MGIC Q2 2023 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

Q2 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$138M+0.4% YoY

Gross Profit

$40M29.3% margin

Operating Income

$15M11.2% margin

Net Income

$11M8.2% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

-3.4%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$24M

Stock-Based Comp.

$609,000

Balance Sheet

Total Assets

$530M

Total Liabilities

$242M

Stockholders' Equity

$262M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$137M	+0.4%
Gross Profit	$40M	$37M	+10.1%
Operating Income	$15M	$15M	+4.9%
Net Income	$11M	$10M	+18.2%