Financial Performance - Sapiens International Corporation reported Q1 2025 revenue of $136.1 million, a 1.4% increase from $134.2 million in Q1 2024 [2][18] - Gross profit for Q1 2025 was $60.7 million, up 5.4% from $57.6 million in Q1 2024, resulting in a gross margin of 44.6%, an increase of 170 basis points [2][18] - Operating income rose to $21.2 million, a 3.3% increase from $20.5 million in Q1 2024, with an operating margin of 15.6% [2][18] - Net income attributable to Sapiens' shareholders was $17.9 million, reflecting a 3.3% increase from $17.4 million in Q1 2024 [2][18] Strategic Developments - The company signed deals with new and existing customers and completed two targeted acquisitions, Candela and AdvantageGo, enhancing its global presence and solution offerings [3] - Sapiens is experiencing increased demand for its AI-driven insurance platforms and strong customer adoption of its SaaS model [3] Guidance and Outlook - The company raised its 2025 non-GAAP revenue guidance to a range of $574 million to $578 million, up from the previous guidance of $553 million to $558 million [3] - Non-GAAP operating profit is expected to be between $94 million and $96 million, with an operating margin of 16.5% at the midpoint [3] Geographic Revenue Breakdown - In Q1 2025, revenue from North America was $56.9 million, Europe contributed $67.5 million, and the Rest of the World accounted for $11.8 million [22] - Software products and recurring post-production services represented 79.4% of total revenues, while pre-production implementation services accounted for 20.6% [22] Non-GAAP Financial Measures - Non-GAAP gross profit for Q1 2025 was $63.0 million, with a non-GAAP gross margin of 46.3% [2][19] - Adjusted EBITDA for Q1 2025 was $25.5 million, compared to $25.4 million in Q1 2024 [20] Cash Flow and Financial Position - Cash flow from operating activities for Q1 2025 was $25.4 million, an increase from $18.5 million in Q1 2024 [26] - As of March 31, 2025, total assets were $714.0 million, with total liabilities of $253.6 million, resulting in shareholders' equity of $460.6 million [28][32]

Core Insights - Sapiens International Corporation has been recognized as a Luminary by Celent in its 2025 Policy Administration System reports for EMEA and APAC, highlighting its excellence in functionality and technical capabilities [1][2] - The company also received the XCelent Award for Breadth of Functionality and Customer Service in the EMEA edition of the report, showcasing its commitment to customer-centric solutions [1][2] Product Features - Sapiens IDITSuite for Property & Casualty is an AI-powered, end-to-end insurance software solution that supports various functions including customer acquisition, billing, finance, claims, and renewals [4] - The platform features a modern user interface, embedded Power BI charts for data visualization, and comprehensive API capabilities, enhancing user experience and operational efficiency [3][4] Strategic Partnerships - Sapiens leverages strategic partnerships with Microsoft and OpenAI to integrate advanced technologies into its solutions, providing valuable insights and streamlining processes [3] - The application of GenAI within the platform allows for document interrogation and prompt-based summaries, further enhancing functionality [3] Market Position - Sapiens has maintained its Luminary status across all core Property & Casualty domains since the introduction of the Luminary category, reflecting its sustained leadership and innovation in the market [3] - The company has consistently won Celent's XCelent awards annually since 2018, underscoring its market leadership and commitment to innovation [3]

"I am pleased to welcome the Candela team and customers as part of our strategy to continue to expand our presence in the APAC region and enhance our sophisticated life insurance platform" said Roni Al-Dor, CEO and President at Sapiens. "We will continue to support Candela's customers and products, increasing value across the entire insurance lifecycle and supporting insurers' digital transformations with a comprehensive product proposition and a diverse range of service capabilities." "Joining the Sapiens ...

Core Insights - Sapiens International (SPNS) has demonstrated resilience in 2025, with shares down only 2.3% year to date, outperforming the broader Zacks Computer & Technology sector's decline of 14% [1] - The company's consistent recurring revenues, expanding clientele, and strong partner base, including Microsoft and Cognizant, have contributed to its relative strength [1] Revenue Performance - In 2024, recurring and reoccurring revenues from software products and post-production services increased by 14.1% compared to 2023, reaching $390 million, which accounted for 72% of total revenues [2] Product and Service Innovations - Sapiens has launched StatementPro Multi-Company Operations, allowing customers to streamline statutory reporting across multiple statements and companies, thereby reducing administrative burdens and increasing productivity [3] - The latest releases of Sapiens IllustrationPro and Sapiens ApplicationPro enhance automation, risk intelligence, and operational efficiency for agents and advisors [3] Competitive Positioning - Sapiens has outperformed peers like Clearwater Analytics, whose shares have dropped 15.8% year to date [4] - Clearwater's platform aggregates data on over $8.8 trillion of global invested assets for more than 1,400 clients as of December 31, 2024 [4] Strategic Partnerships - Sapiens has successfully expanded its System Integrator ecosystem, strengthening partnerships with Deloitte and LTIMindtree, and establishing new collaborations with Coforge and Cognizant [5] - The partnership with Microsoft is crucial for driving product innovation in the insurance industry, with Sapiens' SaaS solution now available in the Microsoft Azure marketplace [6] Client Acquisitions - Universal Life, a major life and health insurer in Cyprus, has selected Sapiens CoreSuite for Life & Pensions to modernize its core insurance systems, aiming to replace legacy systems and enhance operational performance [7] - Hiscox UK has successfully implemented the Sapiens Insurance Platform, achieving a 30% improvement in application speed and better integration capabilities [8] - Pioneer Insurance and Surety Corporation in the Philippines has chosen the Sapiens Insurance Platform to further its digital transformation, expanding Sapiens' international presence [9] Financial Guidance - For fiscal 2025, Sapiens projects revenues between $553 million and $558 million, with the Zacks Consensus Estimate at $555.81 million, indicating a 2.48% increase from the prior year [10] - The Zacks Consensus Estimate for earnings is $1.46 per share, reflecting a year-over-year decline of 1.35% [10] - The first-quarter 2025 revenue estimate is $136.51 million, suggesting a 1.69% increase from the prior year, while the earnings estimate is 35 cents per share, indicating a year-over-year decline of 2.78% [11]

ROCHELLE PARK, N.J., April 17, 2025 /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 its financial results for the First quarter of 2025 on Thursday, May 8, 2025.Management will host a conference call and webcast on May 8, 2025, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minute ...

Sapiens' solution will accelerate Universal Life's growth and efficiency ROCHELLE PARK, N.J., April 15, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS)(TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Universal Life (Unilife), a leading life and health insurer in Cyprus, has entered into a conditional agreement with  Sapiens CoreSuite for Life & Pensions with the scope and intent to modernise its core insurance processes and ...

Core Insights - Sapiens International Corporation has launched StatementPro Multi-Company Operations (MCO), enhancing statutory reporting for insurers by streamlining processes across multiple entities, thereby reducing administrative burdens and increasing productivity [1][3][5] Product Features - StatementPro is recognized as the most feature-rich statutory reporting solution, and the new MCO feature provides a more intuitive workflow, allowing insurers to prepare multiple statements with less effort while ensuring accuracy and compliance [2][3] - The Filing Period Setup Wizard is a key capability of MCO, enabling users to create and schedule all statements for the next filing period in a single operation, resulting in significant time savings and potentially reclaiming weeks of staff productivity annually [4][5] Market Context - Over half of the National Association of Insurance Commissioners (NAIC) reporting entities belong to a group of companies, increasing the need for efficient filing processes within tight regulatory deadlines [3] - As organizations in the insurance sector continue to merge and expand, optimizing reporting across multiple entities becomes critical for meeting internal and regulatory deadlines [5] Future Developments - Sapiens plans to enhance StatementPro MCO with additional capabilities, including automated NAIC filings and standardized responses across statements, reinforcing its position as a comprehensive statutory reporting solution [5]

Latest releases elevate automation, risk intelligence, and customization to drive seamless policy management and superior agent experience ROCHELLE PARK, N.J., April 2, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the latest release of Sapiens IllustrationPro and Sapiens ApplicationPro, which deliver cutting-edge enhancements designed to meet the evolving needs of insurers. Driv ...

Sapiens' solutions accelerate insurer's seamless, data-driven digital transformation ROCHELLE PARK, N.J., March 31, 2025 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a major U.S. multi-line insurer has expanded its partnership with Sapiens by selecting Sapiens Insurance Platform for Life & Annuities, which includes Sapiens CoreSuite for Life & Annuities, Sapiens DataSuite, and ...

ROCHELLE PARK, N.J., March 27, 2025 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the "SEC"). The annual report, which contains Sapiens' audited financial statements, can be accessed at the SEC's website at http://www.sec.gov, as well as ...