Magic Software Enterprises Ltd
NASDAQ:MGIC

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Magic Software Enterprises Ltd
NASDAQ:MGIC
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Price: 10.99 USD 0.64% Market Closed
Market Cap: 539.6m USD
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Income Statement

Earnings Waterfall
Magic Software Enterprises Ltd

Revenue
522m USD
Cost of Revenue
-372.7m USD
Gross Profit
149.3m USD
Operating Expenses
-93.6m USD
Operating Income
55.7m USD
Other Expenses
-22.3m USD
Net Income
33.4m USD

Income Statement
Magic Software Enterprises Ltd

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Income Statement
Currency: USD
Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
158
N/A
163
+3%
164
+1%
164
0%
166
+1%
171
+3%
176
+3%
180
+3%
185
+3%
195
+5%
202
+4%
218
+8%
236
+8%
247
+5%
258
+4%
267
+3%
272
+2%
278
+2%
284
+2%
286
+1%
293
+2%
307
+5%
326
+6%
339
+4%
348
+3%
358
+3%
371
+4%
393
+6%
426
+8%
452
+6%
480
+6%
512
+7%
530
+3%
553
+4%
567
+3%
571
+1%
571
+0%
557
-3%
535
-4%
523
-2%
522
0%
Gross Profit
Cost of Revenue
(94)
(99)
(100)
(100)
(103)
(108)
(113)
(118)
(121)
(127)
(133)
(145)
(159)
(167)
(175)
(181)
(184)
(190)
(196)
(199)
(203)
(211)
(224)
(234)
(243)
(251)
(262)
(278)
(303)
(325)
(347)
(371)
(385)
(402)
(411)
(414)
(411)
(399)
(382)
(373)
(373)
Gross Profit
64
N/A
64
+0%
65
+0%
63
-2%
63
-1%
63
+0%
63
0%
63
N/A
64
+2%
67
+5%
68
+2%
73
+6%
77
+6%
80
+3%
83
+4%
87
+4%
88
+1%
88
+0%
89
+1%
88
-1%
91
+3%
96
+7%
102
+6%
105
+3%
105
+0%
107
+2%
110
+2%
115
+5%
123
+7%
127
+3%
133
+5%
140
+6%
144
+3%
151
+5%
155
+3%
157
+1%
160
+2%
158
-2%
153
-3%
151
-1%
149
-1%
Operating Income
Operating Expenses
(43)
(42)
(44)
(43)
(42)
(42)
(41)
(42)
(43)
(46)
(47)
(50)
(54)
(55)
(57)
(59)
(59)
(59)
(57)
(55)
(58)
(63)
(69)
(71)
(69)
(69)
(68)
(73)
(78)
(81)
(81)
(84)
(86)
(88)
(94)
(96)
(99)
(100)
(96)
(95)
(94)
Selling, General & Administrative
(38)
(38)
(39)
(38)
(37)
(38)
(37)
(37)
(38)
(41)
(41)
(44)
(47)
(48)
(50)
(52)
(52)
(52)
(51)
(65)
(66)
(70)
(60)
(62)
(61)
(60)
(59)
(61)
(66)
(68)
(62)
(73)
(74)
(77)
(76)
(86)
(89)
(89)
(77)
(83)
(82)
Research & Development
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(7)
(7)
(7)
(7)
(7)
(6)
(6)
(6)
(7)
(8)
(8)
(9)
(8)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
(10)
(10)
(10)
(10)
(10)
(11)
(11)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(7)
0
0
0
(8)
0
0
0
(8)
0
0
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15
15
15
0
0
0
0
0
(4)
(4)
(3)
(3)
(3)
(2)
(2)
1
0
0
(1)
(0)
(1)
(1)
Operating Income
22
N/A
22
+3%
21
-6%
21
0%
21
+1%
21
-1%
21
+4%
21
-2%
21
0%
22
+3%
21
-2%
22
+5%
23
+5%
24
+5%
26
+7%
27
+5%
29
+6%
30
+2%
32
+7%
33
+3%
33
N/A
33
+2%
34
+1%
34
+1%
36
+5%
38
+7%
42
+9%
42
N/A
45
+7%
46
+2%
52
+14%
56
+7%
58
+4%
63
+8%
62
-2%
61
-1%
61
+1%
58
-5%
57
-2%
56
-2%
56
-1%
Pre-Tax Income
Interest Income Expense
(1)
(1)
(2)
(3)
(2)
(1)
(1)
0
1
0
(0)
(1)
(1)
(2)
(2)
(1)
(0)
(0)
0
(0)
(1)
(1)
(1)
(1)
(2)
(2)
(1)
(3)
(3)
(3)
(1)
(3)
(3)
(2)
(1)
(3)
(3)
(4)
(1)
(5)
(7)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(4)
(3)
(4)
(3)
0
(0)
(0)
(4)
(0)
0
Pre-Tax Income
21
N/A
21
+0%
19
-10%
18
-5%
18
+3%
19
+4%
21
+9%
21
+2%
21
+1%
22
+0%
21
-4%
21
+3%
22
+1%
23
+5%
24
+7%
26
+7%
28
+10%
29
+2%
32
+10%
32
+1%
32
0%
33
+2%
33
N/A
34
+4%
34
+2%
37
+7%
37
+2%
39
+5%
42
+7%
43
+1%
46
+7%
49
+8%
52
+7%
57
+9%
57
+1%
58
+0%
58
+1%
54
-7%
52
-3%
51
-4%
49
-3%
Net Income
Tax Provision
(2)
(3)
(2)
(2)
(2)
(3)
(4)
(5)
(5)
(5)
(4)
(4)
(5)
(6)
(6)
(7)
(7)
(6)
(7)
(7)
(7)
(7)
(7)
(7)
(8)
(8)
(7)
(8)
(8)
(8)
(10)
(11)
(13)
(13)
(11)
(11)
(10)
(10)
(10)
(10)
(10)
Income from Continuing Operations
18
18
17
16
16
16
17
17
17
17
17
18
17
17
18
19
22
23
25
25
25
25
26
26
27
29
30
32
34
35
35
38
40
44
46
47
49
44
43
41
39
Income to Minority Interest
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(5)
(5)
(5)
(5)
(3)
(3)
(4)
(4)
(5)
(5)
(5)
(6)
(5)
(6)
(5)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
Net Income (Common)
17
N/A
17
N/A
16
-10%
15
-1%
16
+1%
16
N/A
16
+5%
16
-3%
16
N/A
16
-1%
12
-23%
13
+5%
12
-4%
12
-2%
15
+31%
16
+3%
18
+13%
19
+7%
20
+4%
21
+4%
20
-4%
20
N/A
20
+3%
21
+2%
22
+4%
24
+10%
25
+6%
27
+6%
29
+8%
29
+1%
30
+2%
32
+7%
34
+6%
38
+12%
41
+7%
41
+1%
43
+4%
38
-11%
37
-3%
36
-4%
33
-6%
EPS (Diluted)
0.38
N/A
0.38
N/A
0.36
-5%
0.36
N/A
0.36
N/A
0.35
-3%
0.36
+3%
0.34
-6%
0.34
N/A
0.34
N/A
0.27
-21%
0.28
+4%
0.27
-4%
0.27
N/A
0.35
+30%
0.36
+3%
0.41
+14%
0.38
-7%
0.42
+11%
0.43
+2%
0.4
-7%
0.4
N/A
0.41
+2%
0.42
+2%
0.44
+5%
0.48
+9%
0.51
+6%
0.54
+6%
0.58
+7%
0.59
+2%
0.61
+3%
0.65
+7%
0.68
+5%
0.77
+13%
0.82
+6%
0.83
+1%
0.87
+5%
0.78
-10%
0.75
-4%
0.73
-3%
0.69
-5%

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