Tech Moves: Microsoft AI adds CVP; WatchGuard CEO steps down; Amazon vet joins Hims & Hers
Mark D'Arcy. (Photo via LinkedIn)
Former Meta and Time Warner exec Mark D'Arcy is joining Microsoft as a corporate vice president working on the tech giant's consumer AI products.
D'Arcy is the new global creative director for Microsoft AI, reporting to Microsoft AI CEO Mustafa Suleyman.
D'Arcy spent more than a decade at Meta in creative and marketing leadership roles. He was at Time Warner for nearly seven years as chief creative officer and later president.
The Information first reported D'Arcy's new role, which Microsoft confirmed to GeekWire.
D'Arcy will work with engineering, design, and advertising teams to help boost marketing strategy for Microsoft's generative AI Copilot assistant that is embedded within various applications such as Word and Bing. Copilot competes with several chatbots from companies including OpenAI, Meta, Google, Anthropic, and others.
Last month Microsoft unveiled a series of updates to Copilot, including a new personalized memory feature designed to recall details from a user's life across conversations.
Suleyman joined Microsoft last year after co-founding Inflection AI and previously leading applied AI at DeepMind.
Other key personnel changes across the Pacific Northwest tech industry:
Prakash Panjwani. (LinkedIn Photo)
— WatchGuard Technologies CEO Prakash Panjwani is leaving his post and will transition to serving on the cybersecurity company's board of directors and as a strategic advisor. Vats Srivatsan, an operating partner at Vector Capital, will become interim CEO as WatchGuard looks for a permanent replacement.
During his decade at Seattle-based WatchGuard, Panjwani oversaw six strategic acquisitions, mostly recently the purchase of ActZero in January. The company more than tripled its annual recurring revenue under his leadership and also tripled its global employee headcount.
'Few leaders leave the kind of legacy he has — shaping not only the company's strategy, but also producing consistent strong performance and operational excellence,' said Alex Slusky, founding partner and managing director of Vector Capital, WatchGuard's majority owner, in a statement.
Nader Kabbani. (Hims & Hers Photo)
— Longtime Amazon Vice President Nader Kabbani is now chief operations officer Hims & Hers, a telehealth company that sells direct-to-consumer treatments for conditions such as erectile dysfunction and hair loss.
At Amazon, Kabbani most recently held leadership roles in health-related initiatives including managing the company's vaccination task force — which helped employees receive COVID-19 shots — Amazon Pharmacy, and PillPack. His more than 18-year tenure at the Seattle company also included VP positions with last mile, logistics and Kindle operations.
— And another Amazonian has taken a new role: Parisa Sadrzadeh, former VP of the company's worldwide delivery service partner program, is now a vice president of DoorDash. Sadrzadeh was at Amazon for nearly 12 years, then moved to Bellevue, Wash.-based Flexport to serve as executive VP.
'I've spent the past decade building technology to empower small businesses globally, and this next chapter of my journey builds off of that experience by moving into physical commerce — a critical area I'm super excited about innovating in for both merchants and the consumers they serve,' Sadrzadeh said on LinkedIn.
Gulliver Swenson. (Photo via LinkedIn)
— Boundless, a Seattle company with tools for simplifying the immigration process, added two leaders:
Gulliver Swenson joins Boundless as VP of people and general counsel. Swenson was previously at Assurance IQ for more than six years and helped lead the company through its acquisition by Prudential. Swenson began his career in a general law practice at Ryan, Swanson & Cleveland.
joins Boundless as VP of people and general counsel. Swenson was previously at Assurance IQ for more than six years and helped lead the company through its acquisition by Prudential. Swenson began his career in a general law practice at Ryan, Swanson & Cleveland. Rachel Pepple is now VP of marketing at Boundless. Pepple, who also holds a law degree, comes to the role from Carbon Direct, a startup helping companies manage their climate impacts. Prior to that position, Pepple was a marketing lead at the cybersecurity company ExtraHop for seven years, during which time the business was acquired for $900 million.
— Raymond 'R.J.' Ford left his role as general manager for Zillow Group. 'After 15 unforgettable years, I'm closing my Zillow laptop one last time and I'm grateful, humbled, and incredibly proud,' he said on LinkedIn.
Ford joined the Seattle real estate company in 2009 and has most recently been Zillow's GM of agent software and advertising for more than nine years. Over his tenure, Ford received five 'leader of the year' awards from his team. He did not disclose what he will be doing next.
— Kyle Widrick is now a venture partner at the consumer-oriented investment firm Maveron. The firm, which got its start in Seattle and has offices in San Francisco, has been growing its presence in New York City, which is where Widrick is based.
Widrick is 'a serial entrepreneur, a prolific angel investor and has a particular superpower in investing at the frontier of wellness,' said Maveron partner Jason Stoffer in announcing the news.
— Gensler, an architecture, design firm and planning firm, appointed Bert deViterbo as managing director of its Seattle office. DeViterbo has been with the company for 14 years and recently relocated from San Francisco.
'Seattle is at an inflection point coming out of the pandemic and I'm optimistic about the future of the city,' deViterbo said in a statement. 'I believe that design has a powerful role to play in shaping the future of Seattle's sports, tech, sciences and higher education sectors, driving collective cultural and economic growth for the region.'
— BuyWander added Brent Hendricks as head of operations. Hendricks founded Global Neighborhood, a nonprofit thrift and vintage store that provides workforce training for refugees, which he oversaw for nearly 20 years.
Spokane, Wash.-based BuyWander uses AI and other tech to scan, sort and identify thousands of new and like-new products and sell them through an online auction marketplace. Shoppers collect their merchandise with curbside pickup, and warehouses also serve as bin stores where customers can dig for deals. The startup recently raised $2 million.
— Seattle attorney Jennifer Dumas joined Apollo.io as senior lead council. Dumas was previously general counsel for the Allen Institute for AI (AI2) and an adjust professor at Seattle University's School of Law. Apollo is a Phoenix based advertising company.
— Chuck Cory, a tech and investment banking leader with a 33-year run at Morgan Stanley, joined the board of directors of Weave.AI. Cory is also an angel investor in Weave, a Seattle company providing AI services to financial institutions and global corporations to help them manage emerging risks, competitive shifts, complex regulations and new business opportunities.
— Teradata hired John Ederer of Medina, Wash., as chief financial officer. Ederer was most recently CFO for Model N and K2 Software. San Diego-based Teradata is a cloud analytics and data platform for AI.
— Justin Donaldson is chief data scientist for Curvo, a startup is developing technology to improve healthcare supply chains. Donaldson was previously a co-founder of hushh.ai, a Kirkland, Wash., startup applying AI to in-house data analysis, and worked in the Seattle area as a data scientist/engineer at Salesforce for nearly a decade.
— Trellis Health, a startup co-located in Seattle and San Francisco, formed a medical advisory board. The company is building an online platform for individuals to manage their health data. The board appointees are:
— Seattle-area leader Sean Kell joined the board of directors and investor group at Recovery.com. The company provides online resources about treatment for addiction and mental health. Kell is CEO of MD², the Bellevue-based concierge medical group. His past titles include chief executive of the retail diamond company Blue Nile and A Place for Mom, as well as leadership roles at Expedia and Starbucks.
— Seattle's Circulate added Matt Kaeberlein to its scientific advisory board. The startup launched last year and is developing technologies and treatments that aim to reverse aging and improve health. Kaeberlein is a UW affiliate professor of oral health and CEO of the biotech startup Optispan.
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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. For more information visit sapiens or follow us on LinkedIn Investor and Media ContactYaffa Cohen-IfrahChief Marketing Officer and Head of Investor Relations, SapiensMobile: +1 917-533-4782Email: Investor ContactKimberly RogersManaging Director, Hayden IRPhone: +1 541-904-5075Email: kim@ Forward Looking Statements Certain matters discussed in this press release 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, and are based on our beliefs, assumptions and expectations, as well as information currently available to us. 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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 most recent Annual Report on Form 20-F, which we filled with the SEC on March 31, 2022, 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. SAPIENS INTERNATIONAL CORPORATION N.V. 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AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP RESULTS U.S. dollars in thousands (except per share amounts)Three months endedSix months ended June 30,June 30, 2025202420252024 (unaudited)(unaudited)(unaudited)(unaudited)GAAP revenue141,602136,800277,707271,049 Valuation adjustment on acquired deferred revenue---- Non-GAAP revenue141,602136,800277,707271,049GAAP gross profit61,89160,104122,551117,664 Amortization of capitalized software1,6751,5693,1863,114 Amortization of other intangible assets1,2728082,0962,587 Non-GAAP gross profit64,83862,481127,833123,365GAAP operating income16,79721,88337,99342,405 Gross profit adjustments2,9472,3775,2825,701 Capitalization of software development(1,788)(1,823)(3,730)(3,540) Amortization of other intangible assets2,0941,2233,6542,456 Stock-based compensation8458111,6921,583 Acquisition-related costs *)2,1823652,743494 Non-GAAP operating income23,07724,83647,63449,099 GAAP net income attributable to Sapiens' shareholders 14,23218,617 32,16835,977 Operating income adjustments6,2802,9539,6416,694 Taxes on income(1,207)(529)(1,825)(1,209) Non-GAAP net income attributable to Sapiens' shareholders19,30521,04139,98441,462 (*) Acquisition-related costs pertain to charges on behalf of M&A agreements related to future performance targets and retention criteria, as well as third-party services, such as tax, accounting and legal rendered until the acquisition date. Adjusted EBITDA Calculation U.S. dollars in thousandsThree months endedSix months ended June 30, June 30, 2025202420252024GAAP operating profit 16,79721,88337,99342,405Non-GAAP adjustments: Amortization of capitalized software1,6751,5693,1863,114 Amortization of other intangible assets3,3662,0315,7505,043 Capitalization of software development(1,788)(1,823)(3,730)(3,540) Stock-based compensation8458111,6921,583 Compensation related to acquisition and acquisition-related costs2,1823652,743494Non-GAAP operating profit23,07724,83647,63449,099Depreciation1,0641,0952,0362,192Adjusted EBITDA24,14125,93149,67051,291 Summary of NON-GAAP Financial Information U.S. dollars in thousands (except per share amounts) Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024 Revenues 141,602136,105134,305137,025136,800 Gross profit 64,83862,99562,69262,80962,481 Operating income 23,07724,55724,46825,10124,836 Adjusted EBITDA 24,14125,52925,35926,38925,931 Net income to Sapiens' shareholders 19,30520,67920,71021,09121,041 Diluted earnings per share 0.340.370.370.370.37 Annual Recurring Revenue ("ARR") U.S. dollars in thousands Three months ended June 30, 2025 2024 Annual Recurring Revenue 199,646168,593 Non-GAAP Revenues by Geographic Breakdown U.S. dollars in thousandsQ2 2025Q1 2025Q4 2024Q3 2024Q2 2024 North America 59,78256,87156,75355,75557,918 Europe 70,09567,48065,62469,28166,072 Rest of the World 11,72511,75411,92811,98912,810 Total 141,602136,105134,305137,025136,800 Non-GAAP Revenue breakdown U.S. dollars in thousands Three months endedSix months endedJune 30,June 30,2025202420252024 Software products and re-occurring post-production services (*) 109,85998,044217,916192,285 Pre-production implementation services (**) 31,74338,75659,79178,764 Total Revenues 141,602136,800277,707271,049 Three months endedSix months endedJune 30,June 30,2025202420252024 Software products and re-occurring post-production services (*) 58,43952,237117,931102,577 Pre-production implementation services (**) 6,39910,2449,90220,788 Total Gross profit 64,83862,481127,833123,365 Three months endedSix months endedJune 30,June 30,2025202420252024 Software products and re-occurring post-production services (*) 53.2 %53.3 %54.1 %53.3 % Pre-production implementation services (**) 20.2 %26.4 %16.6 %26.4 % Gross Margin 45.8 %45.7 %46.0 %45.5 % (*) Software products and re-occurring post-production services include mainly subscription, term license, maintenance, application maintenance, cloud solutions and post-production services. This revenue stream is a mix of recurring and re-occurring in nature. (**) Pre-production implementation services include mainly implementation services before go-live, which are one-time in nature. Adjusted Free Cash-FlowU.S. dollars in thousands Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024 Cash-flow from operating activities 1,87325,35342,10913,0838,545 Increase in capitalized software development costs (1,788)(1,942)(1,759)(1,834)(1,823) Capital expenditures (1,003)(366)(419)(1,125)(666) Free cash-flow (918)23,04539,93110,1246,056 Cash payments attributed to acquisition-related costs(*) (**) 626-1,238124134 Adjusted free cash-flow (292)23,04541,16910,2486,190 (*) Included in cash-flow from operating activities (**) Acquisition-related payments pertain to charges on behalf of M&A agreements related to future performance targets and retention criteria, as well as completed or prospective third-party services, such as tax, accounting and legal rendered. SAPIENS INTERNATIONAL CORPORATION N.V. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET U.S. dollars in thousandsJune 30,December 31,20252024 (unaudited) (unaudited) ASSETS CURRENT ASSETSCash and cash equivalents64,541163,690Short-term bank deposit10,00052,500Trade receivables, net and unbilled receivables134,94999,603Other receivables and prepaid expenses30,33419,350Total current assets239,824335,143 LONG-TERM ASSETSProperty and equipment, net11,19510,656Severance pay fund3,0653,208Goodwill and intangible assets, net439,166302,472Operating lease right-of-use assets22,76620,746Other long-term assets23,62819,486Total long-term assets499,820356,568 TOTAL ASSETS739,644691,711 LIABILITIES AND EQUITY CURRENT LIABILITIESTrade payables11,6158,414Current maturities of Series B Debentures19,80419,796Accrued expenses and other liabilities91,28677,390Current maturities of operating lease liabilities7,2846,440Deferred revenue44,69737,543Total current liabilities174,686149,583 LONG-TERM LIABILITIESSeries B Debentures, net of current maturities-19,792Deferred tax liabilities13,7106,899Other long-term liabilities11,26010,331Long-term operating lease liabilities18,28917,719Accrued severance pay9,5807,758Total long-term liabilities52,83962,499 REDEEMABLE NON-CONTROLLING INTEREST13,809- EQUITY 498,310479,629 TOTAL LIABILITIES AND EQUITY739,644691,711 SAPIENS INTERNATIONAL CORPORATION N.V. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWU.S. dollars in thousands For the six months ended June 30,20252024(unaudited)(unaudited) Cash flows from operating activities:Net income 32,42036,118 Reconciliation of net income to net cash provided by operating activities:Depreciation of property and equipment 2,0362,192 Amortization of intangible assets and capitalized software 8,9368,157 Accretion of discount on Series B Debentures 1222 Capital (gain) loss from sale of property and equipment 1(9) Stock-based compensation related to options issued to employees 1,6921,583 Net changes in operating assets and liabilities, net of amount acquired:Increase in trade receivables, net and unbilled receivables (13,047)(12,723) Decrease in deferred tax liabilities, net (1,874)(1,428) Decrease in other operating assets 1,0113,445 Increase in trade payables 1,5044,446 Decrease in other operating liabilities (8,290)(8,354) Increase (decrease) in deferred revenues 1,966(6,587) Increase in accrued severance pay, net 859171 Net cash provided by operating activities 27,22627,033 Cash flows from investing activities:Purchase of property and equipment (1,399)(1,146) Proceeds from deposits 42,39012,136 Proceeds from sale of property and equipment 2714 Payments for business acquisitions, net of cash acquired (106,189)(375) Capitalized software development costs (3,730)(3,540) Net cash provided by (used in) investing activities (68,901)7,089 Cash flows from financing activities:Proceeds from employee stock options exercised -98 Distribution of dividend (37,037)(15,635) Repayment of Series B Debenture (19,796)(19,796) Acquisition deferred payment (455)- Acquisition of non-controlling interest -(4,131) Net cash used in financing activities (57,288)(39,464) Effect of exchange rate changes on cash and cash equivalents (186)1,272 Decrease in cash and cash equivalents (99,149)(4,070) Cash and cash equivalents at the beginning of period 163,690126,716 Cash and cash equivalents at the end of period 64,541122,646 Debentures Covenants As of June 30, 2025, 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 $498.3 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 (12.25)%. 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 (0.54). Logo: View original content: SOURCE Sapiens International Corporation 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
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MasterCraft Boat Holdings, Inc. to Webcast Fiscal Fourth Quarter and Full Year 2025 Earnings Conference Call Wednesday, August 27, 2025
Live webcast at 8:30 a.m. EDT VONORE, Tenn., Aug. 13, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the 'Company') will host a live webcast of its fiscal fourth quarter and full year 2025 earnings conference call on Wednesday, August 27, 2025, at 8:30 a.m. EDT. Brad Nelson, Chief Executive Officer and Scott Kent, Chief Financial Officer, will discuss the Company's financial results. The Company will issue a pre-market earnings release prior to the call on August 27, 2025. Participants may access the conference call live via webcast on the investor section of the Company's website, on the day of the conference call by clicking on the webcast icon. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website. About MasterCraft Boat Holdings, in Vonore, Tenn., MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) is a leading innovator, designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest, and Balise. For more information about MasterCraft Boat Holdings, and its three brands, visit: and Investor Contact:MasterCraft Boat Holdings, investorrelations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
