Sapiens International Corporation announced its financial results for the fourth quarter and full year ended December 31, 2024, on February 18, 2025. For Q4 2024, non-GAAP revenue reached $134.3 million, a 2.6% increase year-over-year, with non-GAAP diluted EPS at $0.37.
For the full year 2024, non-GAAP revenue totaled $542.4 million, up 5.4% from 2023, driven by new customer deals. Recurring software products and services revenue grew by 14.1% to $390 million, representing 72% of total revenue, highlighting the stability of Sapiens' business model.
Sapiens introduced its 2025 guidance, projecting non-GAAP revenue in the range of $553 million to $558 million, and non-GAAP operating profit between $98 million and $102 million. The company expects an operating margin of 18% at the midpoint, with a constant currency growth rate of 3.4%.
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