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

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-

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

Barclays analyst Tavy Rosner maintains Magic Software (NASDAQ:MGIC) with a Overweight and raises the price target from $13 to $14.

Magic Software Enterprises Ltd (NASDAQ:MGIC) reported a fourth-quarter revenue decline of 14.7% year-on-year to $125.5 million, beating the consensus of $117.5 million. Adjusted EPS of $0.24 beat the consensus of $0.19. The stock price is gained after the results. The adjusted gross margin expanded by 150 bps to 30.8%. The adjusted operating margin climbed 140 bps to 14.1%. The company held $107.1 million in cash and equivalents as of December 31, 2023. Cash flow from operating activities for the year ended December 31, 2023, amounted to $77.9 million compared to $56.6 million Y/Y. Guy Bernstein, Chief Executive Officer of Magic Software, said: “Despite the slowdown we faced d

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%.

Magic Software (NASDAQ:MGIC) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.19 by 26.32 percent. This is a 14.29 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $125.55 million which beat the analyst consensus estimate of $117.50 million by 6.85 percent. This is a 14.68 percent decrease over sales of $147.15 million the same period last year.

Companies Reporting Before The Bell • Sangamo Therapeutics (NASDAQ:SGMO) is likely to report quarterly loss at $0.26 per share on revenue of $8.10 million. • Silence Therapeutics (NASDAQ:SLN) is expected to report earnings for its fourth quarter. • Optical Cable (NASDAQ:OCC) is likely to report earnings for its first quarter. • Perma-Fix Envirn Servs (NASDAQ:PESI) is likely to report quarterly earnings at $0.06 per share on revenue of $22.50 million. • Dollar Tree (NASDAQ:DLTR) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.67 billion. • Magic Software (NASDAQ:MGIC) is expected to report quarterly earnings at $0.19 per share on revenue of $117.50 million.

Magic Software (NASDAQ:MGIC) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement. Analysts estimate that Magic Software will report an earnings per share (EPS) of $0.19. Magic Software bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.05, which was followed by a 2.18% drop i

Companies Reporting Before The Bell • CureVac (NASDAQ:CVAC) is likely to report quarterly loss at $0.24 per share on revenue of $18.00 million. • Caledonia Mining (AMEX:CMCL) is expected to report earnings for its third quarter. • Argo Blockchain (NASDAQ:ARBK) is estimated to report quarterly loss at $0.12 per share on revenue of $13.28 million. • SuperCom (NASDAQ:SPCB) is estimated to report quarterly earnings at $0.00 per share on revenue of $4.60 million. • Moving iMage Technologies (AMEX:MITQ) is projected to report earnings for its first quarter. • Eagle Pharmaceuticals (NASDAQ:EGRX) is likely to report quarterly earnings at $1.06 per share on revenue of $62.60 million. • 2sevent