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Last €5.81 EUR
Change Today +0.102 / 1.79%
Volume 0.0
As of 8:35 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGK) Snapshot

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52 Week High
03/9/15 - €6.33
52 Week Low
02/2/15 - €4.66
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magic software enterprises (MGK) Details

Magic Software Enterprises Ltd. provides proprietary application development, business process integration, and vertical software solutions and related professional services. The company’s software solutions are used by customers to develop, deploy, and integrate on-premise, mobile, and cloud-based business applications. It operates in two segments, Software Solutions and IT Professional Services. The company offers Magic xpa application platform, a proprietary application platform for developing and deploying business applications; AppBuilder application platform for building, deploying, and maintaining mainframe-grade business applications; and Magic xpi integration platform, a graphical wizard-based code-free solution. It also provides vertical software solutions comprising Leap, a software solution for business support systems; Hermes Solution for both hubs and traditional air cargo ground handling operations; HR Pulse, a customized software as a service and on premise solution for human capital management; and MBS Solution, a system for managing TV broadcast channels. In addition, the company offers IT services, including professional services in the areas of infrastructure design and delivery; application development; technology consulting, planning, and implementation; and support and supplemental staffing services. Further, it provides software maintenance, support, training, and consulting services. The company markets and sells its products through its direct sales representatives and offices, independent country distributors, magic software providers, system integrators, distributors, resellers, and consulting and OEM 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.

1,181 Employees
Last Reported Date: 06/30/15
Founded in 1983

magic software enterprises (MGK) Top Compensated Officers

Chief Executive Officer of Coretech Consultin...
Total Annual Compensation: $467.0K
Chief Executive Officer of Complete Business ...
Total Annual Compensation: $253.9K
President of AppBuilder Solutions Division
Total Annual Compensation: $922.0K
President of Software Solutions Division
Total Annual Compensation: $335.0K
President of Integration Solutions Division
Total Annual Compensation: $323.3K
Compensation as of Fiscal Year 2014.

magic software enterprises (MGK) Key Developments

Magic Software Enterprises Ltd. announces Acuity Selects Magic xpi Integration Platform as the Foundation of Core Integration Offering

Magic Software Enterprises Ltd. announced that Acuity selected Magic xpi Integration Platform as the foundation of their core integration offering. Systems integration is becoming increasingly important on the corporate agenda. Organizations want information from their core and different back office systems not only to integrate with each other, but also with cloud solutions, mobile apps and social media. Magic's code-free drag and drop methodology, robust In-Memory Data Grid architecture and large library of application and technology connectors make it an ideal tool for virtually any application integration scenario.

Magic Software Enterprises Ltd. Releases Magic xpa Application Platform 3.0

Magic Software Enterprises Ltd. announced the release Magic xpa Application Platform 3.0, featuring improved mobile development capabilities and In-Memory Data Grid technology, enabling the rapid creation of mobile and cross-platform business applications. Highlights of the Magic xpa 3.0 release include: Superior Performance: High-availability, self-healing In-Memory Data Grid (IMDG) based messaging layer guarantees message delivery, providing superior performance. Elastic scalability allows apps to easily accommodate larger numbers of users and transactions. Built-in automatic distribution lets developers focus on creating the right business logic rather than on load balancing issues for high-availability. Enhanced Development Environment: New Visual Studio-based Form Designer allows users to enjoy a familiar and intuitive user experience. Enhanced Expression Editor makes building and searching expressions easier, faster and more intuitive. Powerful Mobile Development Capabilities: Mobile Form Preview lets developers see how their apps will look on multiple devices as they create them, speeding time to market. Additional offline database encryption support makes apps more secure. Big Data and Fast Data Support: Customers can now stream their application data to an in-memory space, enabling apps to perform much faster, handling even Big Data transactions with speed and confidence.

Magic Software Enterprises Ltd. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Revenues Guidance for the Full Year of 2015

Magic Software Enterprises Ltd. reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the period, the company reported revenues of $40.336 million compared with $40.949 million for the same period last year. Operating income was $5.804 million compared with $5.953 million for the same period last year. Income before taxes on income was $4.895 million compared with $5.814 million for the same period last year. Net income attributable to Magic's shareholders was $4.271 million or $0.10 diluted per share compared with $4.495 million or $0.11 diluted per share for the same period last year. On non GAAP basis operating income was $6.704 million compared with $6.408 million for the same period last year. Net income attributable to Magic's shareholders was $5.200 million or $0.12 diluted per share compared with $4.962 million or $0.12 diluted per share for the same period last year. Reported revenues were negatively impacted by the devaluation of the New Israeli Shekel, Euro and Japanese yen against the USD by 13%, 18% and 16%, respectively. The company expects revenue between $166 million to $173 million for the full-year 2015, on a constant currency basis. This guidance, when measured based on 2014 foreign currency exchange rates, represents full year 2015 revenue of approximately $175 to $182 million, reflecting management growth expectations of between 7% to 11%.


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