Last 2,473
Change Today -24.00 / -0.96%
Volume 3.6K
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As of 2:45 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

Open
$2,473
Previous Close
$2,497
Day High
$2,473
Day Low
$2,473
52 Week High
02/27/14 - $3,412
52 Week Low
08/26/13 - $2,155
Market Cap
1.1B
Average Volume 10 Days
24.2K
EPS TTM
$0.43
Shares Outstanding
44.1M
EX-Date
08/19/14
P/E TM
16.2x
Dividend
$0.19
Dividend Yield
3.06%
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

Magic Software Enterprises Ltd. Declares for the First Half of 2014, Payable on September 4, 2014

Magic Software Enterprises Ltd. announced that in compliance with its dividend distribution policy its Board of Directors has declared a cash dividend in the amount of $0.095 per share and in the aggregate amount of approximately $4.2 million for the first half of 2014. The dividend is payable on September 4, 2014 to all of the company's shareholders of record at the close of the NASDAQ Global Select Market on August 19, 2014.

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

Magic Software Enterprises Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $40.633 million compared to $34.756 million a year ago. Operating income was $5.127 million compared to $4.067 million a year ago. Income before taxes on income was $4.806 million compared to $3.945 million a year ago. Net income attributable to company shareholders was $3.852 million or $0.09 per diluted share compared to $3.481 million or $0.09 per diluted share a year ago. Non-GAAP net income attributable to company’s shareholders was $4.715 million or $0.11 per share compared to $3.792 million or $0.10 per share a year ago. Non-GAAP operating income was $6.023 million compared to $4.690 million a year ago. EBIT was increased to $6.02 million from $4.69 million a year ago. For six months, the company reported revenues of $81.582 million compared to $68.170 million a year ago. Operating income was $11.080 million compared to $8.708 million a year ago. Income before taxes on income was $10.620 million compared to $8.188 million a year ago. Net income attributable to company shareholders was $8.347 million or $0.20 per diluted share compared to $7.001 million or $0.19 per diluted share a year ago. Non-GAAP net income attributable to company’s shareholders was $9.677 million or $0.23 per share compared to $8.032 million or $0.22 per share a year ago. Non-GAAP operating income was $12.431 million compared to $9.921 million a year ago. The company said that its business visibility coupled with well-diversified portfolio and global reach gives the confidence to reassert its commitment to previously announced revenue guidance of $161 million to $165 million for the full-year 2014.

Magic Software Enterprises Ltd. Announces Next Version of its Multi-Channel Application Development Platform, Magic xpa 2.5

Magic Software Enterprises Ltd. announced the next version of its multi-channel application development platform, Magic xpa 2.5, along with a new Mobile Accelerator Framework, both designed to improve the user and developer experience for mobile business apps based on Magic technology. The proven, code-free, metadata-based Magic xpa Application Platform provides an easy-to-use, highly-productive and cost-effective development and deployment environment that lets organizations and ISVs quickly create multi-channel mobile and desktop business apps. Mobile enhancements in the Magic xpa 2.5 release include: Enriched User Experience: New form animation and color options, enhanced navigation features including native tab bars and navigation drawers, support for customized keyboards and additional native controls; Greater Platform Extensibility: Streamlined integration between the Magic platform and native code lets developers add more native capabilities; Improved Developer Productivity: Improved native integration environment makes developers more productive; Push Notifications: Developers can add push notifications across iOS and Android devices; Support of Additional Databases and Technologies: Compatible with latest database versions (e.g. Oracle 12) and technologies. The company also introduced its Mobile Accelerator Framework that includes pre-built component-based development modules and best practices. The reusable components speed development and reduce resources required to create multi-platform mobile applications. Magic xpa Application Platform and Magic Mobile Accelerator Framework are part of Magic's End-to-End Enterprise Mobility Solution which also includes Magic xpi Integration Platform, Magic Mobile Device Management and Magic Mobile Professional Services, providing a holistic solution for enterprises that want a cost-effective solution to provide secure, enterprise-grade mobile apps for customers, partners and employees.

 

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