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

Exhibit 99.1 PRESS RELEASE Magic Software Reports Second Quarter 2023 Financial Results. Revenues for the second quarter of 2023 increased by approximately 0.4% to a record-breaking second quarter result of $137.6 million and 4.4% on a constant currency basis, compared to $137.0 million in the same period of the previous year. Operating income for the second quarter of 2023 increased by approximately 3.2% to a record-breaking second quarter result of $15.4 million and 7.3% on a constant currency basis, comp ...