Magic Software Enterprises Ltd.

Tel Aviv Stock Exchange MGIC.TA

Magic Software Enterprises Ltd. Net Income Margin for the year ending December 31, 2023: 6.92%

Magic Software Enterprises Ltd. Net Income Margin is 6.92% for the year ending December 31, 2023, a -3.07% change year over year. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.
  • Magic Software Enterprises Ltd. Net Income Margin for the year ending December 31, 2022 was 7.14%, a 15.22% change year over year.
  • Magic Software Enterprises Ltd. Net Income Margin for the year ending December 31, 2021 was 6.20%, a -8.66% change year over year.
  • Magic Software Enterprises Ltd. Net Income Margin for the year ending December 31, 2020 was 6.79%, a 9.02% change year over year.
  • Magic Software Enterprises Ltd. Net Income Margin for the year ending December 31, 2019 was 6.22%, a -10.99% change year over year.
Key data
Date Net Income Margin EBITDA Margin EBIT Margin EBITDA
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SV Wall Street
Tel Aviv Stock Exchange: MGIC.TA

Magic Software Enterprises Ltd.

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

February 6, 2025

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