Sapiens International Corporation (SPNSF): Turn around...? Message Board

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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: Walk Softly who wrote (1654)	6/7/1998 8:03:00 AM
From: Alex	Read Replies (1) of 1936

Let's play with some numbers... In the last press release from Sapiens, they said that the Gartner Group estimates the cost of just the first round of software adaptation for the Euro Dollar to be $150 billion. If Sapiens only gets 1% of that business, that comes out to 1.5 billion dollars. Last quarter, 14.2 million in revenue came out to 6 cents eps, so 1.5 billion is about $6 eps. So how come the yearly eps estimate for next year is 51 cents? 51 cents would mean revenue of roughly $12 million, or .008% of the $150 billion. And that does not include income from Y2K, Transconnect, and Object Pool. Will Sapiens only get .008% of the Euro Dollar business? Alex

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