Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; Magic xpc, a hybrid integration platform as a service; Magic SmartUX, a mobile development application platform; and FactoryEye for virtualization of production data. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution, a packaged software solution for managing air cargo ground handling; HR Pulse, a customized single-tenant software as a service tool; and MBS Solution, a proprietary system for managing TV broadcast management. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors; and public institutions and international agencies. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.
IPO Year: 1991
Exchange: NASDAQ
Website: magicsoftware.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/12/2025 | Outperform → Mkt Perform | William Blair |
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
NT 20-F - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
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
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
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)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (Nasdaq and TASE: MGIC) ("Magic Software" or the "Company"), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the "SEC") on Wednesday, May 14, 2025. The annual report on Form 20-F, which contains Magic Software's audited annual financial statements for 2024, can be accessed on the SEC's website at http://www.sec.gov, as well as via the Company's investor relations website at https
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
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. Or Yehuda, Israel, March 10, 2025 (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 that it signed an Memorandum of Understanding ("MOU") with respect to a proposed merger with Matrix I.T Ltd. (TASE: MTRX). Magic is pleased to announce that on March 10, 2025, it entered into an MOU with Matrix I.T Ltd., a leading public Israeli IT services company whose shares are traded on the Tel A
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
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
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.
William Blair downgraded Magic Software from Outperform to Mkt Perform
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