Recap: Sapiens Q2 Earnings

Shares of Sapiens Intl Corp SPNS moved higher by 5.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 36.84% year over year to $0.26, which beat the estimate of $0.21.

Revenue of $93,063,000 higher by 17.02% from the same period last year, which beat the estimate of $91,420,000.

Looking Ahead

The upcoming fiscal year's revenue expected to be between $376,000,000 and $381,000,000.

Details Of The Call

Date: Aug 04, 2020

Time: 09:30 AM

ET Webcast URL: https://www.sapiens.com/events/

Recent Stock Performance

Company's 52-week high was at $32.05

52-week low: $13.55

Price action over last quarter: Up 40.37%

Company Description

Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software solutions for Life, Pension, Annuity, Property, and Casualty insurance providers, allowing them to manage policy administration, claims management and billing functions. In addition, it offers the technology-based solution for the financial services industry like insurance, banking, and capital markets. The group is also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, Asia Pacific and Rest of Europe and derives the majority of its income from North American region.