Magic Software: Q1 Earnings Snapshot
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OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Magic Software Enterprises Ltd. (MGIC) on Thursday reported net income of $10.1 million in its first quarter.
The Or Yehuda, Israel-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs, came to 26 cents per share.
The business process integration software company posted revenue of $142.4 million in the period.
Magic Software expects full-year revenue in the range of $585 million to $593 million.
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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 MGIC at https://www.zacks.com/ap/MGIC
