Magic Software Enterprises (MGIC) Reports Q4 EPS of $0.13

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Magic Reports Fourth Quarter and Full Year 2020 Financial Results with Record-Breaking Annual Revenues of $371.2 million - a 14% Year Over Year Increase

March 8, 2021 6:53 AM EST

Or Yehuda, Israel, March 08, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platform solutions and IT consulting services, announced today its financial results for the fourth quarter and full year ended December 31, 2020.

Financial Highlights for the Fourth Quarter Ended December 31, 2020

Revenues for the fourth quarter increased 15% to a record-breaking $104.6 million compared to $90.9 million in the same period last year.Operating income for the fourth quarter increased 26% to $11.0 million compared to... More