Sapiens International Corporation (NASDAQ:SPNS) reported a 2.6% year-over-year increase in revenue for the fourth quarter of 2024, reaching $134.3 million, as the global provider of software solutions for the insurance industry continues its steady growth trajectory.
The company’s gross profit rose to $60.1 million, up from $55.9 million a year ago, while operating income climbed 8% to $21.7 million.
For the full year, Sapiens posted a 5.4% revenue increase, totaling $542.4 million, driven by strong performance across key markets.
North America led growth, posting a 6.3% revenue increase year-over-year, reinforcing the region’s strategic importance to the company.
Looking ahead, Sapiens provided a non-GAAP revenue forecast of $553 million to $558 million for 2025, signaling confidence in its ability to maintain growth momentum amid evolving industry demands.