Magic Software: Q1 Earnings Snapshot
By AP News - May 21, 2025, 07:13 AM ET
Last Updated - May 21, 2025, 07:13 AM EDT
OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Magic Software Enterprises Ltd. (MGIC) on Wednesday reported earnings of $9.5 million in its first quarter.
On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 19 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share.
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The business process integration software company posted revenue of $147.3 million in the period.
Magic Software expects full-year revenue in the range of $593 million to $603 million.
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