MGIC - Earnings announcements

OR YEHUDA, Israel, Aug. 13, 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 second quarter and first half ended June 30, 2025. Summary Results for the Second Quarter 2025 (USD in millions, except per share data)             GAAP  Non-GAAP    Q2 2025Q2 2024% Change Q2 2025Q2 2024% Change  Revenues$151.6 $136.3 11.3%  $151.6 $136.3 11.3%   Gross profit$42.4 $38.8 9.1%  $43.6 $40.1 8.7%   Gross margin 27.9%  28.5% (60) bps   28.7%  29.4% (70) bps   Operating income$15.6 $15.0 4.0

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$130.712.7% $147.3$130.712.7%Gross profit$40.6$36.710.7% $41.9$38.39.5%Gross margin 27.6% 28.1%(50) bps  28.5% 29.3%(80) bpsOperating income$15.7$14.49.1% $18.5$18.11.9

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 13.6%  $142.6 $125.5 13.6% Gross profit$42.0 $37.0 13.5%  $43.2 $38.6 11.9% Gross margin 29.4%  29.4% -   30.3%  30.8% (50) bps Operating income$16.7 $13.0 28.6%  $18.8 $17.7 6.1

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% Change Q3 2024Q3 2023% ChangeRevenues$143.0 $129.5 10.4% $143.0 $129.5 10.4%Gross profit$39.7 $36.8 7.7% $41.0 $38.1 7.8%Gross margin 27.8% 28.4%(60) bps  28.7% 29.4%(70) bpsOperating income$15.1 $13.3 13.1% $18.5

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 $137.6 (1.0%) $136.3 $137.6 (1.0%)Gross profit$38.8 $40.3 (3.6%) $40.1 $41.6 (3.7%)Gross margin 28.5%  29.3% (80) bps  29.4%  30.3% (90) bpsOperating income$15.0 $15.4 (2.6%) $18.2 $18

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 discuss Magic's results. Please call the following numbers (at least 5 minutes before the scheduled time) in order to participate: From North America: +1-866-652-8972From UK: 0-800-

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 profit$36.7$38.9(5.6%) $38.3$40.1(4.5%)Gross margin 28.1% 27.3%80 bps  29.3% 28.2%110 bpsOperating income$14.4$15.3(6.0%) $18.1$18.5(1.7%)Operating margin 11.0% 10.8%2

MILWAUKEE, April 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE:MTG) announced its board of directors has approved an additional share repurchase program with authorization to purchase up to $750 million of its common stock. The company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) at any time prior to December 31, 2026. The share repurchase program may be suspended or discontinued at any time and does not require the company to acquire any amount of comm

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 (14.7%) $125.5 $147.1 (14.7%)Gross profit$37.0 $41.8 (11.6%) $38.6 $43.2 (10.5%)Gross margin 29.4% 28.4%100 bps  30.8% 29.3%150 bpsOperating income$13.0 $14.2 (8.4%) $17.7 $18.7 (5.

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 Time) to review and discuss Magic's results. Please call the following numbers (at least 5 minutes before the scheduled time) in order to participate: From North America: +1-866-652-8972  From UK: 0-

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 (10.1%) Gross Profit$36.8 $39.4 (6.4%)  $38.1 $40.5 (6.0%) Gross Margin 28.4%  27.3% 110 bps   29.4%  28.1% 130 bps Operating Income$13.3 $16.5 (19.2%)  $17.2 $18.

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 experienced a substantial and unexpected decline in demand for our software services from several of our important U.S.-based blue-chip customers which, without any advance notification, d

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 NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) ("the Company"), a global provider of IT consulting services and end-to-end integration and applicati

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 Results for the First Quarter 2023 (USD in millions, except per share data)  GAAP     Non-GAAP     Q1 2023  Q1 2022  %Change  Q1 2023  Q1 2022  %Change Revenues$142.4  $138.7  2.7% $142.4  $138.7  2.7%Gross Profit$38.9  $37.6  3.5% $40.1  $38.9  3.1%Gross Margin 27.3%  27.1% 20 bps   28.2%  28.1% 10 bps Operating Income$15.3  $16.1  -4.8% $18.5  $19.1  -3.4%Op

OR YEHUDA, Israel, March 09, 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 fourth quarter and full year ended December 31, 2022. Summary Results for the Fourth Quarter 2022 (USD in millions, except per share data)   GAAP     Non-GAAP      Q4 2022  Q4 2021  % Change  Q4 2022  Q4 2021  % Change Revenues $147.1  $133.0   10.6% $147.1  $133.0   10.6%Gross profit $41.8  $37.4   11.9% $43.2  $38.7   11.5%Gross margin  28.4%  28.1%  30 bps   29.3%  29.1%  20 bps Operating income $1

OR YEHUDA, Israel, Nov. 14, 2022 (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 its financial results for the third quarter ended September 30, 2022. Summary Results for the Third Quarter 2022 (USD in millions, except per share data)   GAAP     Non-GAAP      Q3 2022  Q3 2021  % Change  Q3 2022  Q3 2021  % Change Revenues $144.0  $120.9   19.1% $144.0  $120.9   19.1%Gross Profit $39.4  $32.6   20.6% $40.5  $34.2   18.5%Gross Margin  27.3%  27.0%  30bps  28.1%  28.3%  (20)bpsOperating Income $16.1  $12.0   33.7% $18.5  $16.2   

OR YEHUDA, Israel, Aug. 11, 2022 (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 its financial results for the second quarter ended June 30, 2022. Summary Results for the Second Quarter 2022 (USD in millions, except per share data)           GAAP  Non-GAAP  Q2 2022Q2 2021% Change  Q2 2022Q2 2021% ChangeRevenues$137.0 $119.2 15.0% $137.0 $119.2 15.0%Gross Profit$36.6 $32.8 11.6% $38.2 $34.4 10.8%Gross Margin 26.7% 27.5%(80)bps  27.9% 28.9%(100)bpsOperating Income$14.7 $12.7 16.1% $17.6 $15.9 10.3%Operating Margin 10.8% 10.7%

OR YEHUDA, Israel, May 12, 2022 (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 its financial results for the first quarter ended March 31, 2022. Summary Results for the First Quarter 2022 (USD in millions, except per share data)   GAAP     Non-GAAP      Q1 2022  Q1 2021   % Change Q1 2022   Q1 2021   % Change Revenues $138.7  $107.3  29.3% $138.7  $107.3  29.3%Gross Profit $37.6  $30.2  24.5% $38.9  $31.7  22.7%Gross Margin  27.1%  28.1% (100)bps  28.1%  29.6% (150)bpsOperating Income $15. 9  $12.2  30.6% $18.9  $15.0  26.2%

 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 Or Yehuda, Israel, March 02, 2022 (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 its financial results for the fourth quarter and full year ended December 31, 2021. Summary Results for the Fourth Quarter 2021 (USD in millions, except per share data)   GAAP     Non-GAAP      Q4 2021  Q4 2020  % Change  Q4 2021  Q4 2020  % Chang

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 Or Yehuda, Israel, Nov. 15, 2021 (GLOBE NEWSWIRE) -- November 15, 2021 – 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 its financial results for the third quarter and nine months ended September 30, 2021. Summary Results for Third Quarter 2021 (USD in millions, except per share data)   GAAP  Non-GAAP   Q3 2021  Q3 2020  % Change  Q3 2021  Q3 2020  %

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 Or Yehuda, Israel, Aug. 12, 2021 (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 its financial results for the second quarter and first half ended June 30, 2021. Summary Results for Second Quarter 2021 (USD in millions, except per share data)   GAAP     Non-GAAP      Q2 2021  Q2 2020  % Change  Q2 2021  Q2 2020  % Change Revenues $119.2  $86.5