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NASDAQ:MGIC

Magic Software Enterprises Q1 2025 Earnings Report

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$13.87 +0.03 (+0.22%)
Closing price 05/1/2025 04:00 PM Eastern
Extended Trading
$13.90 +0.03 (+0.25%)
As of 04:23 AM Eastern
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Magic Software Enterprises EPS Results

Actual EPS
N/A
Consensus EPS
$0.25
Beat/Miss
N/A
One Year Ago EPS
N/A

Magic Software Enterprises Revenue Results

Actual Revenue
N/A
Expected Revenue
$143.80 million
Beat/Miss
N/A
YoY Revenue Growth
N/A

Magic Software Enterprises Announcement Details

Quarter
Q1 2025
Time
Before Market Opens
Conference Call Date
Thursday, May 15, 2025
Conference Call Time
10:00AM ET

Conference Call Resources

Magic Software Enterprises Earnings Headlines

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NEW THIS WEEK: Huge Energy Discovery In Utah The Department of Energy say it could power America for millions of years. And both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested.
Barclays Reaffirms Their Buy Rating on Magic (MGIC)
Magic Software price target raised to $16 from $15 at Barclays
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About Magic Software Enterprises

Magic Software Enterprises (NASDAQ:MGIC) provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. The company's IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. The company also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, It provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

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