MGIC Q3 2023 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

Q3 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$129M-10.1% YoY

Gross Profit

$37M28.4% margin

Operating Income

$13M10.3% margin

Net Income

$7M5.5% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

-5.9%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$23M

Stock-Based Comp.

$600,000

Balance Sheet

Total Assets

$502M

Total Liabilities

$232M

Stockholders' Equity

$250M

Cash & Equivalents

$106M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$129M	$144M	-10.1%
Gross Profit	$37M	$39M	-6.4%
Operating Income	$13M	$16M	-17.3%
Net Income	$7M	$12M	-38.8%