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Magic Software: 1Q Earnings Snapshot

OR YEHUDA, Israel (AP) _ Magic Software Enterprises Ltd. (MGIC) on Thursday reported first-quarter profit of $5.4 million.

On a per-share basis, the Or Yehuda, Israel-based company said it had profit of 11 cents. Earnings, adjusted for one-time gains and costs, were 14 cents per share.

The business process integration software company posted revenue of $71.8 million in the period.

Magic Software shares have risen 17% since the beginning of the year. The stock has climbed 11% in the last 12 months.


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