parties' abilities to develop new enabling technologies in a
        timely manner;

    -   The Internet's ability to handle increased activity;

    -   The Internet's ability to operate as a fast, reliable and secure
        network; and

    -   Potential changes in government regulation.

Moreover, critical issues concerning the commercial use of the Internet,
including data corruption, cost, ease of use, accessibility and quality of
service, remain unresolved and may negatively affect commerce and communication
on the Internet. These issues will need to be addressed in order for the market
for our products and services to grow.

WE HAVE EXPANDED OUR INTERNATIONAL OPERATIONS BUT MAY ENCOUNTER A NUMBER OF
PROBLEMS IN MANAGING OVERSEAS OPERATIONS, WHICH COULD LIMIT OUR FUTURE GROWTH.

We may not be able to successfully market, sell, deliver and support our
products and services internationally. Our failure to manage our international
operations effectively could limit the future growth of our business.
International sales represented approximately 13% of our total net revenue for
the year ended December 31, 2000 and 25% for the first six months ended June 30,
2001. We conduct our international sales through local subsidiaries in the
United Kingdom, Germany, France, Japan, Brazil, the Asia/Pacific, the Benelux
Region, and Australia and through distributor relationships in South Africa and
Spain. The expansion of our existing international operations and entry into
additional international markets will require management attention and
significant financial resources.

WE HAVE BEEN, AND MAY BE SUBJECT TO FUTURE, INTELLECTUAL PROPERTY INFRINGEMENT
CLAIMS.

We may be subject, from time to time, to claims that we are infringing the
intellectual property rights of others. Any litigation regarding intellectual
property rights may be costly to defend or settle, and may divert the attention
of our management and key personnel from our business operations. The complexity
of the technology involved and the uncertainty of intellectual property
litigation increase these risks. Claims of intellectual property infringement
might also require us to enter into costly royalty or license agreements. In
December 2000, we settled an infringement claim brought by Timeline, Inc. Under
the terms of the settlement, we paid Timeline $600,000 and issued 600,000 shares
of our common stock to Timeline. We may be subject to similar or more costly
claims in the future or may become subject to an injunction against use of our
products. A successful claim of patent or other intellectual property
infringement against us would have an immediate material adverse effect on our
business and financial condition.

IF WE ARE UNABLE TO PROTECT OUR INTELLECTUAL PROPERTY RIGHTS, THIS INABILITY
COULD WEAKEN OUR COMPETITIVE POSITION, REDUCE OUR REVENUE AND INCREASE OUR
COSTS.

Our success depends in large part on our proprietary technology. We rely on a
combination of copyright, trademark and trade secrets, confidentiality
procedures and licensing arrangements to establish and protect our proprietary
rights. We may be required to spend significant resources to monitor and police
our intellectual property rights. If we fail to successfully enforce our
intellectual property rights, our competitive position may be harmed.

Other software providers could copy or otherwise obtain and use our products or
technology without authorization. They also could develop similar technology
independently which may infringe our proprietary rights. We may not be able to
detect infringement and may lose a competitive position in the market before we
do so. In addition, competitors may design around our technology or develop
competing technologies. The laws of some foreign countries do not protect
proprietary rights to the same extent as do the laws of the United States.

IF WE DISCOVER SOFTWARE DEFECTS WE MAY HAVE PRODUCT-RELATED LIABILITIES WHICH
MAY LEAD TO LOSS OF REVENUE OR DELAY IN MARKET ACCEPTANCE FOR OUR PRODUCTS.


                                       21
<PAGE>
Our software products are internally complex and may contain errors, defects or
failures, especially when first introduced or when new versions are released. We
test our products extensively prior to releasing them; however, in the past we
have discovered software errors in some of our products after their
introduction. Despite extensive testing, we may not be able to detect and
correct errors in products or releases before commencing commercial shipments,
which may result in loss of revenue or delays in market acceptance.

Our license agreements with our customers typically contain provisions designed
to limit our exposure to potential product liability claims. All domestic and
international jurisdictions may not enforce these limitations. Although we have
not experienced any product liability claims to date, we may encounter such
claims in the future. Product liability claims, whether or not successful,
brought against us could divert the attention of management and key personnel
and could be expensive to defend.

WE HAVE ANTI-TAKEOVER DEFENSES THAT COULD DELAY OR PREVENT AN ACQUISITION OF OUR
COMPANY.

Provisions of our certificate of incorporation, bylaws, other agreements and
Delaware law could make it more difficult for a third party to acquire us, even
if doing so would be beneficial to our stockholders. Our board of directors
could choose not to negotiate with an acquirer that it did not feel was in the
strategic interests of our company. If the acquirer was discouraged from
offering to acquire us, or prevented from successfully completing a hostile
acquisition by the anti-takeover measures, you could lose the opportunity to
sell your shares at a favorable price.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

The following discusses our exposure to market risk related to changes in
interest rates, foreign currency exchange rates and equity prices. This
discussion contains forward-looking statements that are subject to risks and
uncertainties. Actual results could vary materially as a result of a number of
factors including those set forth in "Risk Factors That May Affect Results."

INTEREST RATE RISK

At June 30, 2001 we had cash and cash equivalents totaling $11.5 million. If
market interest rates decline, then our interest income would decline
accordingly.

FOREIGN CURRENCY EXCHANGE RATE RISK

Substantially all of our revenue recognized to date has been denominated in U.S.
dollars and a significant portion of such revenue has been realized outside of
the United States. To the extent that we engage in international sales
denominated in U.S. dollars, an increase in the value of the U.S. dollar
relative to foreign currencies could make our products less competitive in
international markets. Although we will continue to monitor our exposure to
currency fluctuations, and, when appropriate, may use financial hedging
techniques in the future to minimize the effect of these fluctuations, we cannot
assure you that exchange rate fluctuations will not harm our business in the
future.

EQUITY PRICE RISK

We do not own any significant public company equity investments. Therefore, we
believe we are not currently exposed to any direct equity price risk.

                          PART II -- OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From October 20, 2000 to November 27, 2000, several class action lawsuits were
filed in the United States District Court on behalf of the individual investors
who purchased our common stock between October 21, 1999 and April 18, 2000. The
claims allege that we misrepresented our prospects for 1999 and the first
quarter of 2000. The court recently consolidated the complaints and selected a
lead plaintiff and counsel. A consolidated amended complaint was filed in April
2001.

On November 17, 2000, a derivative lawsuit was filed by a purported Sagent
shareholder in the Superior Court of California for the County of San Mateo. On
February 9, 2001, a second derivative lawsuit was filed in the Superior Court of
California for the County of Santa Clara. The complaints name certain of our
present and former officers and directors as defendants. The complaint in Santa
Clara County also named an investment bank retained by us and an employee of
that firm as defendants. We have also been named as a


                                       22
<PAGE>
nominal defendant. The principal allegation of the complaints is that the
defendants breached their fiduciary duties to us. In July 2001, the two cases
were coordinated for pretrial purposes in the Superior Court of California for
the County of Santa Clara.

From time to time, we may be involved in litigation relating to claims arising
in the ordinary course of business. We establish reserves for such claims when a
loss is probable and the amount of such loss is reasonably estimable. As of June
30, 2001, no such claims were probable and reasonably estimable.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

(c) Recent Sales of Unregistered Securities.

In January 2001, we issued an aggregate of 950 shares of our unregistered common
stock to eGlobal Technology Services Holdings Limited, valued at $3.5 million,
in consideration for an additional 33% interest in an entity jointly owned by us
and eGlobal called Sagent (Asia Pacific) Pte. Ltd. We relied upon Section 4(2)
of the Securities Act in connection with the sale of the shares. The investor
represented that it had such knowledge and experience in financial and business
matters that it was capable of evaluating the merits and risks of the
investment.

In February 2001, we sold an aggregate of 5,750 shares of our unregistered
common stock at a price per share of $2.90 to certain investors for an aggregate
cash consideration of approximately $16.1 million, net of $0.6 million in
offering costs. In connection with such sale, we also issued to certain
placement agents in consideration of services rendered warrants to purchase 210
shares of our unregistered common stock at an exercise price of $2.90 per share.
We relied upon Regulation D, Rule 506, of the Securities Act in connection with
the sale of the shares and the issuance of the warrants. The sale of shares of
common stock and the issuance of the warrants were made in compliance with all
the terms of Rule 501 and 502 of Regulation D.

In August 2001, we sold an aggregate of 9,115 shares of our unregistered common
stock at a price per share of $1.84 to certain investors for an aggregate cash
consideration of approximately $16.0 million, net of $0.8 million in offering
costs. In connection with such sale, we also issued to certain placement agents
in consideration of services rendered warrants to purchase 456 shares of our
unregistered common stock at an exercise price of $1.84 per share. We relied
upon Regulation D, Rule 506, of the Securities Act in connection with the sale
of the shares and the issuance of the warrants. The sale of shares of common
stock and the issuance of the warrants were made in compliance with all the
terms of Rule 501 and 502 of Regulation D.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Sagent's Annual Meeting of Stockholders was held on June 12, 2001. At that time,
there were present in person or by proxy 25,432,295 shares representing 69% of
the 36,512,762 shares entitled to vote. Stockholders elected two directors
nominated in the May 2, 2001 Notice of Annual Meeting and Proxy Statement,
incorporated herein by reference, to hold office for a term of three years.
Additionally, the stockholders ratified the appointment of KPMG LLP as Sagent's
independent auditors for the year ending December 31, 2001, and approved a
250,000 increase in number of shares available for issuance under the 1999
Employee Stock Purchase Plan.

Result of stockholder voting were as follows:

1.  Election of Directors

<TABLE>
<CAPTION>
         NOMINEE                            VOTES FOR          VOTES WITHHELD
         -------                            ----------         --------------
<S>                                         <C>                <C>
         Keith Maib                         24,959,744            472,551
         Andre Boisvert                     25,028,840            403,455
</TABLE>

2.  Proposal to ratify the appointment of KPMG LLP as independent auditors for
    the year ending December 31, 2001.

<TABLE>
<CAPTION>
             FOR                   AGAINST                 ABSTAIN
             ---                   -------                 -------
<S>                                <C>                     <C>
          25,364,988               46,490                  20,817
</TABLE>


                                       23
<PAGE>
3.  Increase in the number of shares authorized for issuance under 1999 Employee
    Stock Purchase Plan by 250,000.

<TABLE>
<CAPTION>
             FOR                   AGAINST                 ABSTAIN
             ---                   -------                 -------
<S>                                <C>                     <C>
          25,009,133               385,491                  37,671
</TABLE>

ITEM 5. OTHER INFORMATION

Not applicable.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

    (a) Exhibits

    THE EXHIBITS LISTED IN THE ACCOMPANYING INDEX TO EXHIBITS ARE INCORPORATED
BY REFERENCE AS PART OF THIS FORM 10-Q/A.

    (b) Reports on Form 8-K

    No reports on Form 8-K were filed during the quarter ended June 30, 2001.

    Sagent filed a Form 8-K on August 7, 2001, relating to the closing of the
sale of 9.1 million shares of its common stock for an average price of $1.84 in
a private placement.


                                       24
<PAGE>
                                   SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report on Form 10-Q/A to be signed
on its behalf by the undersigned thereunto duly authorized.

                                    SAGENT TECHNOLOGY, INC.

Dated:  December 10, 2001           /s/  Steven R. Springsteel
                                    --------------------------------------------
                                    Steven R.  Springsteel
                                    Executive Vice President,
                                    Finance & Administration and
                                    Chief Financial Officer
                                    (Principal Financial and Accounting Officer)


                                       25
<PAGE>
                                INDEX TO EXHIBITS

<TABLE>
<CAPTION>
      NUMBER                                 TITLE
      ------                                 -----
<S>             <C>
      3.1(1)    Certificate of Incorporation of Registrant.

      3.2(1)    Amended and Restated Certificate of Incorporation of Registrant.

      3.3(1)    Bylaws of Registrant.

      4.1(1)    Form of Registrant's Common Stock Certificate.

      4.2(1)    Sixth Amended and Restated Registration Rights Agreement, dated
                as of February 24, 1998, between the Registrant and the parties
                named therein.

      4.3(1)    Common Stock Registration Rights Agreement, dated as of
                September 14, 1998, between the Registrant and Robert Hawk.

      4.4(1)    Common Stock Rights Agreement dated February 15, 2001 between
                the Registrant and the parties named therein.

      4.5(1)    Registration Rights Agreement dated January 19, 2001 between the
                Registrant and eGlobal Technology Holding Limited.

      4.6(4)    Common Stock Rights Agreement dated July 23, 2001 between the
                Registrant and the parties named therein.

     10.1(1)    Form of Indemnification Agreement entered into by Registrant
                with each of its directors and executive officers.

     10.2(1)    Amended and Restated 1995 Stock Plan and related agreements.

     10.3(1)    1998 Stock Plan and related agreements.

     10.4(1)    1999 Employee Stock Purchase Plan and related agreements.

     10.5(1)    1999 Director Option Plan and related agreements.

     10.6(1)    Master Equipment Lease Agreement, dated August 7, 1995, between
                the Registrant and Lighthouse Capital Partners, L.P.

     10.7(1)    Master Lease Agreement, dated as of September 26, 1998, between
                the Registrant and Dell Financial Services L.P.

     10.8(1)    Loan and Security Agreement, dated as of July 16, 1997, between
                the Registrant and Venture Banking Group, a division of
                Cupertino National Bank, and amendments thereto.

     10.9(1)    Standard Office Lease, dated June 1, 1998, by and between the
                Registrant and Asset Growth Partners, Ltd., and the First
                Amendment thereto.

     10.10(1)+  Development and Licensing Agreement, dated January 22, 1997,
                between the Registrant and Abacus Concepts, Inc.

     10.11(1)+  Microsoft License and Distribution Agreement, dated August 23,
                1996, between the Registrant and Microsoft Corporation.

     10.12(1)+  Sagent KK Non-Exclusive Japanese Distribution Agreement, dated
                as of December 17, 1997, between Sagent KK Japan and Kawasaki
                Steel Systems R&D Corporation.

     10.13(1)   Form of Sagent Technology, Inc. End User Software License
                Agreement.

     10.14(1)+  OEM Software License Agreement, effective March 31, 1998,
                between the Registrant and Siebel Systems, Inc.

     10.15(1)   Form of Sagent Technology, Inc. Software Maintenance and
                Technical Support Agreement.

     10.16(1)   Form of Sagent Technology, Inc. Agreement for Consulting
                Services.

     10.17(1)   Form of Sagent Technology, Inc. Agreement for Subcontractor
                Consulting Services.

     10.18(1)   Form of Evaluation Agreement.

     10.19(1)   Note, dated February 1, 1998, of W. Virginia Walker.

     10.20(1)   Note, dated February 1, 1998, of W. Virginia Walker.

     10.21(1)+  Solution Provider Agreement, effective June 27, 1997, between
                the Registrant and Unisys Corporation.

     10.22(1)   Executive Change of Control Policy.

     10.23(1)+  Software License and Services Agreement, dated March 31, 1998,
                between the Registrant and Siebel Systems, Inc.
</TABLE>


                                       26
<PAGE>

<TABLE>
<CAPTION>
      NUMBER                                 TITLE
      ------                                 -----
<S>             <C>
     10.24(1)   Common Stock Purchase Agreement, dated February 28, 1999,
                between the Registrant and Klaus S. Luft.

     10.25(1)   Notes, dated February 5, 1999, between the Registrant and Tom
                Lounibos.

     10.26(1)   Note, dated March 15, 1999, of Kenneth C. Holcomb.

     10.27(1)   Nonexclusive International Software Value Added Reseller ("VAR")
                Agreement, dated December 8, 1997, between the Registrant and
                Opalis S.A.

     10.28(2)   Employment Agreement dated August 4, 2000 between the Registrant
                and Ben C. Barnes.

     10.29(2)   Offer letter dated May 9, 2000 between the Registrant and David
                Eliff.

     10.30(2)   Note dated October 4, 2000 between the Registrant and Paul Wray.

     10.31(2)   Common Stock Purchase Agreement dated February 15, 2001 between
                the Registrant and the parties named therein.

     10.32(3)   Service Agreement, dated January 1, 2001, between the Registrant
                and Arthur Parker.

     10.33(4)   Stock Purchase Agreement dated July 23, 2001 between the
                Registrant and the parties named therein.
</TABLE>

------------

(1) Incorporated by reference to the exhibits to the Registrant's Registration
    Statement on Form S-1 (No. 333-71369), declared effective by the Securities
    and Exchange Commission (SEC) on April 14, 1999.

(2) Incorporated by reference to the exhibits to the Registrant's Annual Report
    on Form 10-K for the year ended December 31, 2000.

(3) Incorporated by reference to the exhibit to the Registrant's Quarterly
    Report on Form 10-Q/A for the quarterly period ended March 31, 2001.

(4) Incorporation by reference to the exhibits to the Registrant's Current
    Report on Form 8-K filed with the SEC on August 7, 2001.

+   Confidential treatment has been granted with respect to certain portions of
    this exhibit. Omitted portions have been filed separately with the
    Securities and Exchange Commission.


                                       27