- Non-GAAP revenue of $271- $273 million
- Non-GAAP operating margin between 8.3%-8.6%
- Non-GAAP revenue in the range of $280- $285 million
- Non-GAAP operating margin of 12%-13%
Sapiens management will host a conference call and webcast today, February 12 at 9:00 a.m. Eastern Time ( 4:00 p.m. in Israel), to review and discuss the Adaptik acquisition, along with preliminary results for full-year 2017 and financial guidance for full-year 2018.Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): + 1-888-668-9141; International: +972-3- 918-0609; UK: 0-800-917-5108 The conference call will be accompanied by a slide presentation that can be downloaded from our website at: http://www.sapiens.com/investors/presentations-and-webcast/ The live webcast of the call can be viewed on Sapiens' website at: http://www.sapiens.com/investors/presentations-and-webcast/ If you are unable to join live, a replay of the call will be accessible until February 22, 2017, as follows: North America: 1-877-456-0009; International: +972-3-925-5929 A recorded version of the webcast will also be available via the Sapiens website for three months. About Sapiens Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector. We offer integrated core software solutions and business services, and a full digital suite for the property and casualty/general insurance; life, pension and annuities; and reinsurance markets. Sapiens also services the workers' compensation and financial and compliance markets. Our portfolio includes policy administration, billing and claims; underwriting, illustration and electronic application; reinsurance and decision management software. Sapiens' digital platform features customer and agent portals, and a business intelligence platform. With a 30-year track record of delivering to more than 400 organizations, Sapiens' team of over 2,500 operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more information: http://www.sapiens.com. Forward - Looking Statement Some of the statements in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements (although not all forward-looking statements include such words). These forward-looking statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management's current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement.
These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties, as well as certain additional risks that we face, please refer to the Risk Factors detailed in Item 3 of Part III of our Annual Report on Form 20-F for the year ended December 31, 2016, and subsequent reports and registration statements filed from time to time with the Securities and Exchange Commission.Investors and Media Contact: Yaffa Cohen-IfrahChief Marketing Officer and Head of Corporate CommunicationsSapiens InternationalU.S. Mobile: +1-201-250-9414Mobile: +972-54-909-9039Email: email@example.com Investor and Media Contact Yaffa Cohen-IfrahChief Marketing Officer and Head of Corporate CommunicationsSapiens InternationalMobile: +1-201-250-9414Phone: +972-3-790-2026Email: Yaffa.firstname.lastname@example.org SOURCE Sapiens International Corporation