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.

Magic Software Enterprises Ltd. announced that it has established a technology partnership with GigaSpaces Technologies, Inc. The partnership with GigaSpaces upholds Magic's commitment to provide its customers with future-ready solutions, providing optimal performance in light of increasing demands for big data, cloud computing, and the exponential growth of transactions as enterprises mobilize their business processes.