Sapiens International Corporation N.V. (SPNS) Releases Earnings Results, Reports EPS of $0.13 EPS

Sapiens International Corporation N.V. (SPNS) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.13 EPS for the quarter. Analysts had a consensus estimate of $0.13. The company posted revenue of $53.00 million in the period, compared to analysts expectations of $50.84 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Sapiens International Corporation N.V. closed down -0.35 points or -2.74% at $12.43 with 27,696 shares getting traded on Tusday. Post opening the session at $12.69, the shares hit an intraday low of $12.42 and an intraday high of $12.69 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Sapiens International Corporation N.V. (Sapiens N.V.) is a provider of software solutions for the insurance industry with a focus on the financial services sector. The Company’s software solutions portfolio consists of Life Pension Annuity and Retirement Solutions which are software solutions for the management of a diversified range of products for life pension annuity and retirement; Property and Casualty/General Insurance Solutions which are a software suite of solutions supporting a range of business lines including personal commercial and specialty lines as well as a solution for the management of reinsurance contracts; Sapiens DECISION an enterprise-scale platform that enables institutions to centrally author store and manage all organizational business logic and Technology-Based Solutions which are solutions (unrelated to the insurance or financial services market) based on the Company’s eMerge platform which provides end-to-end modular business solutions.

Sapiens International Corporation N.V.

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