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As of 10:24 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

Open
$2,303
Previous Close
$2,303
Day High
$2,292
Day Low
$2,200
52 Week High
02/27/14 - $3,412
52 Week Low
01/29/15 - $2,200
Market Cap
974.0M
Average Volume 10 Days
17.4K
EPS TTM
$0.35
Shares Outstanding
44.1M
EX-Date
08/19/14
P/E TM
15.9x
Dividend
$0.17
Dividend Yield
3.45%
Current Stock Chart for MAGIC SOFTWARE ENTERPRISES (MGIC)

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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

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Executives, Board Directors

magic software enterprises (MGIC) Key Developments

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.

Magic Software Enterprises Ltd. to Report Q4, 2014 Results on Jan 30, 2015

Magic Software Enterprises Ltd. announced that they will report Q4, 2014 results at 5:00 PM, Israel Standard Time on Jan 30, 2015

Magic Software Enterprises Ltd., Q4 2014 Earnings Call, Jan 30, 2015

Magic Software Enterprises Ltd., Q4 2014 Earnings Call, Jan 30, 2015

 

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