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.

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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.

Sapiens reports revenue growth in Q3 amidst SaaS transition

Sapiens International (SPNS) demonstrated revenue growth and profitability in Q3 2024, driven by North America success.
While facing challenges from the transition to a SaaS model, the company maintains a strong focus on innovation and expense management.
Opportunities lie in leveraging AI capabilities, expanding customer base, and solidifying market position in the insurance industry.

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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.

Sapiens (SPNS) Soars 8.5%: Is Further Upside Left in the Stock?

Sapiens' core claims and workers' compensation solutions were recognized out of 23 leading P&C claims solutions in North America RALEIGH, N.C. , June 15, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced that Sapiens' claims solutions for P&C and for Workers' Compensation have been recognized by Celent as a Functionality Standouts in the Celent 2022 Claims System Vendors report for North American Property & Casualty Insurance.

Sapiens Recognized by Celent as Functionality Standouts for Property & Casualty and Workers' Compensation Claims

Sapiens CoreSuite for Workers Compensation will allow the insurer to use the latest technology advancements and industry standards while keeping the platform up to date. RALEIGH, N.C.

Wyoming Department of Workforce Services Upgrades its Sapiens Solution to Allow Faster Time-to-Market and Greater Efficiency

The implementation supports NYCM's enterprise-wide reinsurance effort to streamline reinsurance administration and improve reporting   RALEIGH, N.C. , May 18, 2022 /PRNewswire/ --  Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced that NYCM Insurance, a property and casualty insurance provider in operation for 120 years, has implemented Sapiens ReinsurancePro to enhance their internal controls processes, automated calculations and reporting.

NYCM Insurance Goes Live with Sapiens Reinsurance Platform

The accelerated platform will position Altshuler Shaham as a leading player in the Israeli pension funds market HOLON, Israel, May 10, 2022 /PRNewswire/ --  Sapiens International Corporation  (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced that  Altshuler Shaham Investment House, one of Israel's fastest growing provident and pension funds, has upgraded its Life and Pensions solution, to accelerate and support its rapidly growing pension funds business. Sapiens Life and Pension platform will dramatically improve Altshuler Shaham's business processes and operational costs.

Altshuler Shaham Implements Sapiens' Platform to Manage its Pension Processes

Encova boosts its workers' compensation processing power with onboarding of new technologies RALEIGH, N.C. , May 9, 2022 /PRNewswire/ --  Sapiens International Corporation  (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced that Encova Insurance has upgraded its Sapiens CoreSuite for Workers' Compensation platform, to continue to leverage the solution's future-proof architecture while capturing its newest features and functions.

Encova Insurance Transforms its Workers' Compensation Offering with Sapiens Solutions

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q1 2022 Earnings Conference Call May 3, 2022 9:30 AM ET Company Participants Tally Kaplan - Director, Corporate Marketing Roni Dor - President and Chief Executive Officer Roni Giladi - Chief Financial Officer Alex Zukerman - Chief Strategy Officer Conference Call Participants Surinder Thind - Jefferies Mayank Tandon - Needham & Company Chris Reimer - Barclays Dylan Becker - William Blair Omri Lapidot - Leumi Partners Operator Welcome to Sapiens International Corporation's 2022 First Quarter Financial Results Call.

Sapiens International Corporation N.V. (SPNS) CEO Roni Dor on Q1 2022 Results - Earnings Call Transcript

Sapiens (SPNS) delivered earnings and revenue surprises of 14.81% and 0.39%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sapiens (SPNS) Beats Q1 Earnings and Revenue Estimates

HOLON, Israel, May 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 first quarter ended March 31, 2022. Summary Results for First Quarter 2022 (USD in millions, except per share data) GAAP Non-GAAP Q1 2022 Q1 2021 % Change Q1 2022 Q1 2021 % Change Revenue $117.7 $109.6 7.4% $117.7 $110.2 6.8% Gross Profit $49.4 $44.3 11.7% $52.9 $49.2 7.5% Gross Margin 42.0% 40.4% 160 bps 45.0% 44.7% 30 bps Operating Income $16.5 $12.4 33.8% $20.8 $19.0 9.3% Operating Margin 14.1% 11.3%  280 bps 17.6% 17.2% 40 bps Net Income (*) $13.9 $9.8 41.6% $17.3 $14.9 16.0% Diluted EPS $0.25 $0.18 38.9% $0.31 $0.27 14.8% (*) Attributable to Sapiens' shareholders "Sapiens started 2022 with solid results in our first quarter that showed non-GAAP revenue of $117.7 million and non-GAAP operating profit margin of 17.6%.

Sapiens Reports First Quarter 2022 Financial Results

Main European market is also the main growth driver, with more Tier 1 interaction coming through and raising ASPs. APAC is also doing well with greater recognition of Sapiens by Gartner.

Sapiens Achieving Profitable Growth But Guides For Headwinds

HOLON, Israel , April 27, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that members of the management team would participate in the Needham 17th Annual Needham Technology & Media Conference. The company will conduct virtual one-on-one meetings on Monday, May 16 th, 2022, and host a fireside chat at 9:30 am Eastern time the same day.

Sapiens to Participate Virtually in the 17th Annual Needham Technology & Media Conference on Monday, May 16th

The partnership leverages both companies' extensive expertise in data-driven digital transformation RALEIGH, N.C. , April 25, 2022 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Mindtree, a global technology consulting and services company, today announced a partnership to help drive digital transformation through the insurance industry.

Sapiens and Mindtree Announce Partnership to Lower Risks & Accelerate Change Processes for Insurers

The partnership leverages both companies' extensive expertise in data-driven digital transformation WARREN, N.J. , April 25, 2022 /PRNewswire/ -- Mindtree , a global technology services and digital transformation company, and Sapiens International Corporation (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance, banking and financial services industries, today announced a partnership to help insurance companies drive digital transformation.

Mindtree and Sapiens Announce Partnership to Digitally Transform the Insurance Industry

HOLON, Israel , April 19, 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 Tuesday , May 3 rd,  2022 the financial results for the first quarter 2022. The company will host a conference call and webcast on May 3 rd, 2022, at 9:30 a.m.

SAPIENS TO ANNOUNCE FIRST QUARTER 2022 FINANCIAL RESULTS ON MAY 3RD, 2022

Sapiens' solution powers Hollard Insure's digital strategy to create a one-stop-shop for brokers HOLON, Israel , April 13, 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 relationship with the Hollard Insurance Company (Hollard), to empower Hollard's strategic digital drive with Sapiens cloud-native, low-code DigitalSuite.     When Hollard Insure, the short-term division of the Hollard Insurance Company, was looking to modernize their technology stack, but keep the legacy back-end, they turned to Sapiens.

Hollard Insure Selects Sapiens for Large-Scale Digitalization Program

Sapiens (SPNS) announces that Guardian Group has selected its IllustrationPro and ApplicationPro softwares for upgrading its life and health operations.

Sapiens' (SPNS) IllustrationPro Selected by Guardian Group

Sapiens modern, intuitive solution for electronic application and illustrations empowers Guardian with an exceptional agent experience RALEIGH, N.C. , April 11, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Guardian Group, a $1 billion carrier serving 21 countries across the English and Dutch Caribbean, is integrating Sapiens' customer acquisition solution for their life and health operations.

Guardian Group Selects Sapiens to Revolutionize Customer Acquisition Solution and Improve Agents' Experience

Sapiens (SPNS) recently announced that Applied Underwriters has selected its ReinsurancePro to automate its reinsurance administration, accounting, analysis and reporting.

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