MGIC Q2 2024 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

Q2 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$136M-1.0% YoY

Gross Profit

$39M28.5% margin

Operating Income

$15M11.0% margin

Net Income

$9M6.7% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$13M

Stock-Based Comp.

$304,000

Balance Sheet

Total Assets

$527M

Total Liabilities

$233M

Stockholders' Equity

$269M

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$136M	$138M	-1.0%
Gross Profit	$39M	$40M	-3.6%
Operating Income	$15M	$15M	-2.6%
Net Income	$9M	$11M	-19.3%