SAPIENS REPORTS Q2 2011 RESULTS

Q2 2011 YEAR OVER YEAR REVENUES GROW 14%;
NET INCOME GROWS 15%

Second Quarter 2011 Highlights Include:

• Revenues increased 14% compared to Q2 2010, and reached $14.3 million
• Operating profit reached $1.7 million, 7% growth compared to Q2 of 2010
• Non-GAAP Net Income of $2.0 million compared to $1.8 million in Q2 2010
• As of June 30, 2011, cash and cash equivalents totaled to $16.5 million
• Total shareholders’ equity of $38.5 million as of June 30, 2011, representing 65% of the total balance sheet

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