Sapiens (NASDAQ: SPNS) released a report on Wednesday with results in the second quarter that beat analysts. The income indicator exceeded forecasts.
The company posted earnings per share of $0.33 on revenue of $128.3M. Analysts polled by Investing.com had forecast earnings per share of $0.32 and total revenue of $126.56M.
This year, Sapiens shares, up 49%, outperformed the overall Nasdaq index, up 36% year-to-date.
Sapiens follows the general trend of Tech companies this month
On July 25, Microsoft reported its fourth quarterly earnings of $2.69, earnings of $56.2B, compared to earnings-per-share estimates of $2.55 on total revenue of $55.44B.
Alphabet C Earnings Beat Analysts' Expectations July 25th Q2 Quarterly EPS $1.44 on Total Earnings of $74.6B Investing.com Analysts Previously Predicted EPS of $1.34 on Total Earnings of $72.82B $