Sapiens International

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

Earnings data Q4 2020

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Sapiens International reports solid Q2 growth and eyes global expansion

Sapiens International's Q2 performance reflects revenue growth, operational efficiency, and successful product launches.
The company's strengths lie in strategic investments, global market presence, and focus on digital transformation.
Challenges include market competition, technology integration, and maintaining cost-effectiveness.
Opportunities for Sapiens include North America expansion, innovation in AI solutions, and global market exploration.

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HOLON, Israel , Nov. 3, 2022 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2022. Summary Results for Third Quarter 2022 (USD in millions, except per share data) GAAP Non-GAAP Q3 2022 Q3 2021 % Change Q3 2022 Q3 2021 % Change Revenue $119 $117.8 1.0 % $119 $118.4 0.5 % Gross Profit $50.3 $48.3 4.1 % $53.5 $53.4 0.2 % Gross Margin 42.2 % 41.0 %  1 2 0 bps 45.0 % 45.1 % -10 bps Operating Income $16.6 $16.2 2.1 % $20.9 $21.0 -0.6 % Operating Margin 13.9 % 13.8 %  10 bps 17.6 % 17.7 %  -10 bps Net Income (*) $13.4 $13.3 0.9 % $16.9 $17.0 -0.6 % Diluted EPS $0.24 $0.24 0.0 % $0.30 $0.31 -3.2 % (*) Attributable to Sapiens' shareholders Roni Al-Dor, President and CEO of Sapiens, stated, "Our revenue reached $119 million, and on a constant currency basis, we grew by 8%.

Sapiens Reports Third Quarter 2022 Financial Results

Gary rejoins Sapiens as EVP, Chief Revenue Officer for North America RALEIGH, N.C. , Oct. 26, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, is happy to welcome aboard Gary Sherne, a seasoned insurance software executive who is rejoining Sapiens as EVP, Chief Revenue Officer for North America.

Gary Sherne Joins Sapiens North America Leadership Team

The Sapiens core solution, APIs, designers and portals will fully move the insurer to the cloud HOLON, Israel , Oct. 25, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the deployment of its cloud-first P&C platform Tia Enterprise as part of a suite of products and services to digitally transform Norwegian Property & Casualty insurer Landkreditt Forsikring.     Landkreditt Forsikring's legacy system has been replaced by the Sapiens solution in order to support business development needs and live up to security and compliance standards.

Landkreditt Forsikring, a Major Norwegian P&C Insurer, Selects Sapiens for Complete Core Transformation

HOLON, Israel , Oct. 24, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report on Thursday, November 3 rd, 2022, the financial results for the third quarter 2022.   The company will host a conference call and webcast on November 3 rd, 2022, at 9:30 a.m.

Sapiens To Announce Third Quarter 2022 Financial Results on November 3rd, 2022

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Sapiens IDITSuite will provide a single global platform for underwriting and billing HOLON, Israel , Oct. 11, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the deployment of its cloud-first P&C platform IDITSuite with Germany-based VEREINIGTE HAGEL, the country's leading provider of insurance to the agricultural industry.   VEREINIGTE HAGEL's current, historically grown application landscape will be replaced by the Sapiens modular and complete system that enables continuous end-to-end processing from front-end portal to back-end billing.

VEREINIGTE HAGEL, Germany's Leading Agricultural Insurer, Selects Sapiens for Complete P&C Core Transformation

BOSTON , Oct. 6, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Hi Marley, creators of the only insurance-focused collaboration platform powered by SMS, are pleased to announce their strategic partnership to streamline communication and collaboration throughout the claims process. The Hi Marley cloud-based integration with Sapiens CoreSuite helps carriers continually improve adjuster efficiency and modernize the claims experience while leveraging investments in their core claims management system.

Sapiens Partners with Hi Marley to Modernize the Claims Experience with AI-Enabled SMS Communication

Sapiens (SPNS) expands its network in North America with CGI, ForMotiv, Hi Marley, ODG by MCG and Opterrix as partners.

Sapiens' (SPNS) Expanding Partner Base Strengthens Prospect

Sapiens' CoreSuite for Life & Annuities combined with its DigitalSuite solution will innovate selling of life insurance through a new and exciting sales channel RALEIGH, N.C. , Sept. 22, 2022 /PRNewswire/ --  Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that a major financial services entity has selected Sapiens to deliver its life insurance service in the Americas.

Major Financial Institution Selects Sapiens to Disrupt How Life Insurance is Sold in the Americas

The partnerships will enhance and reinforce Sapiens' offerings across the value chain to better cater to both insurers and insureds   RALEIGH, N.C. , Sept. 21, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today the expansion of their Partner Network with five new tactical partnerships in the North American market including – CGI , ForMotiv, Hi Marley, ODG by MCG, and Opterrix, in order to provide Sapiens' customers with numerous new capabilities powered by modern insurtech solutions.

Sapiens Further Grows Partner Network to Optimize Insurance Processes

Sapiens International's (SPNS) latest artificial intelligence (AI)-based Decision Automated Logic Extraction (ALE) solution helps in the successful digital transformation of insurance providers.

Sapiens' (SPNS) Latest AI-Based Solution Strengthens Portfolio

The new AI-based solution extracts business logic from legacy systems into technology agnostic decision models, delivering a seamless digital transformation for insurers RALEIGH, N.C. , Sept. 19, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, launched today its new Artificial Intelligence (AI) based Sapiens Decision Automated Logic Extraction (ALE) solution.

New Sapiens Decision Automated Logic Extraction (ALE) Solution Reduces Legacy System Transformation Costs by 50%

Sapiens' (SPNS) ReinsurancePro gets selected by AEGIS to automate and modernize its reinsurance policy to improve efficiency and enable auditable processing.

Sapiens International's (SPNS) ReinsurancePro Selected by AEGIS

Sapiens Reinsurance solution will improve efficiency and enable auditable processing  to better serve partners RALEIGH, N.C. , Sept. 6, 2022 /PRNewswire/ --  Sapiens International Corporation  (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that AEGIS, a leading mutual insurance company, has selected Sapiens ReinsurancePro to enhance their internal controls processes, automated calculations and reporting.

AEGIS Selects Sapiens to Automate and Modernize its Reinsurance Processes

The partnership with Intellagents, a FatBrain AI company, creates opulent opportunities for P&C customers RALEIGH, N.C. , Aug. 16, 2022 /PRNewswire/ --  Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today an agreement with Intellagents, a no-code, hybrid cloud, independent insurance marketplace platform provider.

Sapiens Partners with Insurtech Marketplace Player Intellagents to Expand its P&C Ecosystem

The new partnerships will leverage these companies' insurance technology solutions. to deliver the ultimate customer experience across the insurance value chain HOLON, Israel , Aug. 10, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has expanded its Partner Network with four new strategic partnerships in the European market including– Akur8, Shift, Soleadify, and Imburse, in order to offer Sapiens' customers access to the widest range of innovative insuretech solutions.

Sapiens Extends Partner Network to Provide Customers with Insuretech Innovation

Sapiens' end-to-end solution will fulfil all of Old Mutual's business, analytical and regulatory data needs HOLON, Israel , Aug. 8, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the deployment of Sapiens Intelligence by Old Mutual Insure (OMI), South Africa's oldest insurance company. Sapiens' solution will provide an enterprise-wide consolidated view of the organization's data and support its reporting and analytics needs.

Old Mutual Insure, South Africa's Oldest Non-Life Insurer, Selects Sapiens for Complete Data and Analytics Solution

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q2 2022 Earnings Conference Call August 3, 2022 9:30 AM ET Company Participants Dina Vince - Head of Investor Relations Roni Dor - President & Chief Executive Officer Roni Giladi - Chief Financial Officer Alex Zukerman - Chief Strategy Officer Conference Call Participants JiaXian Huang - Jefferies Mayank Tandon - Needham & Company Dylan Becker - William Blair Chris Reimer - Barclays Operator Ladies and gentlemen, thank you for standing by.

Sapiens International Corporation N.V. (SPNS) CEO Roni Dor on Q2 2022 Results - Earnings Call Transcript

Sapiens (SPNS) delivered earnings and revenue surprises of -10% and 4.25%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Sapiens (SPNS) Q2 Earnings and Revenues Lag Estimates

HOLON, Israel, Aug. 3, 2022 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2022.   Summary Results for Second Quarter 2022 (USD in millions, except per share data) GAAP Non-GAAP Q2 2022 Q2 2021 % Change Q2 2022 Q2 2021 % Change Revenue $118.6 $114.4 3.7 % $118.6 $115.0 3.1 % Gross Profit $50.2 $46.6 7.6 % $53.2 $51.7 2.9 % Gross Margin 42.3 % 40.8 %  150 bps 44.9 % 45.0 %  -10 bps Operating Income $16.9 $13.2 28.4 % $20.7 $19.8 4.8 % Operating Margin 14.3 % 11.5 %  280 bps 17.5 % 17.2 %  30 bps Net Income (*) $11.9 $10.4 14.5 % $15.0 $16.0 -6.2 % Diluted EPS $0.21 $0.19 10.53 % $0.27 $0.29 -6.9 %   (*) Attributable to Sapiens' shareholders "Revenue in the second quarter of 2022 on a non-GAAP basis, amounted to $118.6 million, up 3.1% from the second quarter of 2021.

Sapiens Reports Second Quarter 2022 Financial Results

HOLON, Israel , July 20, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report on Wednesday, August 3 rd, 2022, the financial results for the second quarter 2022. The company will host a conference call and webcast on August 3 rd, 2022, at 9:30 a.m.

Sapiens To Announce Second Quarter 2022 Financial Results on August 3rd, 2022

HOLON, Israel , June 28, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Ma'alot S&P Global (a part of the global rating firm Standard & Poor's Financial Services LLC) ("S&P") upgraded the rating for its Series B Debentures from "ilA+" to "ilAA-" (on local scaling), with a stable outlook. The debentures are traded on the Tel Aviv Stock Exchange ("TASE") and were originally offered in Israel pursuant to Sapiens' Israeli shelf prospectus and shelf offering reports filed with the Israeli Securities Authority in September 2017 and June 2020.

S&P Global Ratings Maalot Upgrades Sapiens Series B Debentures Rating from "ilA+" with a Stable Outlook, to "ilAA-" with a Stable Outlook (Local Scale)

Sapiens' end-to-end solution empowers EquiTrust's strategic initiative to increase sales with a more intuitive, engaging experience RALEIGH, N.C., June 21, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that EquiTrust Life, a leading North American life and health insurance company, has selected Sapiens' award-winning suite of e-application, illustration and digital solutions to provide their agents next generation customer acquisition and service capabilities.

EquiTrust Life Partners with Sapiens on their Next Generation Digital Agent Experience

Sapiens (SPNS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

News for Sapiens International Stock (SPNS)