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BRIEF-Sapiens halts software development project, revises 2017 outlook
2017年4月27日 / 上午11点04分 / 5 个月前

BRIEF-Sapiens halts software development project, revises 2017 outlook

April 27 (Reuters) - Sapiens International Corporation Nv

* Sapiens announces halt of a software development project, revises 2017 outlook

* Sees fy 2017 revenue $265 million to $275 million

* Now expects its operating profit margin for first half of 2017 to be between 3%-4%

* Sapiens international corporation nv - has taken and will continue taking, in first and second quarters of 2017, non-operational restructuring steps

* Also expects its full-year operating profit margin to be between 9% and 10%

* Fy2017 revenue view $274.4 million -- Thomson Reuters I/B/E/S

* Sapiens international-recently, co received letter from customer, in which customer alleged that co has materially breached its agreement with customer

* Sapiens international corporation - project has been halted and currently does not expect to generate any further revenues from customer in 2017

* Sapiens-After examining customer’s allegations, sapiens informed customer that it has not materially breached any of its obligations under agreement

* Sapiens international corporation nv - sapiens informed customer that customer itself has materially breached agreement Source text for Eikon: Further company coverage:

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