Magic Software Enterprises

Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments. The Software Services segment includes proprietary and non-proprietary software technology and complementary services. The IT Professional Services segment offers services in the areas of infrastructure design and delivery; application development; technology planning and implementation services; communications services and solutions; and supplemental staffing services. The company was founded by David Assia on February 10, 1983 and is headquartered in Or Yehuda, Israel.

Earnings data Q1 2021

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Earnings data Q4 2024

Magic Software Enterprises achieves record-breaking revenues in Q4 2022

Magic Software Enterprises delivered exceptional Q4 2022 results, driven by strong revenue growth and improved gross margins.
While facing challenges in operating income and debt levels, the company remains well-positioned for future growth.
With a diversified revenue mix and positive revenue guidance for 2023, Magic Software Enterprises shows resilience and potential for expansion.

Magic Software Enterprises reports Q1 revenue growth and strategic focus

Magic Software Enterprises showed resilience with revenue growth and improved margins in Q1 2023.
While facing challenges in certain sectors, the company's focus on mature industries and financial strength are notable.
Opportunities lie in revenue diversification, cloud services growth, and strategic acquisitions for future expansion.

Magic Software Enterprises reports steady Q2 growth amidst market challenges

Magic Software Enterprises demonstrated resilience with revenue growth and improved profitability in Q2 2023.
While facing challenges in North America, the company's strong financial position and strategic focus on cloud services offer opportunities for future growth.
Adjusting revenue guidance reflects proactive management in navigating market dynamics and maximizing shareholder value.

Magic Software Enterprises reports revenue decline but maintains strong margins

Magic Software Enterprises faced revenue challenges in Q3 2023 but maintained strong margins and operational efficiency.
The company's cash position and dividend payments reflect financial stability and commitment to shareholders.
While facing headwinds, opportunities exist in market diversification, operational optimization, and strategic partnerships.
Addressing challenges like revenue decline and higher financial expenses will be crucial for sustained growth and profitability.

Magic Software Enterprises meets Q4 revenue targets amidst market challenges

Magic Software Enterprises navigated challenges in Q4 2023 with resilience, meeting revenue guidance targets and maintaining profitability.
While facing revenue declines, the company demonstrated operational strength with a focus on digital technologies and cloud-based solutions for future growth.
Opportunities lie in the managed cloud services market, revenue growth projections for 2024, and the company's strong financial position with cash reserves for strategic investments.
Addressing challenges in specific markets and leveraging strengths in operational efficiency will be key for Magic Software Enterprises to drive future growth and profitability.

Magic Software Enterprises faced revenue decline in Q1 2024 due to currency effects and reduced U.S. demand, but maintained a strong operating margin and gross margin.
Strengths in Israeli operations and a healthy cash position provide stability, while challenges in North America and slight net income decrease require attention.
Opportunities lie in potential market recovery in North America, strategic investments fueled by cash reserves, and addressing currency impact for future growth.

Magic Software Enterprises reports Q2 revenue decline but maintains profitability

Magic Software Enterprises faced revenue decline in Q2 2024 due to currency headwinds and reduced demand from U.S. blue-chip customers.
However, the company demonstrated strength in Israel and North America, with solid operating margins and a healthy cash position.
Challenges include regional revenue fluctuations and reliance on Professional Services for revenue generation.
Opportunities lie in potential growth on a constant currency basis, market expansion, and maintaining strong profitability.

Magic Software Enterprises reports strong Q3 growth, eyes market expansion

Magic Software Enterprises delivered a solid performance in Q3 2024, with revenue growth driven by demand for cloud and AI services in Israel and stable U.S. sentiment.
The company maintained strong operating margins and profitability, with a positive outlook for revenue guidance and cash reserves for future investments.
While facing challenges in the U.S. market, Magic Software Enterprises has opportunities for growth in Israel and expanding its client base, supported by market trends.
To sustain success, the company needs to address challenges in the U.S., enhance operational efficiency, and capitalize on emerging technologies for continued growth.

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Magic Software Enterprises Ltd. engages in developing and providing software platforms. It operates through the Software Services and Information Technology (IT) Professional Services segments. The Software Services segment includes proprietary and non-proprietary software technology and complementary services. The IT Professional Services segment offers services in infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental staffing services. The company was founded by David Assia on February 10, 1983 and is headquartered in Or Yehuda, Israel.

Magic Software Enterprises is an IT product and solutions provider with a history of growth through small acquisitions. The stock has a low forward P/E ratio of 9.2 and a high dividend yield of 6.40%. The company's financials are mostly stable, with a healthy EBIT margin and stable revenues.

Magic Software: A Cheap IT Pick With A High Dividend Yield

Magic Software (MGIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Magic Software (MGIC) Stock Jumps 6.2%: Will It Continue to Soar?

Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q2 2023 Earnings Conference Call August 14, 2023 9:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Chief Technology Officer Conference Call Participants Chris Reimer - Barclays Maggie Nolan - William Blair Operator Ladies and gentlemen, thank you for standing by.

Magic Software Enterprises Ltd. (MGIC) Q2 2023 Earnings Call Transcript

Revenues for the second quarter of 2023 increased by approximately 0.4 % to a record-breaking second quarter result of $ 137 . 6  million and 4.4% on a constant currency basis , compared to $ 137 . 0  million in the same period of the previous year.

Magic Software Reports Second Quarter 2023 Financial Results

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Redfin's stock has risen 83% year-to-date, however, the company is expected to lose $1.19 per share this year, and $0.99 per share next year. MGIC, a housing stock, is expected to earn $2.14 per share this year and $2.24 per share next year, making it a more attractive investment according to the author. Despite Redfin's high web traffic and market share, the company's earnings losses and negative book value make it a less appealing investment compared to MGIC.

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Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q1 2023 Earnings Conference Call May 18, 2023 10:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Conference Call Participants Chris Reimer - Barclays Maggie Nolan - William Blair Mike Silver - Kensington Capital Corp Operator Welcome to Magic Software Enterprises 2023 First Financial Results Conference Call.

Magic Software Enterprises Ltd. (MGIC) Q1 2023 Earnings Call Transcript

Magic Software (MGIC) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.26 per share a year ago.

Magic Software (MGIC) Lags Q1 Earnings and Revenue Estimates

Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to $138.7 million in the same period of the previous year Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to $138.7 million in the same period of the previous year

Magic Software Reports First Quarter 2023 Financial Results

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Magic Software (MGIC) delivered earnings and revenue surprises of 7.69% and 2.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Q4 Earnings and Revenues Surpass Estimates

Net income for the year increased by 38.6% year over year to a record-breaking result of $40.7 million; non-GAAP net income for the year increased by 13% year over year to a record-breaking result of $52.0 million Net income for the year increased by 38.6% year over year to a record-breaking result of $40.7 million; non-GAAP net income for the year increased by 13% year over year to a record-breaking result of $52.0 million

Magic Software Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)

Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q4 2022 Earnings Conference Call March 9, 2023 10:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Chief Technology Officer Conference Call Participants Chris Reimer - Barclays Kate Cranston - William Blair Operator Ladies and gentlemen, thank you for standing by.

Magic Software Enterprises Ltd. (MGIC) Q4 2022 Earnings Call Transcript

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Magic Software Enterprises (MGIC) Right Now?

Is Magic Software Enterprises (MGIC) a great pick from the value investor???s perspective right now?

Is Magic Software Enterprises (MGIC) a Good Pick for Value Investors?

Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q3 2022 Earnings Conference Call November 14, 2022 10:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Yuval Lavi - Vice President of Technology and innovation Conference Call Participants Chris Reimer - Barclays Bank PLC Operator Welcome to Magic Software Enterprises' 2022 Third Quarter Financial Results Conference Call.

Magic Software Enterprises Ltd. (MGIC) Q3 2022 Earnings Call Transcript

Magic Software (MGIC) delivered earnings and revenue surprises of 3.70% and 9.31%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Q3 Earnings and Revenues Top Estimates

Operating income for the third quarter increased by 34% year-over-year to a record-breaking result of $16.1 million; Non-GAAP operating income for the third quarter increased by 14% year-over-year to a third quarter record-breaking result of $18.5 million Operating income for the third quarter increased by 34% year-over-year to a record-breaking result of $16.1 million; Non-GAAP operating income for the third quarter increased by 14% year-over-year to a third quarter record-breaking result of $18.5 million

Magic Software Reports Third Quarter 2022 Financial Results with Record Breaking Revenues of $144 Million, Reflecting a 19% Year-Over-Year Growth. Net income reached a record-breaking $11.5 Million, Reflecting 53% Year-Over-Year Growth

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Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Guy Bernstein - CEO Asaf Berenstin - CFO Yuval Lavi - VP, Technology and Innovation Conference Call Participants Tavy Rosner - Barclays Maggie Nolan - William Blair Operator Ladies and gentlemen, thank you for standing by.

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q2 2022 Results - Earnings Call Transcript

Magic Software (MGIC) delivered earnings and revenue surprises of -11.11% and 4.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Q2 Earnings Miss Estimates

Operating income for the second quarter increased by 16% year over year to a record second quarter result of $14.7 million; Non-GAAP operating income for the second quarter increased by 10% year over year to a record second quarter result of $17.6 million Operating income for the second quarter increased by 16% year over year to a record second quarter result of $14.7 million; Non-GAAP operating income for the second quarter increased by 10% year over year to a record second quarter result of $17.6 million

Magic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Reflecting a 15% Year Over Year Growth

News for Magic Software Enterprises Stock (MGIC)