Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies. It also markets and sells computers and peripheral equipment to business customers. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, it provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions and digital insurance suites. Additionally, the company offers application development and business process integration platforms; vertical software solutions; software services and information technologies outsourcing software services; and professionals in various areas, as well as develops on-premise payroll software solutions. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
IPO Year:
Exchange: NASDAQ
Website: formulasystems.com
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
6-K - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
20-F - FORMULA SYSTEMS (1985) LTD (0001045986) (Filer)
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 providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the second quarter and first half period ended June 30, 2024. Financial Highlights for the Second Quarter Ended June 30, 2024 Revenues for the second quarter ended June 30, 2024 increased by 1.9% to $667.7 million, compared to $655.4 million in the same period last year. On a constant-currency basis (calculated
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, Matrix IT Ltd., Sapiens International Corporation N.V., and Magic Software Enterprises Ltd.— with the number of pledged shares to be determined based on a loan-to-value ratio that will not exc
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 its results for the first quarter ended March 31, 2024. Financial Highlights for the First Quarter Ended March 31, 2024 Revenues for the first quarter ended March 31, 2024 increased by 4.2% to $698.4 million, compared to $670.4 million in the same period last year. On a constant-currency basis (calculated based on average curren
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. The annual report is available on the Company's website (www.formulasystems.com). Shareholders may receive a hard copy of the annual report free of charge u
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 business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2023. Financial Highlights for the Fourth Quarter Ended December 31, 2023 Consolidated revenues for the fourth quarter ended December 31, 2023 amounted to $640.3 million, compared to $657.1 million in the same period last ye
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 solutions and developing proprietary software products, today announced its results for the third quarter and nine-month period ended September 30, 2023. Financial Highlights for the Thi
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 solutions and developing proprietary software products, today announced its results for the second quarter and six month-period ended June 30, 2023. Financial Highlights for the Second Quarter Ended June 30, 2023 Consolidated revenues for the second quarter ended June 30, 2023 increased by approximately 2.9% to a second-quarter record-breaking $655.4 million, compared to $636.9 million in the s
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 proprietary software products, today announced its results for the first quarter ended March 31, 2023. Financial Highlights for the First Quarter Ended March 31, 2023 Consolidated revenues for the first quarter ended March 31, 2023 increased by approximately 3.0% to $670.4 million, compared to $650.7 million in the same period last year. On a constant currency basis (calculat
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 computer-based business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2022. Financial Highlights for the Fourth Quarter Ended December 31, 2022 Consolidated revenues for the fourth quarter ended December 31, 2022 decreased by 3.6% to $633.9 million, compared to $657.6 million in the same period last year. On a constant currency b
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 Consolidated revenues for the third quarter ended September 30, 2022, increased by 8.5% to $636.3 million, compared to $586.3 million in the same period last year.Consolidated
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G/A - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
SC 13G - FORMULA SYSTEMS (1985) LTD (0001045986) (Subject)
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 providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the second quarter and first half period ended June 30, 2024. Financial Highlights for the Second Quarter Ended June 30, 2024 Revenues for the second quarter ended June 30, 2024 increased by 1.9% to $667.7 million, compared to $655.4 million in the same period last year. On a constant-currency basis (calculated
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 its results for the first quarter ended March 31, 2024. Financial Highlights for the First Quarter Ended March 31, 2024 Revenues for the first quarter ended March 31, 2024 increased by 4.2% to $698.4 million, compared to $670.4 million in the same period last year. On a constant-currency basis (calculated based on average curren
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 business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2023. Financial Highlights for the Fourth Quarter Ended December 31, 2023 Consolidated revenues for the fourth quarter ended December 31, 2023 amounted to $640.3 million, compared to $657.1 million in the same period last ye
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 proprietary software products, today announced its results for the first quarter ended March 31, 2023. Financial Highlights for the First Quarter Ended March 31, 2023 Consolidated revenues for the first quarter ended March 31, 2023 increased by approximately 3.0% to $670.4 million, compared to $650.7 million in the same period last year. On a constant currency basis (calculat
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 Consolidated revenues for the third quarter ended September 30, 2022, increased by 8.5% to $636.3 million, compared to $586.3 million in the same period last year.Consolidated
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 developing proprietary software products, today announced its results for the second quarter and six month-period ended June 30, 2022. Financial Highlights for the Second Quarter Ended June 30, 2022 Consolidated revenues for the second quarter ended June 30, 2022 increased by 9.6% to $644.6 million, compared to $587.9 million in the second quarter of the previous year. Consolidated operating income for the second
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, today announced its results for the first quarter ended March 31, 2022. Financial Highlights for the First Quarter Ended March 31, 2022 ●Consolidated revenues for the first quarter ended March 31, 2022 increased by 14.8% to $657.6 million, compared to $572.6 million in the first quarter of the previous year. ●Consolidated operating income for the first quarter ended March 3
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 December 31, 2021. Financial Highlights for the Fourth Quarter Ended December 31, 2021 Consolidated revenues for the fourth quarter ended December 31, 2021 increased by 21.3% to a record breaking $658.7 million, compared to $543.2 million in the same period last year. The gr
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 Second Quarter Ended June 30, 2021 Consolidated revenues for the second quarter ended June 30, 2021 increased by 34.5% to a record breaking $587.9 million compared to $437.1 million in the same period last year. Consolidated operating income for the
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 proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2020. Financial Highlights for the Fourth Quarter Ended December 31, 2020 Consolidated revenues for the fourth quarter increased by 21.2% to a record breaking $543.2 million. Revenues for the fourth quarter ended December 31, 2019 amounted to $448.2 million.Consolidated operating income f
U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 0.1% on Monday. Shares of Model N, Inc. (NYSE:MODN) rose sharply during Monday’s session after the company announced it will be acquired by Vista Equity Partners for $1.25 billion. Model N shares jumped 10.7% to $30.00 on Monday. Here are some other big stocks recording losses in today’s session. Destiny Tech100 Inc. (NASDAQ:DXYZ) shares climbed 33.8% to $79.30 after jumping around 77% on Friday. Adlai Nortye Ltd. (NASDAQ:ANL) shares surged 27.9% to $10.68. Apartment Income REIT Corp. (NYSE:AIRC) shares jumped 22.6% to $38.47. Blackstone Real Estate will take AIR Communities private for approximately $10 billio
Gainers Intellicheck (NASDAQ:IDN) shares increased by 31.6% to $4.03 during Monday's regular session. The market value of their outstanding shares is at $77.9 million. As per the press release, Q4 earnings came out 2 days ago. Cleanspark (NASDAQ:CLSK) shares moved upwards by 21.87% to $23.79. The company's market cap stands at $4.7 billion. Research Frontiers (NASDAQ:REFR) stock increased by 21.03% to $1.52. The company's market cap stands at $51.1 million. MicroStrategy (NASDAQ:MSTR) shares moved upwards by 20.81% to $1840.06. The company's market cap stands at $31.2 billion. BTCS (NASDAQ:BTCS) stock moved upwards by 18.46% to $1.54. The company's market cap stands at $24.1 million. As
Gainers Semilux International (NASDAQ:SELX) stock moved upwards by 45.5% to $2.46 during Monday's regular session. The market value of their outstanding shares is at $103.5 million. Kingsoft Cloud Hldgs (NASDAQ:KC) shares moved upwards by 34.2% to $3.61. The company's market cap stands at $844.3 million. NextNav (NASDAQ:NN) shares rose 28.02% to $4.98. The market value of their outstanding shares is at $548.5 million. GDS Holdings (NASDAQ:GDS) stock moved upwards by 21.76% to $7.8. The market value of their outstanding shares is at $1.4 billion. Peraso (NASDAQ:PRSO) shares rose 18.3% to $2.17. The market value of their outstanding shares is at $3.1 million. CPI Card (NASDAQ:PMTS) share
Gainers ACM Research (NASDAQ:ACMR) shares rose 41.0% to $30.72 during Wednesday's regular session. The market value of their outstanding shares is at $1.8 billion. The company's, Q4 earnings came out today. Movella Holdings (NASDAQ:MVLA) stock rose 32.66% to $0.33. The market value of their outstanding shares is at $16.7 million. MMTEC (NASDAQ:MTC) shares rose 25.7% to $1.34. The company's market cap stands at $267.8 million. QuickLogic (NASDAQ:QUIK) stock rose 22.42% to $15.56. The market value of their outstanding shares is at $216.4 million. As per the news, the Q4 earnings report came out yesterday. DatChat (NASDAQ:DATS) stock moved upwards by 18.7% to $1.84. The market value of the
Formula Sys (1985) (NASDAQ:FORTY) reported quarterly earnings of $1.00 per share. This is a 8.26 percent decrease over earnings of $1.09 per share from the same period last year. The company reported $654.84 million in sales this quarter. This is a 2.91 percent increase over sales of $636.31 million the same period last year.
U.S. stocks traded slightly higher, with the Nasdaq Composite gaining around 10 points on Monday. Here are some big stocks recording losses in today’s session. Li-Cycle Holdings Corp. (NYSE:LICY) shares dipped 41% to $1.34 after the company announced plans to halt construction work on its Rochester Hub project, pending completion of a comprehensive review of the go-forward strategy for the project. Revolution Medicines, Inc. (NASDAQ:RVMD) fell 38% to $17.31 after the company announced it presented clinical activity and safety data from its Phase 1/1b trial of RMC-6236. Ambrx Biopharma Inc. (NASDAQ:AMAM) declined 22% to $6.58. Ambrx announced ARX517, a PSMA-targeted ADC, demonstrates 52%
Formula Sys (1985) (NASDAQ:FORTY) reported quarterly earnings of $1.11 per share. This is a 47.64 percent decrease over earnings of $2.12 per share from the same period last year. The company reported $655.37 million in sales this quarter. This is a 1.67 percent increase over sales of $644.59 million the same period last year.