Last 2,770
Change Today -11.00 / -0.40%
Volume 26.8K
As of 10:24 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

Open
$2,781
Previous Close
$2,781
Day High
$2,785
Day Low
$2,726
52 Week High
03/5/14 - $3,096
52 Week Low
02/1/15 - $2,130
Market Cap
1.2B
Average Volume 10 Days
52.5K
EPS TTM
$0.35
Shares Outstanding
44.1M
EX-Date
02/23/15
P/E TM
19.6x
Dividend
$0.16
Dividend Yield
2.34%
Current Stock Chart for MAGIC SOFTWARE ENTERPRISES (MGIC)

magic software enterprises (MGIC) Related Businessweek News

No Related Businessweek News Found

magic software enterprises (MGIC) Details

Magic Software Enterprises Ltd. provides proprietary application development and business process integration software solutions, and related professional services. The company develops Magic xpa application platform that provides development and deployment environment, which facilitates organizations and magic software providers (MSPs) to create mobile and desktop business application; AppBuilder application platform, a development environment used for managing, maintaining, and reusing applications required by large businesses; and Magic xpi integration platform, a graphical wizard-based code-free solution, which delivers the integration and orchestration of business processes and applications. It also offers information technology services, including professional services, such as infrastructure design and delivery; application development; technology consulting, planning, and implementation; and support and staffing services. In addition, the company provides annual maintenance contracts; technical support; and training services, as well as consulting services in connection with installation assurance, application audits and performance enhancement, application migration, and application prototyping and design. Magic Software Enterprises Ltd. markets, sells, and supports its products through its offices and marketing departments, as well as through a channel-network of MSPs, system integrators, value-added distributors and resellers, and OEM and consulting partners. 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 founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.

Founded in 1983

magic software enterprises (MGIC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

magic software enterprises (MGIC) Key Developments

iCargo Alliance Ltd Deploys Magic Software Enterprises Ltd.’s Centralized Electronic Data Interchange Solution

Magic Software Enterprises Ltd. announced that iCargo Alliance Ltd. has deployed a centralized electronic data interchange (EDI) solution powered by Magic xpi Integration Platform to increase operational efficiency and improve customer service. iCargo turned to JAG Software who created an EDI solution, based on the Magic xpi Integration Platform, to automatically transform and translate documents to standardized electronic formats, eliminating the need for manual data entry, shortening processing cycles, while reducing errors and costs.

Magic Software Enterprises Ltd. Declares Cash Dividend for Second Half of 2014, Payable on March 11, 2015

The Board of Directors of Magic Software Enterprises Ltd. has declared a cash dividend in the amount of $0.081 per share and in the aggregate amount of approximately $3.6 million for the second half of 2014. The dividend is payable on March 11, 2015 to all of the company's shareholders of record at the close of the NASDAQ Global Select Market on February 23, 2015.

Magic Software Enterprises Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Magic Software Enterprises Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter ended December 31, 2013 total revenues were $42,518,000 against $41,192,000 a year ago. Operating income was $4,075,000 compares to $5,449,000 for the same period in 2013. Income before taxes on income was $3,235,000 against $5,347,000 reported last year. Net income attributable to shareholders of the company was $2,820,000 or $0.06 per fully diluted share against $4,960,000 or $0.13 per fully diluted share for the same period in 2013. Non-GAAP operating income was $7,024,000 compared to $6,814,000 in the same period last year. Non-GAAP net income attributable to shareholders of the company $5,621,000 or $0.13 Non GAAP diluted per share compared to $5,971,000 or $0.16 Non GAAP diluted per share in the same period last year. Net income for the fourth quarter, excluding the aforementioned impact of the arbitration decreased 16% to $4.0 million, compared to $4.7 million in the same period last year. Net income for the quarter was also negatively impacted by approximately $0.7 million due to the devaluation of cash balances denominated mainly in Euros, Japanese Yen and New Israeli Shekels following the devaluation of foreign currencies against the USD. For the year ended December 31, 2014, total revenues were $164,304,000 against $144,958,000 a year ago. Operating income was $20,726,000 compares to $19,127,000 for the same period in 2013. Income before taxes on income was $18,873,000 against $18,431,000 reported last year. Net income attributable to shareholders of the company was $15,403,000 or $0.36 per fully diluted share against $15,880,000 or $0.43 per fully diluted share for the same period in 2013. Non-GAAP operating income was $25,881,000 compared to $22,691,000 in the same period last year. Non-GAAP net income attributable to shareholders of the company $20,337,000 or $0.47 Non GAAP diluted per share compared to $19,507,000 or $0.52 Non GAAP diluted per share in the same period last year. Net income for the year ended December 31, 2014, excluding the aforementioned impact of the arbitration award increased 5% to $16.6 million, compared to $15.9 million in the prior year. Net income for 2014 was also negatively impacted by $1.6 million in financial expenses recorded as a result of unfavorable foreign currency exchange rates. Operating cash flow for the year ended December 31, 2014 totaled $12.4 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MGIC:IT 2,770.00 -11.00

MGIC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for MGIC.
View Industry Companies
 

Industry Analysis

MGIC

Industry Average

Valuation MGIC Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MAGIC SOFTWARE ENTERPRISES, please visit www.magicsoftware.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.