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Formula Systems: 2Q Earnings Snapshot

OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Thursday reported second-quarter profit of $7.6 million.

The Or Yehuda, Israel-based company said it had profit of 51 cents per share.

The information technology company posted revenue of $363.5 million in the period.

Formula Systems shares have decreased 12 percent since the beginning of the year. The stock has declined 1.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FORTY at https://www.zacks.com/ap/FORTY