LONDON, Nov. 11, 2024 /PRNewswire/ — TOPPAN Digital Language (TDL), a leading provider of language solutions for high-risk and business-critical content announces the launch of the “STREAM AI” technology platform and its “Managed AI” service offering. 

Customers with high-volume multilingual content are seeking cutting-edge and secure tools to streamline localization processes and to drive productivity, without compromising on quality and compliance. As leaders in the Language Services industry, we understand the need to harness advanced AI technologies, including Neural Machine Translation (NMT), generative AI and AI analytics to meet these goals.

To help customers navigate technology choices and simplify AI adoption, we are pleased to announce STREAM AI, the latest upgrade to our proprietary end-to-end translation management platform, along with our Managed AI managed services. For companies ready to accelerate their global reach and leverage the latest in AI technology, STREAM AI and TDL Managed AI represent the future of multilingual content localization.

About STREAM AI

STREAM AI delivers a suite of enhancements to enable seamless integration and management of proprietary and third-party AI applications for localization processes. It supports the implementation and operationalization of a broad spectrum of AI functionality, empowering customers to transition from AI exploration into large-scale production in a secure environment. At launch, STREAM AI introduces six key features, which will turbocharge productivity:

Integrates Proprietary and Third-Party AI Solutions
STREAM AI is a secure and flexible platform, incorporating TDL proprietary and third-party AI solutions for advanced translation, text generation, speech recognition and image handling. The platform also supports entity recognition for PHI and PII, enabling customers to meet data protection requirements. Contextual AI for Brand Consistency 
Our Contextual AI feature applies brand-specific style guides and tone-of-voice to all multilingual content, preserving the company’s brand identity all languages.Human in the loop + AI Collaboration for Optimal Results 
Using adaptive NMT alongside the latest LLM technology, STREAM AI enhances translation accuracy by incorporating human input at key stages.  Configurable thresholds allow clients to optimize when and how human input is applied, achieving high-precision and consistent translations.Automated Source Content Preparation for Maximum Efficiency 
By automating content preparation, including Optical Character Recognition (OCR), tag placement and grammatical correction, STREAM AI maximizes efficiency. This feature ensures that all text is formatted correctly and ready for translation, significantly reducing time and error rates.AI-Driven Language Processing  
STREAM AI uses Retrieval-Augmented Generation (RAG) frameworks, an advanced method that enhances editing accuracy by incorporating relevant context, content assets and metadata from expert-user interactions. This continuous optimization process through connected data knowledge bases improves translation quality over time.Project-specific Automation 
STREAM AI intelligently manages project workflows by selecting optimal models, assigning linguists and adjusting configurations based on project-specific needs. This adaptive feature helps deliver projects with precision.

About Managed AI

Alongside STREAM AI, we are excited to announce Managed AI, a managed service that provides customers with a robust and complete AI solution. Managed AI pairs our technology platform with expert support in implementation, data management, quality assurance, compliance and security, enabling customers to leverage AI with confidence. With human-in-the-loop quality control and model management, TDL Managed AI offers the highest standards in multilingual AI performance.

Nicolas Bosovsky, Chief Operating Officer of TOPPAN Digital Language said: “AI offers enormous potential in language services, not only to automate and enhance current workflows and services but to fundamentally transform how multilingual content is created and managed. For our customers, a clear, dependable path to implement and manage these AI technologies is essential, ensuring  scalability, reliability and future-proof resilience. With the launch of STREAM AI and Managed AI, we are excited to deliver a comprehensive, AI-driven approach that empowers our clients to unlock the value of AI – securely, sustainably and strategically.”

https://toppandigital.com/

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ROCHELLE PARK, N.J., Nov. 11, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2024.

Roni Al-Dor, President and CEO of Sapiens, stated, “This quarter showcased solid performance in our key regions. We are pleased to report that revenue reached $137 million this quarter, reflecting a 4.8% increase over the same period last year. Revenue growth was driven by 7.1% growth in our European region, 1.7% growth in North America and 6.6% growth in ROW regions. This quarter’s non-GAAP operating profit totaled $25 million, representing 18.3% of total revenue.” 

Mr. Al-Dor continued, “Revenue fell short of our targets in the third quarter, and the challenges we encountered are expected to impact revenue in the fourth quarter. Today, we are revising our 2024 non-GAAP revenue guidance to a range of $541 million to $546 million, down from the previous range of $550 million to $555 million – a 1.6% reduction at the midpoint. However, we expect our non-GAAP operating margin to be within our guidance range at 18.2%. Looking into 2025, we anticipate a low single-digit revenue growth.” 

Quarterly Results Conference Call

Management will host a conference call and webcast on November 11, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens’ results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate:

     North America (toll-free): 1-888-642-5032
     International: 972-3-9180644
     UK: 0-800-917-5108

The live webcast of the call can be viewed on Sapiens’ website at: https://veidan.activetrail.biz/sapiensq2-2024. A replay of the call will be available one business day following the completion of the event at the same link for 90 days.

Non-GAAP Financial Measures

This press release contains the following non-GAAP financial measures: non-GAAP revenue, ARR, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributed to Sapiens shareholders, non-GAAP basic and diluted earnings per share, Adjusted EBITDA and Adjusted Free Cash-Flow.

Sapiens believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Sapiens’ financial condition and results of operations. The Company’s management uses these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analyses, for purposes of determining executive and senior management incentive compensation and for budgeting and planning purposes. These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends, and in comparing the Company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors.

Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: Valuation adjustment on acquired deferred revenue, amortization of capitalized software development and other intangible assets, capitalization of software development, stock-based compensation, compensation related to acquisition and acquisition-related costs, restructuring and cost reduction costs, and tax adjustments related to non-GAAP adjustments.

Management of the Company does not consider these non-GAAP measures in isolation, or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in the Company’s financial statements. In addition, they are subject to inherent limitations, as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures.

To compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. Sapiens urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables of this release.

The Company defines Annual Recurring Revenue (“ARR”) as the annualized value of our revenue from customer subscriptions, term licenses, maintenance, application maintenance, and cloud solutions, which may not be the same as the timing and amount of revenue recognized. The ARR run rate is equal to the product of (i) the sum of these revenues in our most recently completed fiscal quarter, multiplied by (ii) four.

 The Company defines Adjusted EBITDA as net profit, adjusted to eliminate valuation adjustment on acquired deferred revenue, stock-based compensation expense, depreciation and amortization, capitalization of software development costs, compensation expenses related to acquisition and acquisition-related costs, restructuring and cost reduction costs, financial expense (income), provision for income taxes and other income (expenses). These amounts are often excluded by other companies as well, in order to help investors understand the operational performance of their business.

The Company uses Adjusted EBITDA as a measurement of its operating performance, because it assists in comparing the operating performance on a consistent basis by removing the impact of certain non-cash and non-operating items. Adjusted EBITDA reflects an additional way of viewing aspects of the operations that the Company believes, when viewed with the GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting its business. The Company uses Adjusted Free Cash-Flow as a measurement of its operating performance, and reconciles cash-flow from operating activities to Adjusted Free Cash-Flow, while reducing the amounts for capitalization of software development costs and capital expenditures. The Company adds back cash payments made for former acquisitions in respect of future performance targets and retention criteria as determined upon acquisition date of the respective acquired company, which were included in the cash-flow from operating activities. We believe that Adjusted Free Cash-Flow is useful in evaluating our business, because Adjusted Free Cash-Flow reflects the cash surplus available to fund the expansion of our business.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.

Forward Looking Statements

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

Debentures Covenants

As of September 30, 2024, Sapiens was in compliance with all of its financial covenants under the indenture for the Series B Debentures, based on having achieved the following in its consolidated financial results:

Covenant 1 

Target shareholders’ equity (excluding non-controlling interest): above $120 million.Actual shareholders’ equity (excluding non-controlling interest) equal to $471.3 million.

Covenant 2

Target ratio of net financial indebtedness to net capitalization (in each case, as defined under the indenture for the Company’s Series B Debentures) below 65%.Actual ratio of net financial indebtedness to net capitalization equal to (44.90)%.

Covenant 3

Target ratio of net financial indebtedness to EBITDA (accumulated calculation for the four last quarters) is below 5.5.Actual ratio of net financial indebtedness to EBITDA (accumulated calculation for the four last quarters) is equal to (1.42).

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SOURCE Sapiens International Corporation

ISTANBUL, Nov. 11, 2024 /CNW/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has debuted the industry’s first AI-powered full-stack FWA solution, the ZTE Nebula AI FWA Solution. Guided by its upgraded product philosophy, AI-powered GIS 2.0, this solution was introduced at its first-ever ZTE Devices User Congress focused on FWA & MBB. This event, themed “Better 5G, Better AI”, gathered respected guests, industry thought leaders, global operators, and experts to discuss opportunities and challenges in the FWA & MBB industry.

Bai Keke, Vice President of ZTE and General Manager of Mobile Internet, ZTE Mobile Devices, emphasized the importance of integration of AI & 5G to meet the growing demand for FWA & MBB. “The FWA market is expected to reach 38.7 million units by 2028, with 5G FWA comprising 72% of this demand. We continually explore AI’s potential to address the challenges faced by operators and users. We will keep enhancing our GIS 2.0 product philosophy through AI, driving innovation in FWA & MBB to maintain global leadership.”  

ZTE’s new FWA & MBB product philosophy: AI-Powered GIS 2.0

At this event, ZTE officially introduced its upgraded product philosophy, AI-powered GIS 2.0, which stands for Green, artificial Intelligence, and Security. GIS 2.0 integrates advanced AI technology to optimize network performance by learning from user behavior, categorizing over 4,000 applications, improving bandwidth efficiency by 20% and reducing network congestion by 30%. With GIS 2.0, ZTE sets a new benchmark in delivering faster, smarter, and more secure FWA & MBB solutions.

A standout feature of GIS 2.0 is the AI-powered Super Antenna utilizing ZTE’s in-house phase scanning and switching technology, which boosts network speed by 20% in areas with weaker signals. On the security front, GIS 2.0 uses AI to detect and block cyber threats including illegal data, viruses, and potential hacker threats in real-time, while its Child Guardianship feature ensures safer online environment for children. Another key component of GIS 2.0 is its AI-based Smart Cloud Platform, which enables operators to manage FWA & MBB devices more efficiently, reducing the need for on-site support and improving service efficiency.

The industry’s first AI-powered full-stack FWA solution and 5G+AI product innovations

At the event, ZTE debuted the Nebula AI FWA Solution, the industry’s first AI-powered full-stack FWA solution. It introduces six AI-driven features: AI Multi-Scenario Application, AI QoS Management, AI Voice Control, AI Application Recognition, AI Children Protection, and real-time AI Network Optimization. These features enhance user experience and network security, establishing new standards for intelligent networking.

ZTE also launched its AI-powered 5G FWA and MBB series, featuring the G5 Ultra and G5F models. ZTE G5 Ultra, the world’s first AI-powered flagship FWA device, is fully equipped to support 5G-Advanced, delivering peak data rates of up to 19Gbps. It features tri-band Wi-Fi 7 and dual 2.5G ultra-high-speed network ports for exceptional connectivity. With built-in AI voice control, intelligent QoS management, and a 13dBi smart beam-switching antenna, it automatically optimizes internet performance for activities like streaming, gaming, and video conferencing, delivering an enhanced, secure, and seamless user experience. ZTE G5F, the world’s first AI-powered outdoor FWA ready for 5G-Advanced, is the flagship model of ZTE’s fifth-generation FWA series. It delivers peak speeds of 10Gbps and features sub-6GHz and mmWave NR DC for enhanced dual-band coverage. With 13dBi antennas and 2.5G PoE network ports, it ensures reliable, high-speed outdoor connectivity, ideal for applications like cloud gaming and 4K streaming.

ZTE has solidified its position as a global leader in FWA & MBB, with over 1,000 patents and partnerships with more than 130 operators worldwide, delivering over 250 million units globally. ZTE has the comprehensive product lineup, from chips to devices, spanning sectors such as home, travel, vehicle, and IoT, all within its Full-Scenario Intelligent Ecosystem 3.0. ZTE’s continued innovation delivers cutting-edge, high-speed connectivity for all, driving the future of intelligent networking. 

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: ZTE.press.release@zte.com.cn 

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SOURCE ZTE Corporation