Magic Software Enterprises/$MGIC

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About Magic Software Enterprises

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. The company generates maximum revenue from the IT Professional Services segment. 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, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel, Europe, Japan, and Other countries.

Ticker

$MGIC
Primary listing

Industry

Software

Headquarters

Or Yehuda, Israel

Employees

3,787

ISIN

IL0010823123

MGIC Metrics

BasicAdvanced
$894M
23.96
$0.76
0.99
$0.77
3.59%

What the Analysts think about MGIC

Analyst ratings (Buy, Hold, Sell) for Magic Software Enterprises stock.

Bulls say / Bears say

Magic Software Enterprises reported a 10.4% increase in revenues to $143.0 million in Q3 2024, indicating strong growth momentum. (globenewswire.com)
The company declared a semi-annual dividend of 23.6 cents per share, reflecting confidence in its financial stability and commitment to shareholder returns. (globenewswire.com)
Magic Software's cash flow from operating activities for 2023 amounted to $77.9 million, showing an increase from the previous year, indicating improved operational efficiency. (globenewswire.com)
In Q4 2023, Magic Software experienced a 14.7% decrease in revenues to $125.5 million compared to the same period in 2022, signaling potential challenges in maintaining growth. (globenewswire.com)
The company faced a decline in demand from U.S. customers, leading to the suspension of several projects and the loss of approximately 600 U.S. specialists, which could impact future revenues. (globenewswire.com)
An increase in interest expenses due to rising bank interest rates and higher overall financial debt has contributed to a decline in net income for both Q4 and full year 2023. (globenewswire.com)
Data summarised monthly by Lightyear AI. Last updated on 8 Jun 2025.

MGIC Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

MGIC Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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