Asseco's Sapiens expects $270-280 mln revenues in 2017
20:43
IT company Sapiens, Israeli unit of WSE-listed Asseco Poland, eyes generating $270-280 million revenues and 13 percent operating margin this year, the company said in a market filing. The estimate takes into account the effect of the recent takeover over of US IT firm Stone River. The transaction was worth $102 million.
In 2016 Sapiens had recorded $24.2 million attributable net profit, and $216.2 million revenues.
