magic software enterprises (MGIC) Snapshot

Magic Software Enterprises Ltd. announced that BNP Real Estate has successfully upgraded and mobilized its key eBroker sales application using the Magic xpa Application Platform. The new iPad application allows all information about the company's real-estate assets to be used by BNP Real Estate's 400 salespeople in the field. In addition to desktop access, salespeople can now access the application on their iPads while in the field. The application fully complies with the BNP Paribas Group's security policy since connections are made using a highly secure RSA authentication token, data transits via 3G network or by Wi-Fi, and the IS Department implemented a new mobile device infrastructure.

Magic Software Enterprises Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $33,414,000 against $30,042,000 a year ago. Operating income was $4,641,000 against $4,225,000 a year ago. Income before taxes on income was $4,243,000 against $4,261,000 a year ago. Net income was $3,748,000 against $4,217,000 a year ago. Net income attributable to company’s shareholders was $3,520,000 or $0.10 per diluted share against $4,211,000 or $0.11 per diluted share in the same period a year ago. Non-GAAP net income was $4,240,000 or $0.11 per diluted share against $4,571,000 or $0.12 per diluted share year ago. Non-GAAP operating income for 12% to $5,200,000 compared to $4,700,000 in the same period last year.

Magic Software Enterprises Ltd. announced that Godrej Properties has implemented Magic xpi Integration Platform as its back-end integration engine for connecting its Salesforce.com and SAP R/3 systems. The Magic xpi integration enables Godrej Properties to automate many processes regarding its customers, sales, pricing, inventory, materials and billing, and maintain up-to-date data in both Salesforce.com and SAP R/3. By integrating data that was previously locked in separate silos, enterprises, such as Godrej Properties, enjoy increased synergies and efficiencies, including: a more complete view of their customers, real-time up-to-date data, automation of mundane tasks, fewer human errors, improved customer service, and increased customer and employee satisfaction. Magic’s enterprise-grade platform and certified connectors to the most popular business systems assure accurate, secure, scalable and high performance applications.