Sapiens reports Q4 EPS 36c, consensus 34c

Reports Q4 revenue $130.9M, consensus $130.73M. Roni Al-Dor, president and CEO of Sapiens, stated, “In 2023, Sapiens executed its growth strategy across our regions and product lines, achieving an 8.4% growth in non-GAAP revenue and bolstering non-GAAP operating profit by an impressive 12.8%. Our ARR in the fourth quarter was $164.8 million, a growth of 13.5% compared to the fourth quarter of 2022.”