MGIC Q3 2024 Earnings — Magic Software Enterprises Ltd. Revenue & Financial Results | Market Cap Arena

MGICMagic Software Enterprises Ltd.

$853M

Q3 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$143M+10.4% YoY

Gross Profit

$40M27.8% margin

Operating Income

$15M10.5% margin

Net Income

$8M5.9% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+4.9%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$7M

Stock-Based Comp.

$521,000

Balance Sheet

Total Assets

$526M

Total Liabilities

$222M

Stockholders' Equity

$279M

Cash & Equivalents

$99M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$143M	$129M	+10.4%
Gross Profit	$40M	$37M	+7.7%
Operating Income	$15M	$13M	+13.1%
Net Income	$8M	$7M	+18.0%