Magic Software Enterprises

Magic Software Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Acquisition, Research, Bank statement, Exercise, Magic Software Enterprises, Magic, GAAP, Judgement, Growth, Cryptocurrency, Bank, Commercial property, Bookkeeping

Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.

Key Points: 
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors.
  • Magic Software urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.
  • Reconciliation of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included in the financial tables of this release.

MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Wednesday, November 8, 2023
Shekel, Hamas, Magic Software Enterprises, GAAP, NIS, Exercise, Judgement, Magic, Bank statement, TASE, Health Management Associates (Florida company), MGIC, Beauty salon, Video game, Bank

Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Company will announce results for the third quarter of 2023 on November 14, 2023
    Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.
  • Magic Software’s management will host a conference call on Tuesday, November 14, 2023, at 9:00 am Eastern Standard Time (16:00 Israel time) to review and discuss Magic Software’s third quarter 2023 results.
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • Magic Software urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Magic Software Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023
Exercise, Health Management Associates (Florida company), Bank statement, Policy, GAAP, Research, Judgement, Acquisition, Magic Software Enterprises, Holding company, Cryptocurrency, Security (finance), Bank, Magic

OR YEHUDA, Israel, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Guy Bernstein, Chief Executive Officer of Magic Software, said: “Revenue in the second quarter of 2023 amounted to $137.6 million, up 0.4% from the second quarter of 2022.
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors.
  • Magic Software urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Magic Software Reports First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 18, 2023
Exercise, Health Management Associates (Florida company), Bank statement, GAAP, Research, Judgement, Acquisition, Magic Software Enterprises, Growth, Development, Cryptocurrency, Security (finance), Bank, Magic

Guy Bernstein, Chief Executive Officer of Magic Software, said: “Magic delivered a solid first quarter, with revenues increasing year-over-year by 3% (8% on a constant currency basis)” stated Guy Berenstein, CEO of Magic.

Key Points: 
  • Guy Bernstein, Chief Executive Officer of Magic Software, said: “Magic delivered a solid first quarter, with revenues increasing year-over-year by 3% (8% on a constant currency basis)” stated Guy Berenstein, CEO of Magic.
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors.
  • Magic Software urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

SOHU.COM REPORTS FIRST QUARTER 2023 UNAUDITED FINANCIAL RESULTS

Retrieved on: 
Monday, May 15, 2023
Online, Ducati L-twin engine, Table, Marketing, Instability, TCJA, GAAP, Investment, Magic Software Enterprises, Advertising, TLBB, APA, China Securities Regulatory Commission, Growth, Total, MAU, COVID-19, Ministry, PCAOB, PIN, Legacy, Toll, Bank statement, ADS, Income tax, Republic, Annual report, Video game, Cryptocurrency, Bank, Pharmaceutical industry, Lists of stars, Changyou, Sohu

BEIJING, May 15, 2023 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, May 15, 2023 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the first quarter ended March 31, 2023.
  • The non-GAAP financial measures are provided to enhance investors' overall understanding of Sohu's current financial performance and prospects for the future.
  • Financial information in this press release other than the information indicated as being non-GAAP is derived from Sohu's unaudited financial statements prepared in accordance with GAAP.
  • Sohu's management team will host a conference call at 7:30 a.m. U.S. Eastern Time, May 15, 2023 (7:30 p.m. Beijing/Hong Kong time, May 15, 2023) following the quarterly results announcement.

Senstar Technologies Announces Appointment of Amit Ben-Zvi to Board of Directors

Retrieved on: 
Monday, April 24, 2023
Bachelor, Magic Software Enterprises, Wizcom Technologies, Information management, SNT, FIMI, TASE, Partnership, General Motors Europe, Management, Tel Aviv University, Unitron, Accounting

RAMAT GAN, Israel, April 24, 2023 /PRNewswire/ -- Senstar Technologies (NASDAQ: SNT), a leading provider of sensing and information management solutions for the protection of critical infrastructure, announced today the appointment of Amit Ben-Zvi to the Senstar Technologies Board of Directors, effective April 21, 2023.

Key Points: 
  • RAMAT GAN, Israel, April 24, 2023 /PRNewswire/ -- Senstar Technologies (NASDAQ: SNT), a leading provider of sensing and information management solutions for the protection of critical infrastructure, announced today the appointment of Amit Ben-Zvi to the Senstar Technologies Board of Directors, effective April 21, 2023.
  • Mr. Ben-Zvi has served as a Senior Partner of FIMI Opportunity Fund since 2012.
  • From 1998 to 2012, Mr. Ben-Zvi served in senior executive positions: COO at Top Image Systems (NASDAQ: TASE), CEO at ISYS Operational Management Systems, CEO at Wizcom Technologies (FRANKFURT), GM Europe & Japan at Magic Software Enterprise (NASDAQ: TASE) and CEO at Hermes Logistics Technologies.
  • degree (Bachelor of Law), Cum Laude, from Tel Aviv University.

Magic Software Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)

Retrieved on: 
Thursday, March 9, 2023
Acquisition, International Accounting Standards Committee, International, Research, Judgement, Annual report, Growth, International Accounting Standards Board, Exercise, Health Management Associates (Florida company), GAAP, Organization, Bank statement, Magic, Magic Software Enterprises, Policy, Holding company, Cryptocurrency, Security (finance), Bank

Operating income for the year increased by 19.8% to a record-breaking $61.4 million compared to $51.2 million last year.

Key Points: 
  • Operating income for the year increased by 19.8% to a record-breaking $61.4 million compared to $51.2 million last year.
  • Non-GAAP operating income for the year increased by 11.0% to a record-breaking $74.1 million compared to $66.8 million last year.
  • Guy Bernstein, Chief Executive Officer of Magic Software, said: “I am very proud of our fourth quarter and full year achievements.
  • This press release contains the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP operating income, non-GAAP net income attributable to Magic Software’s shareholders and non-GAAP basic and diluted earnings per share.

SOHU.COM REPORTS FOURTH QUARTER AND FISCAL YEAR 2022 UNAUDITED FINANCIAL RESULTS

Retrieved on: 
Tuesday, February 21, 2023
Online, Bank statement, APA, TCJA, MAU, PCAOB, Changyou, Toll, Instability, PIN, China Securities Regulatory Commission, ADS, GAAP, Annual report, Marketing, Growth, Sea, Income tax, Investment, Security (finance), Table, Magic Software Enterprises, Republic, Advertising, COVID-19, TLBB, Tencent, Total, Ministry, Video game, Tourism, Reinsurance, Pharmaceutical industry, Bank, Cryptocurrency, Sohu, Sogou

Thanks to our efforts, brand advertising revenue and bottom line performance both exceeded our prior guidance for the fourth quarter of 2022.

Key Points: 
  • Thanks to our efforts, brand advertising revenue and bottom line performance both exceeded our prior guidance for the fourth quarter of 2022.
  • Both GAAP and non-GAAP gross margin for online games were 84%, compared with 84% in the fourth quarter of 2021 and 84% in the third quarter of 2022.
  • GAAP operating loss was US$6 million, compared with an operating loss of US$3 million in the fourth quarter of 2021 and an operating loss of US$18 million in the third quarter of 2022.
  • Non-GAAP operating loss was US$5 million, compared with an operating loss of US$3 million in the fourth quarter of 2021 and an operating loss of US$17 million in the third quarter of 2022.

Magic Software's Magic Pathsala Announces Partnership with Kapil Dev's Khushii

Retrieved on: 
Wednesday, January 25, 2023
CSR, Magic Software Enterprises, NGO, Child care, Digital, Magic, Partnership, Education, Entertainment, Noida, NOIDA

NOIDA, India, Jan. 25, 2023 /PRNewswire/ -- Magic Pathshala, the CSR arm of Magic Software, has collaborated with Khushii, an independent, not-for-profit, child care NGO, founded by former Indian cricketer, Mr. Kapil Dev.

Key Points: 
  • NOIDA, India, Jan. 25, 2023 /PRNewswire/ -- Magic Pathshala, the CSR arm of Magic Software, has collaborated with Khushii, an independent, not-for-profit, child care NGO, founded by former Indian cricketer, Mr. Kapil Dev.
  • To commemorate the partnership, Mr. Kapil Dev made a guest appearance at the Magic's office in Noida on Jan 25, 2023.
  • Others present at the event included Mr. Arjun Malhotra, Chairman of Magic Software and Mr. Acky Kamdar, CEO of Magic Software.
  • "Magic Pathshala is happy to commit our support to Mr. Kapil Dev's initiative, Khushii.

Magic Software Announces Filing of 2021 Annual Report

Retrieved on: 
Thursday, May 12, 2022
Risk, U.S. Securities and Exchange Commission, Mission statement, NASDAQ, TASE, MGIC, Magic Software Enterprises, Annual report, Security (finance), Technology, GLOBE, Magic

The annual report is available on the Companys website (www.magicsoftware.com).

Key Points: 
  • The annual report is available on the Companys website (www.magicsoftware.com).
  • Shareholders may receive a hard copy of the annual report free of charge upon request.
  • Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) is a global provider of mobile and cloud-enabled application and business integration platforms.
  • Magic is a registered trademark of Magic Software Enterprises Ltd. All other product and company names mentioned herein are for identification purposes only and are the property of, and might be trademarks of, their respective owners.