Sapiens International Corp Reiterated FY23 Adj Revenue Guidance $511M–$516M Vs $514.16M Est, Expects Adj Operating Margin 18.2% - 18.3% (Prior 18.0% – 18.2%)
Portfolio Pulse from Benzinga Newsdesk
Sapiens International Corp has reiterated its FY23 adjusted revenue guidance of $511M–$516M, which is in line with the estimated $514.16M. The company also expects its adjusted operating margin to increase from the previous range of 18.0% – 18.2% to 18.2% - 18.3%.
November 08, 2023 | 10:54 am
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POSITIVE IMPACT
Sapiens International Corp's FY23 revenue guidance aligns with estimates, and the company expects an increase in its adjusted operating margin. This could potentially have a positive impact on the company's stock.
Sapiens International Corp's reiteration of its FY23 revenue guidance, which aligns with estimates, and its expectation of an increase in adjusted operating margin, indicates a positive financial outlook. This could potentially lead to increased investor confidence and a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100