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May 6, 1994

SAPIENS INTERNATIONAL PLAN SIGNIFICANT CHANGES

By CBR Staff Writer

Cary, North Carolina-based Sapiens International Corp NV intends to make significant changes this quarter aimed at improving margins and profitability in the second half after reporting a first quarter loss of $1.8m, compared with a yearearlier profit of $24,000, on a 10% increase in its turnover to $12.3m.

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