MGICMagic Software Enterprises Ltd.

$853M

Q1 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$142M+2.7% YoY

Gross Profit

$39M27.3% margin

Operating Income

$15M10.8% margin

Net Income

$10M7.1% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

-3.2%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$18M

Stock-Based Comp.

$622,000

Balance Sheet

Total Assets

$521M

Total Liabilities

$252M

Stockholders' Equity

$255M

Cash & Equivalents

$103M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$142M	$139M	+2.7%
Gross Profit	$39M	$38M	+3.5%
Operating Income	$15M	$16M	-3.7%
Net Income	$10M	$10M	+4.0%

MGIC Q1 2023 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena