Magic Software Enterprises(MGIC)
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Magic Software Enterprises(MGIC) - 2023 Q4 - Annual Report
2024-05-13 10:12
Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the month of May 2024 Commission file number: 0-19415 MAGIC SOFTWARE ENTERPRISES LTD. (Translation of registrant's name into English) 1 Yahadut Canada Street, Or-Yehuda, Israel 6037501 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F o ...
Magic Software Enterprises(MGIC) - 2023 Q4 - Earnings Call Transcript
2024-03-13 18:31
Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2023 Earnings Conference Call March 13, 2024 11:00 AM ET Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Chief Technology Officer Chris Reimer - Barclays Maggie Nolan - William Blair With us on the line today are Magic CEO, Mr. Guy Bernstein; Magic CFO, Mr. Asaf Berenstin; and Magic CTO, Mr. Yuval Lavi. Company Participants Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Welc ...
Magic Software Enterprises(MGIC) - 2024 Q1 - Quarterly Report
2024-03-13 12:14
Exhibit 99.1 PRESS RELEASE Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results Or Yehuda, Israel, March 13, 2024 – Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) ("the Company"), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2023. | | GAAP | | | | Non-GAAP | | | | | | --- | --- | --- | --- | --- | --- | --- | - ...
Magic Software Enterprises(MGIC) - 2023 Q3 - Earnings Call Transcript
2023-11-14 16:34
I would highlight that we have provided a wider than normal range given that many of the factors are outside of our control. But that said, we have taken a very conservative approach and feel very comfortable with this guidance range. Despite all of those difficulties working against us, we continue to plow forward with our worldwide dedication and confidence that we can continue to execute on sales of our world-class suite of products and in providing related services. Asaf Berenstin Our suite of managed c ...
Magic Software Enterprises(MGIC) - 2023 Q2 - Earnings Call Transcript
2023-08-14 15:44
First of all, I need to put out that if we look at the cloud consumption, for example, and today, we sell something around $60 million in â approximately $60 million, give or take, in cloud consumption, but we donât show it on a gross. We show it on the net and this is under a gross margin that can run from 4% â around 4% or 5%. So, despite the fact that we sell what we see as a significant amount of revenue from cloud consumption services, this is not something that is highly reflected on our top line. Nev ...
Magic Software Enterprises(MGIC) - 2023 Q3 - Quarterly Report
2023-08-14 10:26
Exhibit 99.1 PRESS RELEASE Magic Software Reports Second Quarter 2023 Financial Results. Revenues for the second quarter of 2023 increased by approximately 0.4% to a record-breaking second quarter result of $137.6 million and 4.4% on a constant currency basis, compared to $137.0 million in the same period of the previous year. Operating income for the second quarter of 2023 increased by approximately 3.2% to a record-breaking second quarter result of $15.4 million and 7.3% on a constant currency basis, comp ...
Magic Software Enterprises(MGIC) - 2023 Q1 - Earnings Call Transcript
2023-05-18 15:34
Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q1 2023 Earnings Conference Call May 18, 2023 10:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Conference Call Participants Chris Reimer - Barclays Maggie Nolan - William Blair Mike Silver - Kensington Capital Corp Operator Welcome to Magic Software Enterprises 2023 First Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session ...
Magic Software Enterprises(MGIC) - 2023 Q2 - Quarterly Report
2023-05-18 10:23
Exhibit 99.1 PRESS RELEASE Magic Software Reports Second Quarter 2023 Financial Results. Revenues for the second quarter of 2023 increased by approximately 0.4% to a record-breaking second quarter result of $137.6 million and 4.4% on a constant currency basis, compared to $137.0 million in the same period of the previous year. Operating income for the second quarter of 2023 increased by approximately 3.2% to a record-breaking second quarter result of $15.4 million and 7.3% on a constant currency basis, comp ...
Magic Software Enterprises(MGIC) - 2022 Q4 - Annual Report
2023-05-11 19:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 ...
Magic Software Enterprises(MGIC) - 2022 Q4 - Earnings Call Transcript
2023-03-09 17:30
Company Participants Conference Call Participants Operator At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. [Operator Instructions] With us on the line today are Magic's CEO, Mr. Guy Bernstein; Magic's CEO ??? the CFO, Mr. Asaf Berenstin; and Magic's CTO, Mr. Yuval Lavi. Also, during the course of today's call, management will refer to non-GAAP financial measures. A reconciliat ...