Form 6-K MAGIC SOFTWARE ENTERPRIS For: Nov 08
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Magic Software Enterprises (MGIC) Lowers Guidance
November 8, 2023 7:31 AM ESTMagic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the Company), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.
During the latter half of the third quarter of 2023, we experienced a substantial and unexpected decline in demand for our software services from several of our important U.S.-based blue-chip customers which, without any advance notification, decided to immediately suspend active time and materials based projects. This reduced... More
