Magic Software: Q4 Earnings Snapshot
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OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Magic Software Enterprises Ltd. (MGIC) on Wednesday reported profit of $8.5 million in its fourth quarter.
The Or Yehuda, Israel-based company said it had profit of 17 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.
The business process integration software company posted revenue of $125.5 million in the period.
For the year, the company reported profit of $37 million, or 75 cents per share. Revenue was reported as $535.1 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
