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 2024

Magic Software Enterprises Achieves Record Q1 Revenues, Eyes Diversification

Magic Software Enterprises achieved record-high revenues and operating income in Q1 2023, driven by growth in the North American operation. The company's focus on diversifying revenues, improved recruiting success, and stabilized salaries indicate a positive trajectory. However, challenges related to seasonal revenue fluctuations and potential acquisitions require careful navigation.

Magic Software reports Q2 revenue growth and plans for expansion

MGIC's Q2 2023 performance showed revenue growth and increased profitability. Despite challenges in North America, the company's focus on digital technologies and cloud services positions it for future growth. The updated revenue guidance and signs of improvement in the U.S. market indicate potential opportunities for expansion.

MGIC reports Q3 revenue decline, maintains strong margins, eyes cloud market

MGIC faced revenue decline in Q3 2023 due to currency fluctuations, reduced demand, and employee drafting. However, the company maintained a strong gross margin and healthy cash position. Challenges include limited ability to transfer work and unexpected decline in demand. Despite this, opportunities lie in the expanding managed cloud services market.

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Magic Software Enterprises Ltd. (MGIC) Q4 2023 Earnings Call Transcript

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.

Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results

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.

Magic Software to Announce Fourth Quarter and Full year 2023 Financial Results on March 13th, 2024

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Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Conference Call Participants Chris Reimer - Barclays Operator Ladies and gentlemen, thank you for standing by.

Magic Software Enterprises Ltd. (MGIC) Q3 2023 Earnings Call Transcript

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.

Magic Software Reports 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.

MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS

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

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