Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Vice President, Technology and Innovation Conference Call Participants Tavy Rosner - Barclays Operator Welcome to Magic Software Enterprises 2022 First Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. With us on the line toda ...

Exhibit 99.1 PRESS RELEASE Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year Growth Operating income for the first quarter increased 31% year over year to a record breaking $15.9 million; Non-GAAP operating income for the first quarter increased 26% year over year to a record-breaking first quarter result of $18.9 million Or Yehuda, Israel, May 12, 2022 – Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a glob ...

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2021 Earnings Conference Call March 2, 2022 10:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Chief Technology Officer Conference Call Participants Chris Reimer - Barclays Ted Starck-King - William Blair Operator Welcome to Magic Software Enterprises 2021 Fourth Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-a ...

Exhibit 99.1 PRESS RELEASE Magic Software Reports Fourth Quarter and Full Year 2021 Financial Results with Record-Breaking Annual Revenues of $480.3 Million Reflecting 29.4% Year Over Year Growth Operating income for the year increased 26.2% year over year to a record breaking $51.2 million; Non-GAAP operating income for the year increased 27% year over year to a record-breaking $66.8 million Or Yehuda, Israel, March 2, 2022 – Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT ...

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q3 2021 Earnings Conference Call November 15, 2021 10:00 AM ET Company Participants Guy Bernstein - Chief Executive Officer Asaf Berenstin - Chief Financial Officer Yuval Lavi - Vice President, of Technology and Innovation Conference Call Participants Maggie Nolan - William Blair Operator Welcome to Magic Software Enterprises 2021 Third Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answe ...

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q2 2021 Results Conference Call August 12, 2021 10:00 AM ET Company Participants Asaf Berenstin - CFO Guy Bernstein - CEO Yuval Lavi - VP, Technology & Innovation Conference Call Participants Tavy Rosner - Barclays Maggie Nolan - William Blair Spencer Kirschman - H.C. Wainwright Operator Welcome to Magic Software Enterprises 2021 Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answe ...

SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission fil ...

Financial Data and Key Metrics Changes - The first quarter revenue totaled $107.3 million, reflecting a year-over-year growth of 26% compared to $85.2 million in the first quarter of 2020 [8] - Organic revenue growth was 15.8%, with an additional 10.1% from the consolidation of acquired entities [8] - Operating income increased by 37%, with an operating margin reaching 14%, up from 12.9% last year [9][18] - Non-GAAP net income for the first quarter increased 9.5% to $10.3 million or $0.21 per fully diluted share compared to $9.4 million or $0.19 per fully diluted share in the same period last year [20] Business Line Data and Key Metrics Changes - Revenue mix for the first quarter was approximately 21% from software solutions and 79% from professional services, compared to 22% and 78% respectively in the same period last year [16] - Non-GAAP gross profit for the first quarter was $31.7 million, up approximately 19% from $26.7 million in the first quarter of last year [14] - Non-GAAP gross margin decreased by 180 basis points to 29.6% due to the impact of the Jewish holiday season and Israeli Election Day [15] Market Data and Key Metrics Changes - North America accounted for 50% of total revenue, Israel 38%, Europe 7%, and APAC and the rest of the world accounted for 5% of first quarter revenue [13] - North America contributed 62% of the growth in the first quarter, while Israel accounted for 28% [14] Company Strategy and Development Direction - The company focuses on supporting existing customers and closing new deals, with a strategy to balance growth, resources, investment, and risk across regions and markets [10] - The company is increasing resources to support existing transformation projects and new business opportunities in the second half of the year [10] - The company is dedicated to business continuity and mitigating the pandemic's impact while maintaining growth momentum [11] Management's Comments on Operating Environment and Future Outlook - Management expressed a conservative outlook for the second quarter, noting strong demand but acknowledging ongoing struggles in the U.S. market [28] - The company expects to update revenue guidance in the next quarter, indicating confidence in achieving the upper part of the guidance range [44] - Management highlighted the ongoing digital transformation trend among SMBs as a driver for growth [12] Other Important Information - Cash and cash equivalents amounted to approximately $100.8 million as of March 31, 2021, compared to $92 million in the previous quarter [21] - The company revised its 2021 revenue guidance to a range of $425 million to $435 million, reflecting an annual growth rate of 13.5% to 17.2% [23] Q&A Session Summary Question: Update on hiring plans and wage inflation - Management acknowledged the competitive hiring environment and the need to increase resources to support growth, exploring options for talent overseas [26] Question: Revenue cadence for the rest of 2021 - Management indicated a conservative approach but noted strong demand and the potential for an updated revenue guidance in the next quarter [28][29] Question: Medium and long-term sustainable organic growth rates - Management suggested that organic growth rates could be maintained at around 10% to 12% [30] Question: Operating expenses and sustainability - Management stated that current expense levels are sustainable for the near future, benefiting from a hybrid work model [36] Question: Demand from verticals and customer budgets - Management observed a general increase in demand across sectors, with some recovery in startup companies [38] Question: M&A pipeline and dynamics - Management noted ongoing interest in small acquisitions, with no significant changes in valuation or competition [39] Question: Currency impact on revenue growth - Management indicated that currency exchange impacts were minimal and not material to the overall results [45] Question: Insights on end markets and competitive front - Management reported stability and growth in various sectors, with a focus on expanding services within existing client accounts [48] Question: Update on PowWow integration and XPI version release - Management confirmed that the integration is on track despite challenges in India due to COVID-19 [60] Question: Debt management and cash generation - Management explained that the debt is manageable and provides flexibility for acquisitions, with a fixed rate of 2.6% [65] Question: Future M&A plans - Management expects to close one or two small acquisitions by the end of the second quarter [68]

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2020 Earnings Conference Call March 8, 2021 10:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Yuval Lavi - Vice President, Technology & Innovation Conference Call Participants Ted Starck-King - William Blair Tavy Rosner - Barclays Kevin Dede - H.C. Wainwright Operator Welcome to Magic Software Enterprises 2020 Fourth Quarter Financial Results Conference Call. At this time, all participants are in ...

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q3 2020 Earnings Conference Call November 16, 2020 10:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Yuval Lavi - Vice President, Technology & Innovation Conference Call Participants Tavy Rosner - Barclays Maggie Nolan - William Blair Kevin Dede - H.C. Wainwright Asaf Barel - Oppenheimer Operator Ladies and gentlemen, welcome to Magic Software Enterprises 2020 Third Quarter Financial Results Confere ...