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.

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Earnings data Q4 2023

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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 (MGIC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Magic Software (MGIC) Upgraded to Buy: Here's What You Should Know

Magic Software Announces Filing of 2021 Annual Report

Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Vice President, Technology and Innovation Conference Call Participants Tavy Rosner - Barclays Operator Welcome to Magic Software Enterprises 2022 First Quarter Financial Results Conference Call.

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q1 2022 Results - Earnings Call Transcript

Magic Software (MGIC) delivered earnings and revenue surprises of 8.33% and 7.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Beats Q1 Earnings and Revenue Estimates

Operating income for the first quarter increased 31% year over year to a record breaking $15.9 million; Non-GAAP operating income for the first quarter increased 26% year over year to a record-breaking first quarter result of $18.9 million Operating income for the first quarter increased 31% year over year to a record breaking $15.9 million; Non-GAAP operating income for the first quarter increased 26% year over year to a record-breaking first quarter result of $18.9 million

Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year Growth

Magic Software Enterprises Ltd.'s (MGIC) CEO Guy Bernstein on Q4 2021 Results - Earnings Call Transcript

Magic Software (MGIC) delivered earnings and revenue surprises of 0% and 5.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Meets Q4 Earnings Estimates

Operating income for the year increased 26.2% year over year to a record breaking $51.2 million; Non-GAAP operating income for the year increased 27% year over year to a record-breaking $66.8 million

Magic Software Reports Fourth Quarter and Full Year 2021 Financial Results with Record-Breaking Annual Revenues of $480.3 Million Reflecting 29.4% Year Over Year Growth

Magic Software Enterprises (MGIC) has been struggling lately, but the selling pressure may be coming to an end soon.

Magic Software Enterprises (MGIC) Sees Hammer Chart Pattern: Time to Buy?

Magic Software (MGIC) could produce exceptional returns because of its solid growth attributes.

Is Magic Software (MGIC) a Solid Growth Stock? 3 Reasons to Think " Yes "

Magic Software (MGIC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Here's Why Momentum in Magic Software (MGIC) Should Keep going

Magic Software (MGIC) delivered earnings and revenue surprises of 14.29% and 6.97%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Beats Q3 Earnings and Revenue Estimates

Magic Software Enterprises Ltd.'s (MGIC) CEO Guy Bernstein on Q3 2021 Results - Earnings Call Transcript

Operating income for the third quarter increased 9% year over year to $12.0 million; Non-GAAP operating income for the third quarter increased 14% year over year to a record-breaking $16.2 million

Magic Software Reports Third Quarter 2021 Financial Results with Record-Breaking Revenues of $120.9 million - a 27.4% Year Over Year Increase

Magic Software (MGIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Magic Software (MGIC) to Report Q3 Results: Wall Street Expects Earnings Growth

As part of Asseco's Formula Systems assets, Magic Software has delivered soundly in their businesses with over 20% in organic revenue growth. With exposure to business transformation initiatives, related substantially to acquisition activity, Magic is likely to continue to deliver.

Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics Strength

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q2 2021 Results - Earnings Call Transcript

Magic Software (MGIC) delivered earnings and revenue surprises of 9.52% and 11.20%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Magic Software (MGIC) Beats Q2 Earnings and Revenue Estimates

The shares of Magic Software Enterprises Ltd. (NASDAQ: MGIC) increased by over 9% pre-market.

Magic Software Increases Over 9% Pre-Market: Why It Happened

Operating Income for the second quarter increased 29% year over year to $12.7 million; Non-GAAP operating income for the second quarter increased 30% year over year to $15.9 million

Magic Software Reports Second Quarter 2021 Financial Results with Record-Breaking Revenues for The Second Quarter of $119.2 million - a 37.7% Year Over Year Increase

Magic Software (MGIC) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Or Yehuda, Israel, May 13, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT consulting services, announced today that it has filed its annual report containing audited consolidated financial statements for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. The annual report is available on the Company's website (www.magicsoftware.com). Shareholders may receive a hard copy of the annual report free of charge upon request.

Magic Software Announces Filing of 2020 Annual Report

Magic Software Enterprises' (MGIC) CEO Guy Bernstein on Q1 2021 Results - Earnings Call Transcript

OR YEHUDA, Israel, May 10, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms solutions and IT consulting services, announced today its financial results for the first quarter ended March 31, 2021.

Magic Software Reports First Quarter 2021 Financial Results

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