Last 2,584
Change Today +97.00 / 3.90%
Volume 4.4K
MGIC On Other Exchanges
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As of 8:27 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

Open
$2,555
Previous Close
$2,487
Day High
$2,584
Day Low
$2,547
52 Week High
02/27/14 - $3,412
52 Week Low
08/10/14 - $2,284
Market Cap
1.1B
Average Volume 10 Days
21.7K
EPS TTM
$0.40
Shares Outstanding
44.1M
EX-Date
08/19/14
P/E TM
16.2x
Dividend
$0.17
Dividend Yield
2.93%
Current Stock Chart for MAGIC SOFTWARE ENTERPRISES (MGIC)

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magic software enterprises (MGIC) Details

Magic Software Enterprises Ltd. provides proprietary application development and business process integration software solutions, and related professional services. The company develops Magic xpa application platform that provides development and deployment environment, which facilitates organizations and magic software providers (MSPs) to create mobile and desktop business application; AppBuilder application platform, a development environment used for managing, maintaining, and reusing applications required by large businesses; and Magic xpi integration platform, a graphical wizard-based code-free solution, which delivers the integration and orchestration of business processes and applications. It also offers information technology services, including professional services, such as infrastructure design and delivery; application development; technology consulting, planning, and implementation; and support and staffing services. In addition, the company provides annual maintenance contracts; technical support; and training services, as well as consulting services in connection with installation assurance, application audits and performance enhancement, application migration, and application prototyping and design. Magic Software Enterprises Ltd. markets, sells, and supports its products through its offices and marketing departments, as well as through a channel-network of MSPs, system integrators, value-added distributors and resellers, and OEM and consulting partners. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. Magic Software Enterprises Ltd. is a subsidiary of Formula Systems (1985) Ltd.

1,302 Employees
Last Reported Date: 02/24/14
Founded in 1983

magic software enterprises (MGIC) Top Compensated Officers

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magic software enterprises (MGIC) Key Developments

Syslife Chooses Magic Enterprise Mobility Solution to Develop Mobile Version of its Adexio Supply Chain Management Software

Magic Software Enterprises Ltd. announced that French Independent Software Vendor (ISV) Syslife has chosen the Magic Enterprise Mobility Solution to develop a tablet version of its Adexio supply chain management software specifically targeted to the retail industry.

Magic Software Enterprises Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Revenue Guidance for the Full Year of 2014

Magic Software Enterprises Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenues were $40,204,000 against $35,596,000 a year ago. Operating income was $5,572,000 against $4,970,000 a year ago. Net income was $4,495,000 against $4,539,000 a year ago. Net income attributable to the company’s shareholders was $4,237,000 or $0.10 per basic and diluted share against $4,189,000 or $0.11 per basic and diluted share a year ago. Non-GAAP operating income was $6,427,000 or $0.11 per basic and diluted share against $5,956,000 or $0.15 per basic and diluted share a year ago. Non-GAAP revenues were $40,204,000 against $35,596,000 a year ago. Non-GAAP net income attributable to the company shareholders was $5,040,000 or $0.11 per basic and diluted share against $5,504,000 or $0.15 per basic and diluted share a year ago. For the nine months, revenues were $121,786,000 against $103,766,000 a year ago. Operating income was $16,652,000 against $13,678,000 a year ago. Net income was $13,503,000 against $11,950,000 a year ago. Net income attributable to the company’s shareholders was $12,584,000 or $0.29 per basic and diluted share against $11,190,000 or $0.30 per basic and diluted share a year ago. Non-GAAP operating income was $18,858,000 or $0.34 per basic and diluted share against $15,877,000 or $0.36 per diluted share a year ago. Non-GAAP revenues were $121,786,000 against $103,766,000 a year ago. Non-GAAP net income attributable to the company shareholders was $14,717,000 or $0.34 per basic and diluted share against $13,536,000 or $0.36 per diluted share a year ago. The company is on track to meet its revenue guidance of $161 million to $165 million for the full-year 2014.

Petzl Group Selects Magic Software Enterprises Ltd.'s Magic Xpi Integration Platform for Business Process Automation

Magic Software Enterprises Ltd. announced that the Petzl Group has selected the Magic xpi Integration Platform for business process automation for its international operations. After deploying Salesforce CRM solution and migrating its back-office applications to SAP, Petzl's ETL solution no longer met the company's requirements. Petzl required an efficient and agile BMP/SOA solution to manage and execute business processes across its new IT architecture and meet its criteria, including: Certified by Salesforce and SAP, backed up by several references, Capable of managing secure synchronous business processes in a hybrid environment, An agile open system capable of automating and streamlining business processes across multiple applications, services and databases, A solution that met its cost and ease of implementation requirements. After assessing the solutions of five providers, Petzl chose the Magic xpi Integration Platform.

 

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