Sapiens reports Q3 EPS 34c, consensus 34c

Reports Q3 revenue $130.71M, consensus $129.97M. Roni Al-Dor, president and CEO of Sapiens, stated, “In the third quarter, we delivered strong revenues growth, of 10% to reach $130.8 million, driven by growth in our European and North America regions. New logo win momentum has been strong throughout the year and existing customer product expansion has also been healthy. This quarter also saw further expansion in our operating margin to 18.4%, resulting in an operating profit of $24.1 million. As we have consistently done throughout 2023, we remained committed to executing our growth strategy across diverse regions and product categories. With a multitude of growth drivers at our disposal, including regional and product diversification, Sapiens is strategically positioned for both future growth and profitability.”