Magic Software Enterprises(MGIC) - 2023 Q2 - Earnings Call Transcript

First of all, I need to put out that if we look at the cloud consumption, for example, and today, we sell something around $60 million in â approximately $60 million, give or take, in cloud consumption, but we donât show it on a gross. We show it on the net and this is under a gross margin that can run from 4% â around 4% or 5%. So, despite the fact that we sell what we see as a significant amount of revenue from cloud consumption services, this is not something that is highly reflected on our top line. Nev ...