Sapiens International Corporation N.V. (NASDAQ:SPNS) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET
Company Participants
Yaffa Cohen-Ifrah – Chief Marketing Officer and Head-Investor Relations
Roni Al-Dor – President and Chief Executive Officer
Roni Giladi – Chief Financial Officer
Alex Zukerman – Chief Strategy Officer
Conference Call Participants
Dylan Becker – William Blair
Kevin Kumar – Goldman Sachs
Chris Reimer – Barclays
Omri Lapidot – Leumi Partners
Operator
Welcome to Sapiens International Corporation's 2023 Third 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.
It is now my pleasure to introduce your host, Yaffa Cohen-Ifrah, Chief Marketing Officer and Head of Investor Relations. Thank you, Yaffa. You may now begin.
Yaffa Cohen-Ifrah
Thank you, operator. I want to welcome all of you to the Sapiens conference call to review our third quarter results for 2023. With me on the call today are Mr. Roni Al-Dor, President and CEO; and Mr. Roni Giladi, CFO; and Mr. Alex Zukerman, Chief Strategy Officer. Following the summary of the 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 today’s call, 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 third quarter 2023 earnings call. Sapiens has delivered another strong quarter in 2023, and I want to start highlighting some key points that demonstrate result.
First and foremost, we remain committed to deliver results that align with the expectation we set earlier this year. In each quarter of three quarters in 2023, we have delivered revenue growth with expanding margins. The third quarter was yet another strong quarter for us, marked by further improvement in our operating margin.