Formula Systems 1985 Ltd ADR

NASDAQ FORTY

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Formula Systems 1985 Ltd ADR Interest Expense 3 year CAGR for the year ending December 31, 2023: 3.33%

Formula Systems 1985 Ltd ADR Interest Expense 3 year CAGR is 3.33% for the year ending December 31, 2023, a 49.17% change year over year. Interest Expense is the cost of borrowing funds or the interest paid on outstanding debt. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Formula Systems 1985 Ltd ADR Interest Expense for the year ending December 31, 2022 was USD 19.93 M, a -16.98% change year over year.
  • Formula Systems 1985 Ltd ADR Interest Expense for the year ending December 31, 2021 was USD 24.00 M, a -10.71% change year over year.
  • Formula Systems 1985 Ltd ADR Interest Expense for the year ending December 31, 2020 was USD 26.89 M, a 44.14% change year over year.
  • Formula Systems 1985 Ltd ADR Interest Expense for the year ending December 31, 2019 was USD 18.65 M, a 125.92% change year over year.
NASDAQ: FORTY

Formula Systems 1985 Ltd ADR

CEO Mr. Guy Bernstein
IPO Date Oct. 21, 1997
Location Israel
Headquarters Yahadut Canada 1 Street, Or Yehuda, Israel, 6037501
Employees 21,900
Sector Technology
Industry Information technology services
Description

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; 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. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

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September 20, 2024

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