SPNS - Earnings announcements

ROCHELLE PARK, N.J., Nov. 13, 2025 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2025. Summary Results for Third Quarter 2025 (USD in millions, except per share data) GAAP Non-GAAP Q3 2025 Q3 2024  % Change Q3 2025 Q3 2024 % Change Revenue $ 152.3 $ 137.0 11.2 % $ 152.3 $ 137.0 11.2 % Gross Profit $ 67.3 $ 60.3 11.6 % $ 70.7 $ 62.8 12.5 % Gross Margin 44.2 % 44.0 %  20 bps 46.4 % 45.8 % 60 bps Operating Income $ 17.8 $ 21.7 -18.3 % $ 25.5 $ 25.1 1.5 % Operating Margin 11.7 % 15.9 %  -420 bps 16.7 % 18.3

ROCHELLE PARK, N.J., Aug. 13, 2025 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2025. Summary Results for Second Quarter 2025 (USD in millions, except per share data) GAAP Non-GAAP Q2 2025 Q2 2024 % Change Q2 2025 Q2 2024 % Change Revenue $141.6 $136.8 3.5 % $141.6 $136.8 3.5 % Gross Profit $61.9 $60.1 3.0 % $64.8 $62.5 3.8 % Gross Margin 43.7 % 43.9 %  -20 bps 45.8 % 45.7 % 10 bps Operating Income $16.8 $21.9 -23.2 % $23.1 $24.8 -7.1 % Operating Margin 11.9 % 16.0 %  -410 bps 16.3 % 18.2 % -190 bps Net Inc

ROCHELLE PARK, N.J., July 23, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the Second quarter of 2025 on Wednesday, August 13, 2025. Management will host a conference call and webcast on August 13, 2025, at 11:30 a.m. Eastern Time (6:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032 International: 972-3-9180608 UK: 0-808-101-2717 The live webcast of the call can be access

ROCHELLE PARK, N.J., May 8, 2025 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2025.     Summary Results for First Quarter 2025 (USD in millions, except per share data) GAAP Non-GAAP Q1 2025 Q1 2024 % Change Q1 2025 Q1 2024 % Change Revenue $136.1 $134.2 1.4 % $136.1 $134.2 1.4 % Gross Profit $60.7 $57.6 5.4 % $63.0 $60.9 3.5 % Gross Margin 44.6 % 42.9 %  170 bps 46.3 % 45.4 %  90 bps Operating Income $21.2 $20.5 3.3 % $24.6 $24.3 1.2 % Operating Margin 15.6 % 15.3 %  30 bps 18.0 % 18.1 %  -10 bps Net Income

ROCHELLE PARK, N.J., April 17, 2025 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the First quarter of 2025 on Thursday, May 8, 2025.     Management will host a conference call and webcast on May 8, 2025, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180644UK: 0-800-917-5108 The live webcast of the call can be accessed on Sa

ROCHELLE PARK, N.J., Feb. 18, 2025 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2024.     Summary Results for Fourth Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q4 2024 Q4 2023 % Change Q4 2024 Q4 2023 % Change Revenue $134.3 $130.9 2.6 % $134.3 $130.9 2.6 % Gross Profit $60.1 $55.9 7.5 % $62.7 $59.4 5.6 % Gross Margin 44.8 % 42.8 %  200 bps 46.7 % 45.4 % 130 bps Operating Income $21.7 $20.1 8.0 % $24.5 $24.2 1.3 % Operating Margin 16.2 % 15.4 %  80 bps 18.2 % 18.4 % -20 bps Net I

ROCHELLE PARK, N.J., Nov. 11, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2024.   Summary Results for Third Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q3 2024 Q3 2023 % Change Q3 2024 Q3 2023 % Change Revenue $137.0 $130.7 4.8 % $137.0 $130.8 4.8 % Gross Profit $60.3 $56.0 7.8 % $62.8 $59.3 6.0 % Gross Margin 44.0 % 42.8 %  120 bps 45.8 % 45.3 % 50 bps Operating Income $21.7 $20.3 7.3 % $25.1 $24.1 4.3 % Operating Margin 15.9 % 15.5 %  40 bps 18.3 % 18.4 % -10 bps Net Inco

ROCHELLE PARK, N.J., Oct. 28, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the Third quarter of 2024 on Monday, November 11, 2024.   Management will host a conference call and webcast on November 11, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032 International: 972-3-9180644 UK: 0-800-917-5108 The live webcast of the call can be acces

ROCHELLE PARK, N.J., Aug. 1, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2024.   Summary Results for Second Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q2 2024 Q2 2023 % Change Q2 2024 Q2 2023 % Change Revenue $136.8 $128.3 6.6 % $136.8 $128.4 6.6 % Gross Profit $60.1 $54.7 10.0 % $62.5 $58.0 7.7 % Gross Margin 43.9 % 42.6 %  130 bps 45.7 % 45.2 % 50 bps Operating Income $21.9 $19.6 11.5 % $24.8 $23.4 6.1 % Operating Margin 16.0 % 15.3 %  70 bps 18.2 % 18.2 % 0 bps Net Income (

Rochelle Park, N.J., July 18, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS)(TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the second quarter of 2024 on Thursday, August 1, 2024. Management will host a conference call and webcast on August 1, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180644UK: 0-800-917-5108The live webcast of the call can be accessed on Sa

ROCHELLE PARK, N.J., May 8, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2024.   Summary Results for First Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q1 2024 Q1 2023 % Change Q1 2024 Q1 2023 % Change Revenue $134.2 $124.7 7.6 % $134.2 $124.8 7.6 % Gross Profit $57.6 $53.0 8.5 % $60.9 $56.4 8.0 % Gross Margin 42.9 % 42.5 %  40 bps 45.4 % 45.2 %  20 bps Operating Income $20.5 $18.9 8.6 % $24.3 $22.5 7.8 % Operating Margin 15.3 % 15.1 %  20 bps 18.1 % 18.0 %  10 bps Net Income (*)

ROCHELLE PARK, N.J., April 24, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the first quarter of 2024 on Tuesday, May 8, 2024. Management will host a conference call and webcast on May 8, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180609UK: 0-800-917-5108The live webcast of the call can be accessed on Sapiens'

HOLON, Israel, Feb. 20, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2023.   Summary Results for Fourth Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q4 2023 Q4 2022 % Change Q4 2023 Q4 2022 % Change Revenue $130.9 $119.5 9.5 % $130.9 $119.5 9.6 % Gross Profit $55.9 $50.3 11.2 % $59.4 $53.8 10.4 % Gross Margin 42.8 % 42.1 %  70 bps 45.4 % 45.0 % 40 bps Operating Income $20.1 $16.5 21.9 % $24.2 $21.1 14.7 % Operating Margin 15.4 % 13.8 %  160 bps 18.4 % 17.6 % 80 bps Net Income

HOLON, Israel, Jan. 23, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the fourth quarter and year-end 2023, on Tuesday, February 20, 2024.     Management will host a conference call and webcast on February 20, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180609UK: 0-800-917-5108The live webcast of the call can be

HOLON, Israel, Aug. 2, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2023.     Summary Results for Second Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q2 2023 Q2 2022 % Change Q2 2023 Q2 2022 % Change Revenue $128.3 $118.6 8.2 % $128.4 $118.6 8.2 % Gross Profit $54.7 $50.2 9.0 % $58.0 $53.2 9.0 % Gross Margin 42.6 % 42.3 % 30 bps 45.2 % 44.9 %  30 bps Operating Income $19.6 $16.9 16.0 % $23.4 $20.7 12.9 % Operating Margin 15.3 % 14.3 %  100 bps 18.2 % 17.5 %  70 bps Net Income (*)

HOLON, Israel, July 17, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the second quarter 2023, on Wednesday, August 2, 2023. Management will host a conference call and webcast on August 2, 2023, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-918-0609UK: 0-800-917-5108The live webcast of the call can be accessed on Sapiens'

HOLON, Israel, May 3, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2023.       Summary Results for First Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q1 2023 Q1 2022 % Change Q1 2023 Q1 2022 % Change Revenue $124.7 $117.7 6.0 % $124.8 $117.7 6.0 % Gross Profit $53.0 $49.4 7.3 % $56.4 $52.9 6.5 % Gross Margin 42.5 % 42.0 %  50 bps 45.2 % 45.0 %  20 bps Operating Income $18.9 $16.5 14.2 % $22.5 $20.8 8.4 % Operating Margin 15.1 % 14.1 %  100 bps 18.0 % 17.6 %  40 bps Net Income (*) $

HOLON, Israel, April 20, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the first quarter 2023, on Wednesday, May 3 2023. Management will host a conference call and webcast on May 3 2023, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-918-0609UK: 0-800-917-5108The live webcast of the call can be accessed on Sapiens' website

HOLON, Israel, Feb. 21, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2022.   Summary Results for Fourth Quarter 2022 (USD in millions, except per share data)                              GAAP                            Non-GAAP Q4 2022 Q4 2021 % Change Q4 2022 Q4 2021 % Change Revenue $119.5 $119.2 0.2 % $119.5 $119.9 -0.3 % Gross Profit $50.3 $48.7 3.4 % $53.8 $53.9 -0.3 % Gross Margin 42.1 % 40.8 %  130 bps 45.0 % 45.0 % 0 bps Operating Income $16.5 $15.7 4.8 % $21.1 $21.6 -2.5 % Operating Margin 1

HOLON, Israel, Jan. 24, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the fourth quarter and year-end 2022, on Tuesday, February 21, 2023. Management will host a conference call and webcast on February 21, 2023, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North Amer

HOLON, Israel, Nov. 3, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2022. Summary Results for Third Quarter 2022 (USD in millions, except per share data) GAAP Non-GAAP Q3 2022 Q3 2021 % Change Q3 2022 Q3 2021 % Change Revenue $119 $117.8 1.0 % $119 $118.4 0.5 % Gross Profit $50.3 $48.3 4.1 % $53.5 $53.4 0.2 % Gross Margin 42.2 % 41.0 %  120 bps 45.0 % 45.1 % -10 bps Operating Income $16.6 $16.2 2.1 % $20.9 $21.0 -0.6 % Operating Margin 13.9 % 13.8 %  10 bps 17.6 % 17.7 %  -10 bps Net Income (*) $13.4

HOLON, Israel, Oct. 24, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report on Thursday, November 3rd, 2022, the financial results for the third quarter 2022.   The company will host a conference call and webcast on November 3rd, 2022, at 9:30 a.m. Eastern Time (3:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): + 1-888-642-5032International: +972-3-918-0609UK: 0-800-917-5108The live webcast of the call can be acce

HOLON, Israel, Aug. 3, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2022.   Summary Results for Second Quarter 2022 (USD in millions, except per share data) GAAP Non-GAAP Q2 2022 Q2 2021 % Change Q2 2022 Q2 2021 % Change Revenue $118.6 $114.4 3.7 % $118.6 $115.0 3.1 % Gross Profit $50.2 $46.6 7.6 % $53.2 $51.7 2.9 % Gross Margin 42.3 % 40.8 %  150 bps 44.9 % 45.0 %  -10 bps Operating Income $16.9 $13.2 28.4 % $20.7 $19.8 4.8 % Operating Margin 14.3 % 11.5 %  280 bps 17.5 % 17.2 %  30 bps Net Income (*)

HOLON, Israel, July 20, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report on Wednesday, August 3rd, 2022, the financial results for the second quarter 2022. The company will host a conference call and webcast on August 3rd, 2022, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): + 1-888-642-5032International: +972-3-918-0609UK: 0-800-917-5108The live webcast of the call can be accessed on

HOLON, Israel, May 3, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2022. Summary Results for First Quarter 2022 (USD in millions, except per share data) GAAP Non-GAAP Q1 2022 Q1 2021 % Change Q1 2022 Q1 2021 % Change Revenue $117.7 $109.6 7.4% $117.7 $110.2 6.8% Gross Profit $49.4 $44.3 11.7% $52.9 $49.2 7.5% Gross Margin 42.0% 40.4% 160 bps 45.0% 44.7% 30 bps Operating Income $16.5 $12.4

HOLON, Israel, April 19, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report on Tuesday , May 3rd,  2022 the financial results for the first quarter 2022. The company will host a conference call and webcast on May 3rd, 2022, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): + 1-888-642-5032International: +972-3-918-0609UK: 0-800-917-5108The live webcast of the call can be accessed on Sap

HOLON, Israel, Feb. 23, 2022 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter and full year ended December 31, 2021.   Summary Results for Fourth Quarter 2021 (USD in millions, except per share data) GAAP Non-GAAP Q4 2021 Q4 2020 % Change Q4 2021 Q4 2020 % Change Revenue $119.2 $101.7 17.3% $119.9 $102.9 16.4% Gross Profit $48.7 $41.4 17.6% $53.9 $47.0 14.6% Gross Margin 40.8% 40.7% 10 bps 45.0% 45.7%  (70) bps Operating Income $15.7 $10.2 53.9% $21.6 $18.7 15.7% Operating Margin 13.2% 10.1%  310 bps 18.0% 18.1% (10) bps Net Incom

HOLON, Israel, Nov. 3, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2021.   Summary Results for Third Quarter 2021 (USD in millions, except per share data) GAAP Non-GAAP September 30, 2021 September 30, 2020 % Change September 30, 2021 September 30, 2020 % Change Revenue $117.8 $97.6 20.7% $118.4 $98.0 20.9% Gross Profit $48.3 $40.1 20.5% $53.4 $44.2 20.8% Gross Margin 41.0% 41.0% - 45.1% 45.1% - Operating Income $16.2 $12.1 34.1% $21.0 $17.9 17.7% Operating Margin 13.8% 12.4% 140 bps 17.7% 18.2% (50

HOLON, Israel, Oct. 21, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report financial results for the third quarter that ended on September 30, 2021, on Wednesday, November 3, 2021. The company will host a conference call and webcast on November 3, 2021, at 9:30 a.m. Eastern Time (3:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate:North America (toll-free): + 1-888-642-5032; International: +972-3-918-0609;  UK: 0-800-917-5108. The live webcast of

HOLON, Israel, Oct. 21, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report financial results for the third quarter that ended on September 30, 2021, on Wednesday, November 3, 2021. The company will host a conference call and webcast on November 3, 2021, at 9:30 a.m. Eastern Time (3:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate:North America (toll-free): + 1-888-642-5032; International: +972-3-918-0609;  UK: 0-800-917-5108. The live webcast of

HOLON, Israel, Aug. 4, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2021.   Summary Results for Second Quarter 2021 (USD in millions, except per share data) GAAP Non-GAAP June 30, 2021 June 30, 2020 % Change June 30, 2021 June 30, 2020 % Change Revenue $114.4 $93.1 22.9% $115.0 $93.1 23.6% Gross Profit $46.6 $38.3 21.9% $51.7 $41.9 23.4% Gross Margin 40.8% 41.1% (30) bps 45.0% 45.0% - Oper

HOLON, Israel, July 22, 2021 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report financial results on Wednesday, August 4, 2021, for the second quarter that ended on June 30, 2021. The company will host a conference call and webcast on August 4, 2021, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate:North Am

HOLON, Israel, May 4, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2021.   Summary Results for First Quarter 2021 (USD in millions, except per share data) GAAP Non-GAAP Q1 2021 Q1 2020 % Change Q1 2021 Q1 2020 % Change Revenue $109.6 $90.5 21.1% $110.2 $90.5 21.7% Gross Profit $44.3 $36.3 22.0% $49.2 $39.8 23.7% Gross Margin 40.4% 40.1%  30 bps 44.7% 44.0%  70 bps Operating Income $12.4 $10.3 20.3% $19.0 $14.6 30.0 % Operating Margin 11.3% 11.4%  (10) bps 17.2% 16.1%  110 bps Net Income (*) $9.8 $6.8 44.

HOLON, Israel, Feb. 25, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of the Formula Group (NASDAQ: FORTY)  (TASE: FORT), today announced its financial results for the fourth quarter and full year ended December 31, 2020. Summary Results for Fourth Quarter 2020 (USD in millions, except per share data) GAAP Non-GAAP Q4 2020 Q4 2019 % Change Q4 2020 Q4 2019 % Change Revenue $101.7 $86.7 17.2% $102.9 $86.7 18.7% Gross Profit $41.4 $34.9 18.4% $47.0 $38.4 22.5% Gross Margin 40.7% 40.3% 40 bps 45.7% 44.3% 140bps Operating