Sapiens International Corporation NV

Latest Results (11.10.2025):

Sapiens International Corporation NV reported strong financial results for the fourth quarter of 2023, demonstrating significant growth in revenue, profitability, and earnings per share. The company continued to execute its growth strategy effectively, positioning itself well for sustained success in key markets.

Revenue Growth

In Q4 2023, Sapiens achieved a 9.5% increase in GAAP revenue, totaling $130.9 million compared to $119.5 million in Q4 2022. Non-GAAP revenue saw a similar growth rate of 9.6%, reflecting the company’s robust sales performance across its product lines and regions.

Enhanced Profitability

The company reported an 11.2% rise in GAAP gross profit to $55.9 million, while non-GAAP gross profit increased by 10.4% to $59.4 million. Gross margins improved by 70 basis points GAAP and 40 basis points non-GAAP, underscoring effective cost management and operational efficiencies.

Operating Income and Margin

Sapiens’ operating income surged by 21.9% GAAP to $20.1 million in Q4 2023, and by 14.7% non-GAAP to $24.2 million. Operating margins expanded by 160 basis points GAAP to 15.4% and by 80 basis points non-GAAP to 18.4%, highlighting enhanced operational performance.

Net Income and Earnings Per Share

Net income attributable to shareholders rose by 27.0% GAAP to $17.0 million, and by 11.4% non-GAAP to $20.1 million. Diluted earnings per share increased by 25.0% GAAP to $0.30 and by 12.5% non-GAAP to $0.36, reflecting the company’s strong profitability.

Full Year Performance

For the full year 2023, Sapiens reported an 8.4% increase in GAAP revenue to $514.6 million and a 9.4% rise in non-GAAP revenue to $514.8 million. Full year net income grew by 18.7% GAAP to $62.4 million and by 11.7% non-GAAP to $75.0 million, demonstrating consistent annual growth.

Strategic Outlook

Looking ahead to 2024, Sapiens provided guidance for non-GAAP revenue in the range of $550 million to $555 million and non-GAAP operating margin between 18.1% and 18.5%. The company plans to continue its transition to SaaS, expand its market presence in North America and Europe, and pursue new growth opportunities through strategic initiatives and increased headcount in key areas.