Magic Software: Q3 Earnings Snapshot
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OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Magic Software Enterprises Ltd. (MGIC) on Tuesday reported net income of $7.1 million in its third quarter.
On a per-share basis, the Or Yehuda, Israel-based company said it had profit of 15 cents. Earnings, adjusted for non-recurring costs, came to 21 cents per share.
The business process integration software company posted revenue of $129.5 million in the period.
For the current quarter ending in December, Magic Software said it expects revenue in the range of $115 million to $125 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
