Sapiens International Corporation N.V. expected 2022 revenue in the range of $495 million to $500 million, which translates to year-over-year growth of approximately 7.3% at the midpoint. If eliminate currency impact, which are headwinds to numbers, revenue at the midpoint would have been $8 million higher with organic growth of 9.1%.

While guiding the full year revenue, the company anticipates first quarter of 2022 to be lower than fourth quarter of 2021 and at the level of $116 million to $118 million. The main reason is go live of several customers by end of 2021.