Magic Software Enterprises NASDAQ:MGIC is reporting this earnings, what to expect.


Magic Software Enterprises NASDAQ:MGIC is reporting this earnings, what to expect.

Magic Software Enterprises NASDAQ:MGIC headquartered in Or Yehuda, Israel is reporting their earnings on 05/16/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.13.

According to stock market daily analyst this is Lower then same time previous year. Magic Software Enterprises, reported EPS for the same quarter last year was $0.13.



Overview of Magic Software Enterprises NASDAQ:MGIC

Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) is a global provider of enterprise-grade application development and business process integration software solutions and a vendor of a broad range of software and IT services (hereafter referred to as “Magic Group”).

Our software solutions are used by thousands of customers of all sizes to develop, deploy and integrate on-premise, mobile and cloud-based business applications quickly and cost effectively to improve operational efficiency and innovation, allowing customers to dramatically improve their business performance and return on investment.

Using our products, enterprises and Magic solution providers can achieve fast time-to-market by rapidly building integrated solutions, deploying them in multiple environments while leveraging existing IT resources. In addition, our products are scalable and platform-agnostic, enabling our customers to build solutions by specifying their business logic requirements in a high-level language rather than in computer code, and to benefit from seamless platform upgrades and cross-platform functionality without the need to re-write their applications. Our technology also supports the development of mobile applications that can be deployed on a variety of smartphones and tablets, and in cloud environments.

Our IT services include planning, management and consulting services for complex large-scale infrastructure, application development, and technology implementation projects for telecoms, municipalities, cyber security, command & control and other areas. We also offer a range of technical staffing solutions that enable companies to supplement their in-house resources and capabilities.

Magic Group’s 1,000+ employees operate in more than 50 countries directly and through a network of over 3,000 partners including independent software vendors, system integrators, distributors, resellers, and consulting and OEM partners.

Magic Group is a member of the Formula Systems Group (NASDAQ and TASE: FORTY). Formula Systems Group subsidiaries and affiliates develop and implement innovative, proprietary software, services and solutions, turnkey projects and outsourcing services as well as provide software distribution and support services.

In November 2010, Asseco Poland S.A. (WSE: ASSECOPOL), the 6th largest software vendor in Europe according to the 2013 Truffle 100, acquired a controlling stake in Formula and currently beneficially owns 46.3% of Formula Systems’ issued and outstanding ordinary shares.

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