MGIC Q1 2024 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

Q1 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$131M-8.2% YoY

Gross Profit

$37M28.1% margin

Operating Income

$14M11.0% margin

Net Income

$9M6.7% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

+4.1%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$27M

Stock-Based Comp.

$891,000

Balance Sheet

Total Assets

$537M

Total Liabilities

$240M

Stockholders' Equity

$272M

Cash & Equivalents

$126M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$131M	$142M	-8.2%
Gross Profit	$37M	$39M	-5.6%
Operating Income	$14M	$15M	-6.0%
Net Income	$9M	$10M	-13.0%