MAGIC SOFTWARE ENTERPRISES LTDMGICEarnings & Financial Report
Magic Software Enterprises provides low-code integration and data management platforms that simplify the connection between legacy on-premise systems and modern cloud applications. Its flagship products — Magic xpi Integration Platform and FactoryEye Smart Factory Solution, enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.
MGIC Q3 FY2023 Key Financial Metrics
Revenue
$419.6M
Gross Profit
$113.5M
Operating Profit
$47.6M
Net Profit
$35.3M
Gross Margin
27.1%
Operating Margin
11.3%
Net Margin
8.4%
YoY Growth
N/A
MAGIC SOFTWARE ENTERPRISES LTD Q3 FY2023 Financial Summary
MAGIC SOFTWARE ENTERPRISES LTD reported revenue of $419.6M for Q3 FY2023, with a net profit of $35.3M (8.4% margin). Cost of goods sold was $306.1M, operating expenses totaled $65.9M.
Key Financial Metrics
| Total Revenue | $419.6M |
|---|---|
| Net Profit | $35.3M |
| Gross Margin | 27.1% |
| Operating Margin | 11.3% |
| Report Period | Q3 FY2023 |
MAGIC SOFTWARE ENTERPRISES LTD Quarterly Revenue & Net Profit History
MAGIC SOFTWARE ENTERPRISES LTD results over the last 6 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2023 | $419.6M | — | $35.3M | 8.4% |
| Q2 FY2023 | $275.7M | — | $22.2M | 8.1% |
| Q1 FY2023 | $138.7M | — | $11.3M | 8.1% |
| Q3 FY2022 | $347.3M | — | $26.6M | 7.7% |
| Q2 FY2022 | $226.5M | — | $17.9M | 7.9% |
| Q1 FY2022 | $107.3M | — | $8.8M | 8.2% |
Income Statement
| Q1 2022 | Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | Q3 2023 | |
|---|---|---|---|---|---|---|
| Revenue | $107.3M | $226.5M | $347.3M | $138.7M | $275.7M | $419.6M |
| YoY Growth | N/A | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q1 2022 | Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | Q3 2023 | |
|---|---|---|---|---|---|---|
| Assets | $492.0M | $492.0M | $492.0M | $505.1M | $505.1M | $505.1M |
| Liabilities | $216.4M | $216.4M | $216.4M | $228.8M | $228.8M | $228.8M |
| Equity | $275.7M | $275.7M | $275.7M | $276.3M | $276.3M | $276.3M |
Cash Flow
| Q1 2022 | Q2 2022 | Q3 2022 | Q1 2023 | Q2 2023 | Q3 2023 | |
|---|---|---|---|---|---|---|
| Operating CF | $15.9M | $28.0M | $34.2M | $12.8M | $18.4M | $40.3M |