SPNS - Sapiens International Corporation N.V.

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Income Statement
Balance Sheet
Cash Flow

Income Statement

Annual
All numbers in thousands
Revenue12/31/201712/31/201612/31/201512/31/2014
Total Revenue269,194216,190185,636157,450
Cost of Revenue175,678130,402111,19299,095
Gross Profit93,51685,78874,44458,355
Operating Expenses
Research Development31,95516,48810,23511,352
Selling General and Administrative51,11144,46039,85932,097
Non Recurring----
Others----
Total Operating Expenses258,744191,350161,286142,544
Operating Income or Loss10,45024,84024,35014,906
Income from Continuing Operations
Total Other Income/Expenses Net-12,458533163124
Earnings Before Interest and Taxes10,45024,84024,35014,906
Interest Expense-1,688-270-157-157
Income Before Tax-2,00825,37324,51315,030
Income Tax Expense-2,5645,7724,213454
Minority Interest2,1841,7041,252848
Net Income From Continuing Ops55619,60120,30014,576
Non-recurring Events
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Changes----
Other Items----
Net Income
Net Income35219,33620,01614,463
Preferred Stock And Other Adjustments----
Net Income Applicable To Common Shares35219,33620,01614,463