reports
Formula Systems Reports Second Quarter and First Half 2024 Financial R...
Formula Systems Reports Second Quarter and First Half 2024 Financial Results Operating Income for the Second Quarter Increased by 8.4% Year Over Year to a Second Quarter Record Breaking $65 million. Net Income Attributable to Formula Systems Shareholders for the Second Quarter Increased by 10.7% Year Over Year to a Second Quarter Record-Braking $18.8 million. OR YEHUDA, Israel, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in prov...
Publication of Draft Agreement with Trustee for Potential New Israeli ...
Publication of Draft Agreement with Trustee for Potential New Israeli Debenture Series OR YEHUDA, Israel, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (“Formula”) published with the Tel Aviv Stock Exchange (the “TASE”) and the Israel Securities Authority (the “ISA”) a draft agreement with a trustee for a new series of secured, non-convertible debentures—Series D Debentures— that may potentially be issued by Formula in Israel. The Series D Debentures would be secured by a first lien on certain shares of certain publicly-traded subsidiaries held by Formula—specifically, Ma...
Formula Systems Reports First Quarter 2024 Financial Results
Formula Systems Reports First Quarter 2024 Financial Results Revenues for the First Quarter Increased by 4.2% Year Over Year to $698.4 Million. Net Income for the First Quarter Increased by 9.4% Year Over year to $17.2 Million. OR YEHUDA, Israel, May 22, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced ...
Formula Systems Announces Filing of 2023 Annual Report
Formula Systems Announces Filing of 2023 Annual Report Or Yehuda, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that it has filed its annual report containing audited consolidated financial statements for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission...
Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Re...
Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results Revenues for the full year increased by 1.9% (or 8.4% on a constant currency basis) Year over year to a record-breaking result of $2.6 billion with Net Income for the year reaching $64 million OR YEHUDA, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Or Yehuda, Israel, March 19, 2024 – Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based bu...
Formula Systems Reports Third Quarter and Nine Months 2023 Financial R...
Formula Systems Reports Third Quarter and Nine Months 2023 Financial Results: Revenues for the Third Quarter Increased by 4.3% (or 10.8% on a constant currency basis) Year Over Year to a third-quarter record-breaking $654.8 Million with Net Income for the Third Quarter reaching $15.6 million. OR YEHUDA, Israel, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solut...
Formula Systems Reports Second Quarter and First Half 2023 Financial R...
Formula Systems Reports Second Quarter and First Half 2023 Financial Results Revenues for the Second Quarter Increased by 3% (or 9.1% on a constant currency basis) Year Over Year to a second-quarter record-breaking $655.4 Million with Net Income for the Second Quarter reaching $17.0 million OR YEHUDA, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutio...
Formula Systems Reports First Quarter 2023 Financial Results: Revenues...
Formula Systems Reports First Quarter 2023 Financial Results: Revenues for the First Quarter Increased by 3% Year Over Year to a Record-Breaking $670.4 Million Operating Income for the First Quarter Increased by 2.3% Year Over Year to a Record-Breaking $60.8 million OR YEHUDA, Israel, May 23, 2023 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing propriet...
Formula Systems Reports Fourth Quarter and Full Year 2022 Financial Re...
Formula Systems 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 49.1% year over year to a record-breaking result of $81.4 million OR YEHUDA, Israel, March 16, 2023 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and...
Formula Systems Reports Third Quarter and Nine Months 2022 Financial R...
Formula Systems Reports Third Quarter and Nine Months 2022 Financial Results OR YEHUDA, Israel, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group 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 third quarter and nine-month period ended September 30, 2022. Financial Highlights for the Third Quarter Ended September 30, 2022...
Formula Systems Reports Second Quarter and First Half 2022 Financial R...
Formula Systems Reports Second Quarter and First Half 2022 Financial Results: Net Income for the Second Quarter Reached $32.9 Million Double-digit growth recorded across all key financial indices for the first half: revenues, gross profit, operating income, and net income attributable to Formula’s shareholders. OR YEHUDA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and d...
Formula Systems Reports First Quarter 2022 Financial Results: Record-B...
Formula Systems Reports First Quarter 2022 Financial Results: Record-Breaking Net Income of $16.2 Million Double-digit growth in all financial indices. Revenues increased by 14.8% to $657.6 million. Net income increased by 30.7% year over year to a record-breaking $16.2 million Or Yehuda, Israel, May 18, 2022 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq: FORTY), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, tod...
Formula Systems Files Annual Report On Form 20-F For The Year Ended De...
Formula Systems Files Annual Report On Form 20-F For The Year Ended December 31, 2021 Or Yehuda, Israel, May 16, 2022 (GLOBE NEWSWIRE) -- (), a global information technology company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that it has filed its annual report on Form 20-F for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission, or the SEC. The annual report on Form 20-F, which contains Formula Systems’ aud...
Formula Systems Reports Fourth Quarter and Full Year 2021 Financial Re...
Formula Systems Reports Fourth Quarter and Full Year 2021 Financial Results with Annual Net Income of $54.6 Million Record breaking revenues and operating income for the quarter and for the full year OR YEHUDA, Israel, March 16, 2022 (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...
Formula Systems Reports Third Quarter 2021 Financial Results
Formula Systems Reports Third Quarter 2021 Financial Results Or Yehuda, Israel, Nov. 18, 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 third quarter and nine-month period ended September 30, 2021. Financial Highlights for the Third Quarter Ended September 30, 2021 ●Consolidated revenues for the third quarte...
Formula Systems Reports Second Quarter 2021 Financial Results: Record-...
Formula Systems Reports Second Quarter 2021 Financial Results: Record-Breaking Results with Double Digit Growth Across All Key Financial Indices OR YEHUDA, Israel, Aug. 19, 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 second quarter and six months-period ended June 30, 2021. Financial Highlights for the Seco...
Formula Systems Reports First Quarter 2021 Financial Results: Record-B...
Formula Systems Reports First Quarter 2021 Financial Results: Record-Breaking Results With Double Digit Growth Across All Key Financial Indices OR YEHUDA, Israel, May 20, 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 first quarter ended March 31, 2021. Financial Highlights for the First Quarter Ended Marc...
Formula Systems Reports Fourth Quarter and full year 2020 Financial Re...
Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net Income of $46.8 million, a 20% growth year over year The results for the fourth quarter and for the full year 2020 reflect double digit growth in revenues, gross profit, operating income and net income. 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 propri...
Formula Systems Reports Third Quarter 2020 Financial Results
Formula Systems Reports Third Quarter 2020 Financial Results Operating income for the third quarter increased by 23% year-over-year to a record breaking $45.4 million. Net income attributable to Formula’s Shareholders for the third quarter increased by 29% year-over-year to a record breaking $12.6 million. Or Yehuda, Israel, Nov. 18, 2020 (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 dev...
Formula Systems Reports Second Quarter and First Half 2020 Financial R...
Formula Systems Reports Second Quarter and First Half 2020 Financial Results Operating income for the second quarter increased 24% year-over-year to a record breaking $40.7 million. Net income attributable to Formula’s Shareholders for the second quarter increased 24% year-over-year to a record breaking $11.2 million. OR YEHUDA, Israel, Aug. 18, 2020 (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 solution...
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