Revenue Growth
Q4 2024 revenue was $134 million, a 2.6% increase compared to last year. Full-year 2024 revenues totaled $542 million, a 5.4% increase compared to 2023.
Recurring Revenue Increase
Annual recurring revenue in Q4 2024 reached $175 million, reflecting a 6.5% increase from Q4 of last year. Recurring and reoccurring revenues in Q4 2024 represented 72.5% of total revenue, showing a 3.4% increase from last year.
North America Growth
North America businesses delivered robust growth in 2024, with Q4 closing five wins with new and existing customers, contributing to a 6.3% growth in the region for the year.
AI and Innovation Recognition
Sapiens was honored for the third consecutive time by Celent for customer base and support for underwriting in North America, reinforcing leadership in life underwriting solutions.
Strategic Partnerships
Sapiens strengthened partnerships with system integrators like Deloitte and Microsoft, enhancing market opportunities and product innovation.