Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
Magic Software Enterprises Ltd. - Ordinary Shares (MGIC)
Last magic software enterprises ltd. - ordinary shares earnings: 3/9 07:18 am
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magicsoftware.com/investor-relations
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Source: Yahoo! Finance
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 202 (USD in millions, except per share data) GAAP Non-GAAP Q4 2023 Q4 2022 % Change Q4 2023 Q4 2022 % Change Revenues Gross profit Gross margin 100 bps 150 bps Operating income Operating margin 70 bps 140 bps Net income (*) Diluted EPS (*) Attributable to Magic Software's shareholders. Financial Highlights for the Fourth Quarter Ended December 31, 2023 ? Revenues for the fourth quarter of 2023 decreased by 14.7% to $125.5 million, compared to $147.1 million in the same period of the previous year. On a constant currency basis (calculated based on average currency exchange rates for the three months ended December 31, 2022), revenues for the fourth quarter of 2023 would have decreased by 11.2% to $130.6 m
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News
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- Magic Software Enterprises Ltd. (NASDAQ: MGIC) had its price target raised by analysts at Barclays PLC from $13.00 to $14.00. They now have an "overweight" rating on the stock.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
MGIC
Earnings
- 3/13/24 - Beat
MGIC
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form SC
- 4/29/24 - Form NT
- MGIC's page on the SEC website