reports
Magic Software Reports First Quarter 2025 Financial Results
Magic Software Reports First Quarter 2025 Financial Results OR YEHUDA, Israel, May 21, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2025. Summary Results for the First Quarter 2025 (USD in millions, except per share data) GAAP Non-GAAP Q1 2025Q1 2024% Change Q1 2025Q1 2024% ChangeRevenues$147.3$130....
Magic Software Files Annual Report on Form 20-F for the Year Ended Dec...
Magic Software Files Annual Report on Form 20-F for the Year Ended December 31, 2024 OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (Nasdaq and TASE: MGIC) (“Magic Software” or the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on Wednesday, May 14, 2025. The annual report on Form 20-F, which contains...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Lockout Rally Continues As discussed for the past two weeks, we are seeing more and more signs that lead us to believe the S&P 500 (SPX) made a major bottom at 4800-4820, which is where we initially discussed in our 4/8/25 Compass to look for a local bottom to develop. We have been short-term bullish since our 4/22/25 Compass -- when the SPX was testing 5100-5120 support -- but now we are upgrading our intermediate-term outlook to bullish as well. We titled last week's 5/6/25 Compass "Lockout R...
Magic Software Reports Fourth Quarter and Full Year 2024 Financial Res...
Magic Software Reports Fourth Quarter and Full Year 2024 Financial Results OR YEHUDA, Israel, March 11, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2024. Summary Results for the Fourth Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q4 2024Q4 2023% Change Q4 2024Q4 2023% ChangeRevenues$142.6 $125.5 ...
Magic Software and Matrix I.T sign MOU to Consider Merger
Magic Software and Matrix I.T sign MOU to Consider Merger NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. Or Yehuda, Israel, March 10, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it signed an Memorandum of Understanding (“MOU“) with respect to a proposed merger with Matrix I.T Ltd. (TASE: MTRX). Magic is pleased t...
Magic Software Reports Third Quarter and First Nine Months Period Ende...
Magic Software Reports Third Quarter and First Nine Months Period Ended September 30, 2024 Financial Results OR YEHUDA, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the third quarter and first nine months period ended September 30, 2024. Summary Results for the Third Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q3 2024Q3 2023% C...
Magic Software Reports Second Quarter and First Half 2024 Financial Re...
Magic Software Reports Second Quarter and First Half 2024 Financial Results OR YEHUDA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the second quarter and first half ended June 30, 2024. Summary Results for the Second Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q2 2024Q2 2023% Change Q2 2024Q2 2023% ChangeRevenues$136.3 $137....
Magic Software to Announce 2024 Second Quarter Financial Results on Au...
Magic Software to Announce 2024 Second Quarter Financial Results on August 14th, 2024 Or Yehuda, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code application development platforms, announced today that it will report its financial results for the second quarter of 2024 on Wednesday, August 14th ,2024. Management will host a conference call on Wednesday, August 14th, 2024 at 10:30 a.m. Eastern Daylight Time (17:30 p.m. Israel Daylight Time) to review and...
CORRECTION: Magic Software Reports First Quarter 2024 Financial Result...
CORRECTION: Magic Software Reports First Quarter 2024 Financial Results OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), please note that the company has updated the dividend payout date. The dividend payable date has been advanced to July 11, 2024, from July 13, 2024. The corrected release is as follows: Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application develo...
Magic Software Reports First Quarter 2024 Financial Results
Magic Software Reports First Quarter 2024 Financial Results OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2024. Summary Results for the First Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q1 2024Q1 2023% Change Q1 2024Q1 2023% ChangeRevenues$130.7$142.4(8.2%) $130.7$142.4(8.2%)Gross prof...
Magic Software Reports Fourth Quarter and Full Year 2023 Financial Res...
Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results OR YEHUDA, Israel, March 13, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2023. Summary Results for the Fourth Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q4 2023Q4 2022% Change Q4 2023Q4 2022% ChangeRevenues$125.5 $147.1 (14...
Magic Software to Announce Fourth Quarter and Full year 2023 Financial...
Magic Software to Announce Fourth Quarter and Full year 2023 Financial Results on March 13th, 2024 Or Yehuda, Israel, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code application development platforms, announced today that it will report its financial results for the fourth quarter and full year 2023 on Wednesday, March 13th ,2024. Management will host a conference call on Wednesday, March 13th, 2024 at 11:00 a.m. Eastern Daylight Time (17:00 p.m. Israel Daylight...
Magic Software Reports Third Quarter 2023 Financial Results
Magic Software Reports Third Quarter 2023 Financial Results OR YEHUDA, Israel, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the third quarter ended September 30, 2023. Summary Results for the Third Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q3 2023Q3 2022% Change Q3 2023Q3 2022% ChangeRevenues$129.5 $144.0 (10.1%) $129.5 $144.0 ...
MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINAN...
MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS Company will announce results for the third quarter of 2023 on November 14, 2023 Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023. “During the latter half of the third quarter of 2023, we ex...
Magic Software Reports Second Quarter 2023 Financial Results
Magic Software Reports Second Quarter 2023 Financial Results 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. Operating income for the second quarter of 2023 increased by approximately 3.2% to a record-breaking second quarter result of $15.4 million and 7.3% on a constant currency basis, compared to $15.0 million in the same period of the previous year. OR YEHUDA, Israel, Aug. 14, 2023 (GLOBE NEWSWI...
Magic Software Reports First Quarter 2023 Financial Results
Magic Software Reports First Quarter 2023 Financial Results 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 OR YEHUDA, Israel, May 18, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the first quarter ended March 31, 2023. Summary ...
Magic Software Reports Fourth Quarter and Full Year 2022 Financial Res...
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) 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 OR YEHUDA, Israel, March 09, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consultin...
Magic Software Reports Third Quarter 2022 Financial Results with Recor...
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 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 OR YEHUDA, Israel, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (Nasdaq and TASE...
Magic Software Reports Second Quarter 2022 Financial Results with Reco...
Magic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Reflecting a 15% Year Over Year Growth 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 OR YEHUDA, Israel, Aug. 11, 2022 (GLOBE NEWSWIRE) -- . ( and ), a global provider of IT consulting services and end-to-end and platforms solutions, announced today its for the secon...
Magic Software Announces Filing of 2021 Annual Report
Magic Software Announces Filing of 2021 Annual Report PRESS RELEASE Or Yehuda, Israel, May 12, 2022 (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, 2021 with the U.S. Securities and Exchange Commission. The annual report is available on the Company’s website (). Shareholders may receive a hard copy of the annual re...
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