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MAGIC SOFTWARE ENTERPRISES LTD

MAGIC SOFTWARE ENTERPRISES LTDMGICEarnings & Financial Report

Nasdaq · Information Technology · Services-Prepackaged Software

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.

Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022

Revenue

$275.7M

Gross Profit

$74.2M

Operating Profit

$31.1M

Net Profit

$22.2M

Gross Margin

26.9%

Operating Margin

11.3%

Net Margin

8.1%

YoY Growth

N/A

MAGIC SOFTWARE ENTERPRISES LTD Q2 FY2023 Financial Summary

MAGIC SOFTWARE ENTERPRISES LTD reported revenue of $275.7M for Q2 FY2023, with a net profit of $22.2M (8.1% margin). Cost of goods sold was $201.5M, operating expenses totaled $43.1M.

Key Financial Metrics

Total Revenue$275.7M
Net Profit$22.2M
Gross Margin26.9%
Operating Margin11.3%
Report PeriodQ2 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.

QuarterRevenueRevenue YoYNet ProfitNet Margin
Q3 FY2023$419.6M—$35.3M8.4%
Q2 FY2023$275.7M—$22.2M8.1%
Q1 FY2023$138.7M—$11.3M8.1%
Q3 FY2022$347.3M—$26.6M7.7%
Q2 FY2022$226.5M—$17.9M7.9%
Q1 FY2022$107.3M—$8.8M8.2%

Income Statement

Q1 2022Q2 2022Q3 2022Q1 2023Q2 2023Q3 2023
Revenue$107.3M$226.5M$347.3M$138.7M$275.7M$419.6M
YoY GrowthN/AN/AN/AN/AN/AN/A

Balance Sheet

Q1 2022Q2 2022Q3 2022Q1 2023Q2 2023Q3 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 2022Q2 2022Q3 2022Q1 2023Q2 2023Q3 2023
Operating CF$15.9M$28.0M$34.2M$12.8M$18.4M$40.3M