Magic is introducing 2024 annual revenue guidance of between $540 million and $550 million (based on current currency exchange rates).
Measured against Magic Software’s annualized 2023 fourth quarter revenue on a go-forward basis, the 2024 annual revenue guidance reflects an
annual growth of 7.5% to 9.5%.
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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-
HC Wainwright reiterated coverage of Magic Software Enterprises with a rating of Buy and set a new price target of $20.00 from $17.00 previously
HC Wainwright & Co. reiterated coverage of Magic Software with a rating of Buy and set a new price target of $20.00 from $17.00 previously
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-
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
Melanie McFaddin, representative of Wiley Bros – Aintree Capital &Partners, LLC ("WBAC") is pleased to announce its representation of Theoris, Inc. ("Theoris" and the "Company") in its sale to CoreTech Consulting Group, LLC ("CoreTech"). Theoris' addition to the CoreTech portfolio of companies expands its presence in the MidWest. Theoris was founded in 1984 by Mike Cunnigham as Software Synergy, Inc. and was rebranded as Theoris in 2000. As the original premier IT staffing firm in the Indianapolis market, the Company has expanded over the last 40 years to service clients in 24 states including a focus in the Cincinnati, Chicago, and Philadelphia markets. Theoris has also expanded its serv
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)