Magic Software: Q2 Earnings Snapshot

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OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Magic Software Enterprises Ltd. (MGIC) on Monday reported profit of $11.3 million in its second quarter.

The Or Yehuda, Israel-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.

The business process integration software company posted revenue of $137.6 million in the period.

Magic Software expects full-year revenue in the range of $570 million to $580 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

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