Magic Software Enterprises Ltd.

Tel Aviv Stock Exchange MGIC.TA

Magic Software Enterprises Ltd. Gross Profit for the year ending December 31, 2023: USD 152.99 M

Magic Software Enterprises Ltd. Gross Profit is USD 152.99 M for the year ending December 31, 2023, a -1.52% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Magic Software Enterprises Ltd. Gross Profit for the year ending December 31, 2022 was USD 155.35 M, a 16.81% change year over year.
  • Magic Software Enterprises Ltd. Gross Profit for the year ending December 31, 2021 was USD 132.99 M, a 21.35% change year over year.
  • Magic Software Enterprises Ltd. Gross Profit for the year ending December 31, 2020 was USD 109.59 M, a 7.31% change year over year.
  • Magic Software Enterprises Ltd. Gross Profit for the year ending December 31, 2019 was USD 102.13 M, a 14.99% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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Tel Aviv Stock Exchange: MGIC.TA

Magic Software Enterprises Ltd.

CEO Mr. Yakov Tsaroya
IPO Date Aug. 12, 2002
Location Israel
Headquarters Terminal Center
Employees 3,628
Sector Technology
Industries
Description

Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its 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. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; FactoryEye for virtualization of production data; BusinessEye for organizational business intelligence; and Magic SmartUX for cross-platform mobile business applications. It 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, the company 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. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

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StockViz Staff

January 15, 2025

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