Sapiens International Corporation (SPNS) , a leading global provider of software solutions for the insurance industry, has announced the launch of its cutting-edge AI-powered, cloud-native insurance platform. The Sapiens Insurance Platform supports end-to-end insurance processes across all lines of business, enhancing growth through Sapiens' global expertise and local presence. One of the platform's key advantages is its preintegrated, packaged business solutions, which ensure rapid deployment and implement ...

About Sapiens "Sapiens' next generation enhanced platform empowers our customers to leverage AI across their business processes, enabling them to stay ahead, drive growth, and exceed customer expectations. By adopting the platform approach, streamlining our processes and leveraging shared foundations and technology engines, we deliver even greater value to our customers, more quickly than ever before," said Roni Al-Dor, Sapiens President & CEO. "Sapiens integration with Microsoft Azure OpenAI accelerates th ...

Sapiens currently has a Zacks Rank #2 (Buy). NVIDIA (NVDA) and Alphabet (GOOGL) are a couple of other top-ranked stocks in the broader Zacks Computer & Technology sector, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Sapiens shares have returned 23.1%, underperforming both NVIDIA and Alphabet, shares of which have gained 209% and 43.3%, respectively. Long term earnings growth rate for NVIDIA and Alphabet is currently pegged at 37.57 ...

UXBRIDGE, England, June 13, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS)( TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Bangkok Insurance Public Company Limited (BKI), a market leading insurer in Thailand, has gone live with Sapiens Property & Casualty platform, including Sapiens IDITSuite for Property & Casualty, Sapiens ReinsuranceMaster, and Sapiens Intelligence. The go-live is one of the largest, most complex imple ...

Sapiens International (SPNS) is riding on its innovative SaaS portfolio, which is helping it win new customers and drive top-line growth. Its shares have returned 19.2% year to date, outperforming the Zacks Computer Software industry's growth of 11% and the Zacks Computer and Technology sector's return of 16.5%. Sapiens' bullish prospect is primarily backed by significant growth opportunities provided by the insurance sector. Its targeted total addressable market (TAM) is worth $60 billion, with a Property ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Sapiens (SPNS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Sinc ...

Media Contact Yaffa Cohen-Ifrah Chief Marketing Officer and Head of Investor Relations, Sapiens [email protected] Investors Contact Kimberly Rogers Managing Director, Hayden IR [email protected] Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg SOURCE Sapiens International Corporation ROCHELLE PARK, N.J., May 21, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Ron ...

Financial Data and Key Metrics - Revenue for Q1 2024 totaled $134 million, a 7.6% increase compared to the previous year [21] - Operating profit for Q1 2024 was $24 million, representing 18.1% of total revenue [21] - Net income attributed to shareholders was $20 million, up 18.4% from $17 million in Q1 2023 [31] - Earnings per diluted share was $0.36, up 16.1% from $0.31 in Q1 2023 [31] - Gross margin increased by 20 basis points to 45.4% compared to 45.2% in Q1 2023 [39] - Adjusted free cash flow for Q1 2024 was $17 million, compared to $20 million in Q1 2023 [44] Business Line Data and Key Metrics - The company received 2 Celent Luminary Awards in Q1 2024 for its P&C claim solutions in EMEA, APAC, and North America [1] - The SaaS subscription-based model is designed to increase wallet share, enhance cross-sell potential, and provide strong innovation capabilities [2] - The company is transitioning existing customers to the SaaS model to minimize near-term revenue impact [3] - Generative AI and machine learning models are being integrated into the Sapiens Decision platform, offering predictive analytics for productivity improvement and risk mitigation [4][5] - New generative AI models are set to be released in the coming months, supporting various aspects of the insurance value chain [6] Market Data and Key Metrics - Revenue in North America increased by 9.5% to $55 million compared to $50 million in the previous year [26] - Revenue in Europe grew by 6.4% to $69 million compared to $65 million in the previous year [26] - The company made additional investments in its Canadian operations, aiming to elevate service levels [9] - In APAC, the company successfully launched its IDITSuite for property and casualty insurance in Vietnam, building customer referrals [12] - Demand for P&C platform solutions remains strong in EMEA and APAC, with a growing trend towards SaaS models [13] Company Strategy and Industry Competition - The company is transitioning its solutions to a SaaS model with the Sapiens Insurance Platform, aiming to accelerate innovation and deliver sustained value [21][22] - Strategic partnerships with Microsoft and other InsurTech players are central to the company's AI strategy and SaaS architecture [25][29] - The company is expanding its presence in key trade shows across North America to strengthen its market position [10] - The company is considered a leading player in the P&C market, competing primarily with Guidewire [33] - The company is leveraging its strong technical architecture and cloud maturity to maintain a leading position in the life insurance market in Europe and APAC [33] Management Commentary on Operating Environment and Future Outlook - The company reiterated its 2024 guidance, expecting non-GAAP revenue between $550 million and $555 million and an operating margin between 18.1% and 18.5% [45] - The transition to SaaS is expected to impact organic growth by around 1% and profitability by 50 basis points, which is factored into the guidance [48] - The company is confident that its investments in innovation and partnerships will drive additional growth and generate substantial value for stakeholders [36] Other Important Information - The company declared a cash dividend of $16 million or $0.28 per share for the second half of 2023, paid on April 18, 2024 [45] - The company will participate in several upcoming conferences, including the Needham Technology, Media & Consumer Conference, Jefferies Software Conference, and William Blair Growth Conference [83] Summary of Q&A Session Question: Pace of transition to SaaS and its impact on profitability - The transition to SaaS is expected to impact organic growth by around 1% and profitability by 50 basis points, which is factored into the guidance [47][48] Question: Cloud migration activity and its impact on revenue recognition - The company is transitioning existing customers to the SaaS model gradually, with minimal impact on revenue recognition, anticipating only a 1% impact for the year [54][55] Question: Drivers of momentum in North America - The momentum in North America is driven by platform maturity, go-to-market capacity, and strong partnerships with system integrators [58] Question: Partnership with Microsoft and generative AI capabilities - The partnership with Microsoft is central to the company's AI strategy, with generative AI capabilities being deployed to enhance operational efficiency and customer service [60][61] Question: Competitive positioning in the SaaS model - The company is on par with leading competitors in the SaaS model, with a strong position in both P&C and life insurance markets [70][71] Question: Challenges in transitioning legacy customers to SaaS - The transition for existing customers is a multi-year journey, driven by customer investment and the company's efforts to minimize revenue impact [73] Question: Revenue trajectory and margin expectations for 2024 - Revenue and profitability are expected to grow linearly over the next three quarters, with the company reiterating its 2024 guidance [78] Question: Cash conversion in Q1 2024 - Cash conversion in Q1 2024 was within the expected range of 80% to 85% of non-GAAP net income, with Q4 2023 showing higher cash collection due to a different approach [68][84]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...