Formula Systems (FORTY) Reports Q4 EPS of $0.29

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Formula Systems Reports Fourth Quarter and Full Year Results for 2015

March 15, 2016 5:25 AM EDT

OR YEHUDA, Israel, March 15, 2016 /PRNewswire/ -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology company engaged primarily, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2015.

Financial Highlights for the Fourth Quarter of 2015

Revenues for the fourth quarter ended December 31, 2015 increased 27.1% to $205.9 million, compared to $162.0 million... More