Magic Software Enterprises(MGIC) - 2022 Q1 - Quarterly Report

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 ...