Sapiens International Corporation N.V. (NASDAQ:SPNS) Q2 2023 Results Conference Call August 2, 2023 9:30 AM ET
Company Participants
Yaffa Cohen-Ifrah - Chief Marketing Officer and Head, IR
Roni Al-Dor - President and CEO
Roni Giladi - CFO
Conference Call Participants
Mayank Tandon - Needham & Company
Dylan Becker - William Blair
Surinder Thind - Jefferies
Kevin Kumar - Goldman Sachs
Chris Reimer - Barclays
Operator
Welcome to Sapiens International Corporation's 2023 Second Quarter Financial Results Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded August 2, 2023.
It is now my pleasure to introduce your host, Yaffa Cohen-Ifrah, Chief Marketing Officer and Head of Investor Relations. Thank you, Yaffa.
Yaffa Cohen-Ifrah
Thank you, operator. I would like to welcome all of you to the Sapiens conference call to review our second quarter results for 2023. With me on the call today are Mr. Roni Al-Dor, President and CEO; and Mr. Roni Giladi, CFO. Following the summary of results, we will be available to answer any questions.
Before we start, I would like to remind everyone that this conference call may contain projections or other forward-looking statements. The safe harbor provisions in the press release issued today also apply to the content of the call. Second to expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our expectation or otherwise. On the call today, we will refer to the non-GAAP financial measures.
A reconciliation of GAAP to non-GAAP results has been provided in our press release issued before the market opened this morning. A replay of this call will be available after the call on our Investor Relations section of the company website or via the website link, which is available in the earnings release we published today.
I will now turn the call over to Roni Al-Dor, President and CEO of Sapiens, Roni?
Roni Al-Dor
Good morning, everyone, and thank you for joining us today for Sapiens Second Quarter 2023 Earnings Call. I'm pleased to share updates on our recent progress and achievements. Sapiens achieved a strong second quarter with 8.2% year-over-year revenue growth and 18.2% operating margin. Our strong quarter performance was driven by significant achievements across multiple lines of business and from diverse geographies. This quarter, our North America revenue year-over-year growth exceeded 8% and EMEA revenue increased by over 5%.