Sapiens Reports First Quarter 2020 Financial Results and Announces a Cash Dividend of $0.14 Per Share

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Go back to Sapiens Reports First Quarter 2020 Financial Results and Announces a Cash Dividend of $0.14 Per Share

Sapiens (SPNS) Tops Q1 EPS by 1c, Revenues Beat

May 14, 2020 6:38 AM EDT

Sapiens (NASDAQ: SPNS) reported Q1 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $90.5 million versus the consensus estimate of $87.98 million.

"Sapiens' first-quarter performance reflects our continued focus on supporting our existing customers and closing new business," said Roni Al-Dor, president and CEO, Sapiens. "On a non-GAAP basis, we reported 17.9% revenue growth and increased operating margins by 80 basis points to 16.1%, with both P&C and L&A contributing to growth in the quarter."

"In March, we responded to the COVID-19 global outbreak per country, controlling expenses where... More