Sapiens International reports strong Q1 earnings, raises 2025 revenue guidance

Technology

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Sapiens International Corp. (NASDAQ:SPNS), a leading provider of software and services for the insurance industry, today announced first-quarter net income of $17.9 million, translating to 32 cents per share.

Excluding one-time items, adjusted earnings per share were 37 cents.

These results surpassed Wall Street expectations, as analysts surveyed by Zacks Investment Research had an average estimate of 35 cents per share.

However, the company's revenue for the period, at $136.1 million, fell slightly short of analyst forecasts.

The average estimate from three analysts surveyed by Zacks was $136.5 million.

Looking ahead, Sapiens raised its 2025 financial guidance.

The company now anticipates non-GAAP revenue to be in the range of $574 million to $578 million, an increase from the previous guidance of $553 million to $558 million.

Non-GAAP operating profit for 2025 is expected to be between $94 million and $96 million, resulting in an operating margin of 16.5% at the midpoint of the guidance range.

This updated profit outlook compares to the prior guidance of $98 million to $102 million.