Sapiens Reports Second Quarter 2018 Financial Results
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Sapiens (SPNS) Tops Q2 EPS by 1c, Revenues Beat; Boosts FY18 Operating Margins Outlook
August 7, 2018 7:47 AM EDTSapiens (NASDAQ: SPNS) reported Q2 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $72.2 million versus the consensus estimate of $70.18 million.
Revenue totaled $72.2 million, an increase of 4.5% compared to last year. Non-GAAP revenue increased 4.9% from the same period in the prior year to $72.5 million.Operating income totaled $4.9 million, up from an operating loss of $2.9 million last year. Non-GAAP operating income improved to $9.6 million, up from $3.2 million the same period in the prior year.Operating margin improved to 6.8% as compared to (4.3%) last year.... More