May. 21 at 11:10 AM
$MGIC Magic Software reports Q1 EPS 25c vs 23c last year
Reports Q1 revenue
$147.3M vs
$130.7M last year. Guy Bernstein, Chief Executive Officer of Magic Software, said: "We commenced 2025 with strong momentum, successfully advancing our strategic growth initiatives and executing agreements with both new and existing customers. Our financial performance reflects continued expansion in the Israeli market, alongside early indications of recovery in the United States.
Demand for our innovative digital, artificial intelligence and cloud transformation solutions remains robust, along with continued strong demand for our services in the defense sector, underscoring the effectiveness of our strategic direction and the dedication of our team in delivering measurable results. Given the strength of our current sales pipeline and improving market conditions in the U.S., we remain confident in our ability to generate sustainable long-term value for both our customers and shareholders."
