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Magic Software: Q1 Earnings Snapshot
May 10, 2021
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OR YEHUDA, Israel (AP) Magic Software Enterprises Ltd. (MGIC) on Monday reported first-quarter earnings of $7.5 million.
On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 15 cents. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.
The business process integration software company posted revenue of $107.3 million in the period.
Magic Software expects full-year revenue in the range of $425 million to $435 million.
Magic Software shares have risen 2.5% since the beginning of the year. The stock has climbed 73% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGIC at https://www.zacks.com/ap/MGIC
Magic Software Introduces FactoryEye,. Magic Software Enterprises Ltd, ( NASDAQ and TASE: MGIC ), a global provider of end-to-end integration platform solutions and IT consulting services, introduces FactoryEye to North American manufacturers. Powered by a dynamic IIoT (Industrial Internet of Things) platform, FactoryEye collects real-time data from existing machinery and operational systems and transforms it into actionable intelligence for immediate results and continuous improvement in the manufacturing process. The solution brings the benefits of Industry 4.0 connectivity to mid-sized manufacturers in several industry verticals, including automotive parts, food & beverage, medical devices, metal processing, packaging, plastics & rubber and specialty manufacturing. FactoryEye leverages Magic Software’s four decades of industry knowledge, integration technologies and deployment of mission-critical systems to thousands of companies around the globe. With pre
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net .
Formula Systems (1985) Ltd.March 17, 2021 GMT
OR YEHUDA, Israel, March 17, 2021 (GLOBE NEWSWIRE) Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2020.
Financial Highlights for the Fourth Quarter Ended December 31, 2020
Consolidated revenues for the fourth quarter increased by 21.2% to a record breaking $543.2 million. Revenues for the fourth quarter ended December 31, 2019 amounted to $448.2 million.
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