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Last €5.05 EUR
Change Today -0.084 / -1.64%
Volume 0.0
MGK On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
Tel Aviv
As of 3:07 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGK) Snapshot

Open
€5.16
Previous Close
€5.13
Day High
€5.17
Day Low
€5.05
52 Week High
03/9/15 - €6.33
52 Week Low
02/2/15 - €4.66
Market Cap
222.8M
Average Volume 10 Days
175.0
EPS TTM
--
Shares Outstanding
44.1M
EX-Date
08/21/15
P/E TM
--
Dividend
€0.19
Dividend Yield
3.07%
Current Stock Chart for MAGIC SOFTWARE ENTERPRISES (MGK)

magic software enterprises (MGK) Related Businessweek News

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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

AA Shipping LTD and its Royal Cargo Tax Division Deploy Customized ERP System Based on the Magic xpa Application Platform

Magic Software Enterprises Ltd. announced that AA Shipping LTD and its Royal Cargo tax division deployed a customized ERP system based on the Magic xpa Application Platform. Developed by Titan Systems, the customized system manages the group’s entire freight forwarding activities from booking through customs to operations and finance.

Magic Software Enterprises Ltd. Declares Dividend for First Half of 2015, Payable on September 10, 2015

Magic Software Enterprises Ltd. announced that in compliance with its dividend distribution policy its Board of Directors has declared a cash dividend in the amount of $0.095 per share and in the aggregate amount of approximately $4.2 million for the first half of 2015. The dividend is payable on September 10, 2015 to all of the Company's shareholders of record at the close of the NASDAQ Global Select Market on August 25, 2015.

Magic Software Enterprises Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Magic Software Enterprises Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $42,505,000 against $40,633,000 a year ago. Operating income was $5,365,000 against $5,127,000 a year ago. Net income attributable to company’s shareholders was $4,098,000 against $3,852,000 a year ago. Basic and diluted earnings per share were $0.09 against $0.09 a year ago. Income before taxes on income was $5,296,000 against $4,806,000 a year ago. Net income was $4,421,000 against $4,160,000 a year ago. For the quarter, on pro-forma non-GAAP basis, the company reported revenues of $45,165,000 against $40,633,000 a year ago. Operating income was $6,984,000 against $6,023,000 a year ago. Net income attributable to company’s shareholders was $5,675,000 against $4,715,000 a year ago. Basic and diluted earnings per share were $0.13 against $0.11 a year ago. For the quarter, on non-GAAP basis, the company reported revenues of $42,505,000 against $40,633,000 a year ago. Operating income was $6,469,000 against $6,023,000 a year ago. Net income attributable to company’s shareholders was $5,160,000 against $4,715,000 a year ago. Basic and diluted earnings per share were $0.12 against $0.11 a year ago. Reported revenues were negatively impacted by the devaluation of the New Israeli Shekel, Euro and Japanese Yen against the U.S Dollar by 12%, 19% and 20%, respectively. For the six months, the company reported revenues of $82,841,000 against $81,582,000 a year ago. Operating income was $11,169,000 against $11,080,000 a year ago. Net income attributable to company’s shareholders was $8,369,000 against $8,347,000 a year ago. Basic and diluted earnings per share were $0.19 against $0.20 a year ago. Income before taxes on income was $10,191,000 against $10,620,000 a year ago. Net income was $8,861,000 against $9,008,000 a year ago. For the six months, on pro-forma non-GAAP basis, the company reported revenues of $88,030,000 against $81,582,000 a year ago. Operating income was $14,265,000 against $12,431,000 a year ago. Net income attributable to company’s shareholders was $12,361,000 against $9,677,000 a year ago. Basic and diluted earnings per share were $0.28 against $0.23 a year ago. For the six months, on non-GAAP basis, the company reported revenues of $82,841,000 against $81,582,000 a year ago. Operating income was $13,173,000 against $12,431,000 a year ago. Net income attributable to company’s shareholders was $10,360,000 against $9,677,000 a year ago. Basic and diluted earnings per share were $0.24 against $0.23 a year ago.

 

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