Magic Software Enterprises Ltd
NASDAQ:MGIC
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Magic Software Enterprises Ltd
NASDAQ:MGIC
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Magic Software Enterprises Ltd
Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. The firm is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. The company operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.
Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. The firm is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. The company operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.
Record Revenue: Magic Software posted an all-time quarterly revenue record of $151.6 million, up 11.3% year-over-year and 2.8% sequentially.
Guidance Raised: Full-year 2025 revenue guidance was increased to a new range of $600 million to $610 million, reflecting sustained operational momentum.
Geographic Strength: Israel delivered double-digit growth of 18.8%, and North American revenue rose 6.5% year-over-year.
Margin Dynamics: Gross margin for the quarter was 28.7%, impacted by revenue mix and software renewal timing, but sequentially improved by 20 basis points.
AI & Cloud Growth: Strong demand for AI, cloud, and DevOps services continues to drive growth, with 270+ GenAI projects underway and high project success rates.
Dividend Declared: Board approved a semiannual cash dividend of $0.296 per share, about $14.5 million aggregate, payable in October.
Merger Progress: The proposed merger with Matrix is moving forward, with a shareholder vote expected in Q4 2025.
