Magic Software: Q2 Earnings Snapshot

August 11, 2022 GMT

OR YEHUDA, Israel (AP) _ Magic Software Enterprises Ltd. (MGIC) on Thursday reported second-quarter profit of $9.5 million.

The Or Yehuda, Israel-based company said it had net income of 16 cents per share. Earnings, adjusted for non-recurring costs, came to 24 cents per share.

The business process integration software company posted revenue of $137 million in the period.

Magic Software expects full-year revenue in the range of $545 million to $555 million.

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