Sapiens(SPNS) - 2023 Q3 - Quarterly Report

Exhibit 99.1 Sapiens Reports Third Quarter 2023 Financial Results November 8, 2023 – Sapiens International Corporation, (NASDAQ and 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, 2023. GAAP Non-GAAP Q3 2023 Q3 2022 % Change Q3 2023 Q3 2022 % Change Revenue $ 130.7 $ 119.0 9.8% $ 130.8 $ 119.0 9.9% Gross Profit $ 56.0 $ 50.3 11.3% $ 59.3 $ 53.5 10.7% Gross Margin 42.8% 42.2% 60 bps 45.3% ...