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)GAAPNon-GAAPQ3 2024Q3 2023% ChangeQ3 2024Q3 2023% ChangeRevenue$137.0$130.74.8 %$137.0$130.84.8 %Gross Profit$60.3$56.07.8 %$62.8$59.36.0 %Gross Margin44.0 %42.8 % 120 bps45.8 %45.3 %50 bpsOperating Income$21.7$20.37.3 %$25.1$24.14.3 %Operating Margin15.9 %15.5 % 40 bps18.3 %18.4 %-10 bpsNet Income (*)$18.3$15.915.5 %$21.1$19.110.5 %Diluted EPS$0.33$0.2817.9 %$0.37$0.348.8 %(*) Attributable to Sapiens’ shareholders Roni Al-Dor, President and CEO of Sapiens, stated, “This quarter showcased solid performance in our key regions. We are pleased to report that revenue reached $137 million this quarter, reflecting a 4.8% increase over the same period…
Author: PRNEWSWIRE
Appointment Positions Company for New Level of Technology Leadership MINNEAPOLIS, Nov. 11, 2024 /PRNewswire/ — Emergent Software, a leading provider of innovative full-service business technology solutions, names Marc Kermisch as Chief Technology Officer (CTO), effective immediately. In this role, Kermisch will be responsible for driving the company’s technology vision and strategy, overseeing solution offerings, and engaging directly with customers. “We are thrilled to welcome Marc to the Emergent Software team,” said Jamie Anderson, CEO of Emergent Software. “His extensive experience in technology leadership across many industries and his passion for innovation align perfectly with our company’s goals. As a visionary leader, Marc will engage with our…
CHICAGO, Nov. 11, 2024 /PRNewswire/ — Leading global management consultancy Kearney has today released its 2024 Global AI Assessment (AIA), which finds that just 4% of global businesses qualify as “leaders” in AI and analytics—including in their approach to generative AI. The study surveyed more than 1,000 leaders from 12 industries and 25 countries in mid-2024, ranking their maturity in AI and analytics processes, particularly the new technologies surrounding AI. Investing in AI for growth Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead…
LIMA, Peru, Nov. 11, 2024 /PRNewswire/ — Banco de Crédito del Perú (BCP) has partnered with Microsoft, a leader in cloud solutions, and Kyndryl, a global leader in IT infrastructure services, to modernize BCP’s IT systems with hybrid cloud and help Peruvians gain greater access to digital banking services. This agreement represents BCP’s investment of more than $650M over five years, making it one of the largest technology investments in Latin America’s financial services sector. “Our purpose is to serve as allies to our customers to help them transform their plans into reality, understanding that financial inclusion provides opportunities for growth. Digitalization can help close the gap, and so BCP,…
SHANGHAI, Nov. 11, 2024 /PRNewswire/ — Nisun International Enterprise Development Group Co., Ltd (“Nisun International” or the “Company”) (Nasdaq: NISN), a technology and industry driven integrated supply chain solutions provider, is pleased to announce its acquisition of a minority stake in Nanjing Pin Bai Sheng Catering Management Co., Ltd. (“Nanjing Pin Bai Sheng”), a prominent franchisee and partner in China’s thriving food and beverage sector. This strategic investment aligns with Nisun International’s commitment to expanding its footprint in China’s supply chain and rapidly growing campus catering markets. Nanjing Pin Bai Sheng, known for its operational expertise and strong partnerships with globally recognized food brands like KFC, provides…
DUBLIN, Nov. 7, 2024 /CNW/ – Experlogix Digital Commerce, a leader in Digital Commerce, CPQ (Configure-Price-Quote) and Document Automation platforms is pleased to announce a strategic partnership with Boyum IT, a global software company empowering SMEs to bring their products to life. This partnership aims to leverage the strengths of both organisations to provide innovative digital commerce products that seamlessly integrate with SAP Business One and Microsoft Dynamics 365 and deliver these to Boyum and Experlogix customers worldwide. Experlogix Digital Commerce, formerly Aphix, and Boyum IT are renowned for their expertise and commitment to providing high-quality solutions that extend the functionality of ERP. Both…
SCOTTSDALE, Ariz., Nov. 7, 2024 /PRNewswire/ — Fellow shareholders, Axon is proud to report strong third quarter results and raise our outlook for the remainder of the year once again. Robust demand for our products and services remains driven by our innovative product leadership and deep customer relationships. We delivered over 30% annual revenue growth in each of the first three quarters of 2024, marking our 11th consecutive quarter of growth above 25%, achieved third quarter net income margin of 12.3%, and Adjusted EBITDA margin of 26.7% — our highest in over three years. TASER revenue of $222 million grew 36% year over year,…
NEW YORK, Nov. 8, 2024 /PRNewswire/ — Saramonic launches its latest wireless lavalier microphone—Saramonic Ultra—for professional creators. With timecode, 130 dB SPL, 32-bit float onboard recording, IPX5-rated transmitters, and an external antenna, the Saramonic Ultra is packed with pro features that deliver top-notch performance in demanding environments, providing creators with more freedom for their creativity and more editing room in post-production. Timecode for Down-to-Frame Audio-Video Sync Designed with professional creators in mind, the Saramonic Ultra features Timecode, a function that synchronizes timecodes across the microphone system and cameras, regardless of when each device starts recording. In post-production, this enables editors to easily synchronize audio and…
NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global customer engagement solutions market size is estimated to grow by USD 16.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.1% during the forecast period. Increasing adoption of e-commerce business models is driving market growth, with a trend towards growing demand for social interaction. However, data security concerns regarding customer engagement solutions poses a challenge.Key market players include Accenture Plc, Avaya LLC, Calabrio Inc., Crmnext, eGain Corp., Enghouse Systems Ltd., Freshworks Inc., Genesys Telecommunications Laboratories Inc., IFS World Operations AB,…
Acquisition deepens Serve’s offerings for the restaurant industry, helping partners improve efficiency and manage labor shortage challenges from kitchen to curb SAN FRANCISCO, Nov. 7, 2024 /PRNewswire/ — Serve Robotics Inc. (“Serve”) (Nasdaq: SERV), a leading autonomous robotic delivery company, today announced its agreement to acquire the assets of Vebu Inc. (“Vebu”), a trailblazer in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed and the transaction is subject to customary closing conditions. Vebu’s signature robotic product is the Autocado, the pioneering avocado-processing robot which eliminates the need for restaurant workers to cut, core and scoop avocados to prepare…