Skip nav

Holon, Israel – February 28, 2017 – Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, and a member of the Formula Group, today announced its financial results for the fourth quarter which ended on December 31, 2016.

Fourth Quarter Highlights:

GAAP and non-GAAP revenue of $57.1 million, up 17.3% compared to $48.7 million in the fourth quarter of 2015.
• GAAP operating profit totaled $5.6 million (9.8% operating margin), compared to $6.8 million (14.0% operating margin) in the fourth quarter of 2015.
• Non-GAAP operating profit totaled $7.5 million (13.1% operating margin), compared to $7.4 million (15.1% operating margin) in the fourth quarter of 2015.
• GAAP net income attributable to Sapiens’ shareholders totaled $3.8 million or $0.08 per diluted...

Read full release