Sapiens Shares Tumble On Q3 Miss: Adjusts Outlook Amid Revenue Shortfalls

Sapiens International Corporation N.V. (NASDAQ:SPNS) shares are trading lower after the company reported third-quarter results.

Revenue rose 4.8% year over year to $137.0 million, missing the consensus of $140.07 million. Revenue growth was led by 7.1% growth in our European region, 1.7% growth in North America and 6.6% growth in ROW regions.

Adjusted operating income grew 4.3% to $25.1 million, with margin contraction of ...