Magic Software Enterprises(MGIC) - 2023 Q1 - Quarterly Report

Exhibit 99.1 PRESS RELEASE Magic Software Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income) Net income for the year increased by 38.6% year over year to a record-breaking result of $40.7 million; non-GAAP net income for the year increased by 13% year over year to a record-breaking result of $52.0 million Or Yehuda, Israel, March 9, 2023 – Magic Software En ...