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