Formula Systems (1985) Ltd.

Tel Aviv Stock Exchange FORTY.TA

Formula Systems (1985) Ltd. EBIT for the year ending December 31, 2023: USD 240.70 M

Formula Systems (1985) Ltd. EBIT is USD 240.70 M for the year ending December 31, 2023, a -12.52% change year over year. EBIT means earnings before interest and taxes, it is calculated as operating income plus non-operating income.
  • Formula Systems (1985) Ltd. EBIT for the year ending December 31, 2022 was USD 275.14 M, a 36.16% change year over year.
  • Formula Systems (1985) Ltd. EBIT for the year ending December 31, 2021 was USD 202.08 M, a 24.33% change year over year.
  • Formula Systems (1985) Ltd. EBIT for the year ending December 31, 2020 was USD 162.53 M, a 19.47% change year over year.
  • Formula Systems (1985) Ltd. EBIT for the year ending December 31, 2019 was USD 136.04 M, a 19.65% change year over year.
Key data
Date EBIT EBITDA Net Income EPS (Diluted)
Market news
Loading...
Tel Aviv Stock Exchange: FORTY.TA

Formula Systems (1985) Ltd.

CEO Ms. Maya Solomon-Ella
IPO Date Aug. 12, 2002
Location Israel
Headquarters Yahadut Canada 1 Street
Employees 21,900
Sector Technology
Industries
Description

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

Similar companies

MTRX.TA

Matrix IT Ltd.

USD 24.43

0.37%

NVMI.TA

Nova Ltd.

USD 214.57

-4.15%

NICE.TA

NICE Ltd.

USD 164.23

-0.52%

SPNS.TA

Sapiens International Corporation N.V.

USD 25.93

0.47%

MGIC.TA

Magic Software Enterprises Ltd.

USD 11.86

1.24%

StockViz Staff

January 15, 2025

Any question? Send us an email