Magic Software Enterprises(MGIC) - 2021 Q4 - Annual Report

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 ...