Sapiens International Corporation N.V. (NASDAQ:SPNS) Q1 2024 Results Conference Call May 8, 2024 9:30 AM ET

Company Participants

Yaffa Cohen-Ifrah - Chief Marketing Officer and Head of IR
Roni Al-Dor - President and CEO
Roni Giladi - CFO
Alex Zukerman - Chief Strategy Officer

Conference Call Participants

Mayank Tandon - Needham & Company
Dylan Becker - William Blair
Kevin Kumar - Goldman Sachs
Chris Reimer - Barclays

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Sapiens International Corporation's First Quarter 2024 Financial Results Conference Call. Sapiens issued a press release before the market opened this morning, and it has been posted on the company's website at www.sapiens.com. All participants are presently in listen-only mode. Following management's formal presentations, instructions will be given for the question-and-answer session.

I would now like to hand the call to Ms. Yaffa Cohen, Sapiens' Chief Marketing Officer and Head of Investor Relations. Yaffa, would you like to begin?

Yaffa Cohen-Ifrah

Thank you, operator. I would like to welcome all of you to Sapiens' conference call to review our first quarter 2024 results. With me on the call today are Mr. Roni Al-Dor, President and CEO; 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 provision in the press release issued today also apply to the content of the call. Sapiens expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its view or expectations or otherwise.

On today's call, we will refer to 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 the Investor Relations section of the company website or via the website link, which is available in the earnings release we published today.

I will turn the call over to Roni Al-Dor, President and CEO of Sapiens. Roni?

Roni Al-Dor

Thank you, Yaffa. Thank you for joining us today. Let's take a high-level look at the first quarter results. After, I will walk you through the exciting new step we are taking to launch our future-proof AI-based open and integrated Sapiens insurance platform. Then I will touch on the progress related to our 2024 objective with the highlights of recent success in key agents.