Magic Software Enterprises(MGIC) - 2023 Q2 - Quarterly Report

Exhibit 99.1 PRESS RELEASE Magic Software Reports First Quarter 2023 Financial Results Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to$138.7 million in the same period of the previous year. Or Yehuda, Israel, May 18, 2023 – 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, ...