Sapiens (SPNS) Tops Q4 EPS by 2c, Revenues Beat

Sapiens (NASDAQ: SPNS) reported Q4 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $73.3 million versus the consensus estimate of $72.01 million.

"Sapiens had a strong finish to 2018, closing out the year with another quarter of growth and profitability by executing on our key objectives. In the fourth quarter, on a Non-GAAP basis, revenue totaled $73.4 and operating margin improved by 230 basis points to 14.8%. We continued the expansion of our P&C businesses in key markets. We managed costs and aligned our R&D investments with our growth segments, which increased operating profit and fueled almost 31.7% increase in net income in the quarter,\" stated Roni Al-Dor. president and CEO, Sapiens.

"In 2018, Sapiens made significant progress on our key objectives, which drove outstanding financial performance for the year. For the full year, on a Non-GAAP basis, revenue increased 6.7% driven by new deals, acquisitions and by expanding our business with existing customers as illustrated by double-digit growth in our EMEA P&C business. Meanwhile, we have fully integrated our Stream and Adaptik operations, which has accelerated the growth of our U.S. P&C business. Also, we made meaningful headway in our L&A business, creating a stronger foundation for growth in 2019. Synergies and cost controls produced significant expansion in operating margin, which increased over 500 basis points to 13.6%, exceeding the high end of our annual guidance."

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

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