Sapiens (SPNS) Tops Q1 EPS by 3c, Beats on Revenues

Sapiens (NASDAQ: SPNS) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $71 million versus the consensus estimate of $67.9 million.

First Quarter 2018 Highlights:

• Revenue totaled $71.0 million an increase of 25.6% compared to last year. Non-GAAP revenue increased 25.7% from the same period in the prior year to $71.1 million.
• Operating income totaled $4.7 million, up from ($1.6) million last year. Non-GAAP operating income totaled $8.9 million, up from $1.7 million the same period in the prior year.
• Operating margin of 6.6%, compared to negative margin last year. Non-GAAP operating margin of 12.5%, compared to 3.0% last year.
• Net income attributable to Sapiens' shareholders totaled $2.8 million. Non-GAAP net income attributable to Sapiens' shareholders totaled $6.3 million, compared to $1.2 in the same period last year.
• Diluted earnings per share of $0.06. Non-GAAP diluted earnings per share of $0.13 per diluted share, compared to $0.02 in the same period in the prior year.
• Cash and cash equivalents totaled $61.7 million.

For earnings history and earnings-related data on Sapiens (SPNS) click here.

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