Sapiens International Corp. N.V.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 135,377 113,909 69,927 52,235
Cost of Revenue 84,971 66,459 40,067 29,921
Gross Profit 50,406 47,450 29,860 22,314
Operating Expenses
Research and Development 11,846 10,169 5,008 3,293
Sales, General and Admin. 26,677 25,236 18,113 12,310
Non-Recurring Items - - 1,115 -
Other - - - -
Operating Income 11,883 12,045 5,624 6,711
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax 12,403 12,238 5,728 6,347
Interest Expense - - - -
Earnings Before Tax 12,403 12,238 5,728 6,347
Income Tax 811 435 (230) 177
Minority Interest (12) 23 61 18
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 11,604 11,780 5,897 6,152
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 11,604 11,780 5,897 6,152
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 11,604 11,780 5,897 6,152