Sapiens International Corporation announced its financial results for the third quarter ended September 30, 2024, on November 11, 2024. The company reported non-GAAP revenue of $137.0 million, marking a 4.8% increase compared to the same period last year.
Non-GAAP operating profit for the quarter totaled $25.1 million, representing an 18.3% operating margin. Non-GAAP diluted earnings per share reached $0.37, an 8.8% increase year-over-year.
However, Sapiens revised its 2024 non-GAAP revenue guidance to a range of $541 million to $546 million, a 1.6% reduction at the midpoint from the previous range. The company anticipates low single-digit revenue growth for 2025, while expecting its 2024 non-GAAP operating margin to remain at 18.2%.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.