Magic Software Enterprises Ltd. has posted its financial results for the first half of fiscal 2025, highlighting a 12.0% increase in revenues to $299 million, compared to $267 million in the same period of the previous year. The company also reported an operating income increase of 6.5% to $31.4 million from $29.5 million year-over-year. Net income attributable to shareholders rose by 8.8% to $19.4 million, or $0.40 per fully diluted share, up from $17.8 million, or $0.36 per fully diluted share, in the same period last year. For the second quarter of 2025, operating income grew by 4.0% to $15.6 million, while net income increased by 9.8% to $9.9 million, or $0.20 per fully diluted share. Non-GAAP figures show a 1.9% rise in operating income for the first half to $37.1 million and a net income increase of 8.5% to $24.9 million, or $0.51 per fully diluted share. Cash flow from operating activities for the first half amounted to $21.2 million, a decrease from $41.4 million in the prior year. Magic Software's CEO, Guy Bernstein, noted the company's robust performance, emphasizing growth across key financial metrics and strong demand for its digital, artificial intelligence, and cloud transformation solutions. As of June 30, 2025, the company held $90 million in cash, cash equivalents, and short-term bank deposits.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magic Software Enterprises Ltd. published the original content used to generate this news brief on August 17, 2025, and is solely responsible for the information contained therein.
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