Last 2,877
Change Today 0.00 / 0.00%
Volume 0.0
As of 7:24 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

magic software enterprises (MGIC) Snapshot

Open
$2,918
Previous Close
$2,918
Day High
$2,918
Day Low
$2,872
52 Week High
02/27/14 - $3,412
52 Week Low
05/16/13 - $1,873
Market Cap
1.3B
Average Volume 10 Days
122.1K
EPS TTM
$0.43
Shares Outstanding
44.1M
EX-Date
02/27/14
P/E TM
19.2x
Dividend
$0.24
Dividend Yield
2.58%
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. Provides Consulting Services for Two Strategic Communication and Infrastructure Projects for the Tel Aviv-Yafo Municipality

Magic Software Enterprises Ltd. announced that it has provided consulting services for two strategic communication and infrastructure projects for the Tel Aviv-Yafo Municipality through its Comm--IT subsidiary. The two complex projects included the architecture design and testing for an optical fiber broadband network and the design of the tender for a city-wide wireless internet project. Intended to save communication and infrastructure costs, the Metro network will support thousands of phone lines and security cameras around the city, serving various municipal systems and act as the infrastructure for future systems.

Magic Software Seeks Acquisitions

Magic Software Enterprises Ltd. (NasdaqGS:MGIC) is looking for acquisition opportunities. It has secured $6 million though offering of ordinary shares at $8.50 per share. It intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, funding of its working capital needs and funding of potential acquisitions.

Magic Software Seeks Acquisitions

Magic Software Enterprises Ltd. (NasdaqGS:MGIC) is looking for acquisition opportunities. Magic announces proposed public offering of its shares and intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, funding of its working capital needs and funding of potential acquisitions.

 

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