Sapiens International Corporation ( (SPNS) ) has released its Q4 earnings. Here is a breakdown of the information Sapiens International Corporation presented to its investors.
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Sapiens International Corporation is a global leader in providing intelligent software solutions for the insurance industry, specializing in leveraging AI and advanced automation for property and casualty, workers’ compensation, life insurance, and more. The company has a strong global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings.
In the fourth quarter of 2024, Sapiens reported solid financial results with a revenue of $134.3 million, marking a 2.6% increase from the previous year. For the full year, the company achieved a 5.4% increase in revenue, reflecting the success of new and existing customer deals. North America stood out in the company’s performance with a notable 6.3% revenue growth.
Key financial metrics for Q4 2024 include a gross profit of $60.1 million, up by 7.5% from Q4 2023, and a net income of $17.9 million, representing a 5.3% increase. For the full year, Sapiens achieved a net income of $72.2 million, a 15.6% increase compared to 2023. The company continues to focus on its Microsoft cloud strategy and modular open insurance platform, aiming to accelerate clients’ migration to the cloud.
Looking ahead, Sapiens is optimistic about further growth. With its continued investment in a modular and open insurance platform, the company aims to deepen relationships with existing customers, capture additional market share, and strengthen growth across all regions. The company has introduced guidance for 2025, anticipating non-GAAP revenue between $553 million to $558 million and an operating profit range of $98 million to $102 million.
