MGIC FY 2023 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

FY 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$535M-5.6% YoY

Gross Profit

$153M28.6% margin

Operating Income

$57M10.7% margin

Net Income

$37M6.9% margin

EPS (Diluted)

$0.75

Cash Flow

Operating Cash Flow

$69M

Free Cash Flow

$67M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$522M

Total Liabilities

$231M

Stockholders' Equity

$266M

Cash & Equivalents

$106M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$535M	$567M	-5.6%
Gross Profit	$153M	$155M	-1.5%
Operating Income	$57M	$61M	-7.0%
Net Income	$37M	$40M	-8.5%