Revenue Growth
Sapiens reported a revenue of $137 million for Q3 2024, marking a 4.8% increase compared to the same quarter last year.
Strong Recurring Revenue Growth
Revenue from recurring software products and post-production services increased by 15.3% year-over-year to $101 million.
North America Business Wins
Secured new business wins in North America, including Continental General and Society Insurance, leveraging Sapiens' cloud-based platforms to enhance operational efficiency.
Successful Customer Upgrades
Completed successful upgrades and go-lives with existing customers, including Pan American Life Insurance Group and Hollard Group, enhancing capabilities and reducing operational costs.
Strategic Partnerships
Progress in collaboration with system integrators and strategic partners like Microsoft is unlocking new growth opportunities.