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Magic Software Enterprises (MGIC)

Magic Software Enterprises (MGIC)
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Magic Software Enterprises, a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners. (PRESS RELEASE)

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 552,520 535,050 566,790 480,330 371,190
Sales Growth +3.27% -5.60% +18.00% +29.40% +13.99%
Net Income 36,880 37,030 40,470 29,330 25,190
Net Income Growth -0.41% -8.50% +37.98% +16.44% +24.27%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 540,330 522,410 505,140 492,050 447,390
Total Assets Growth +3.43% +3.42% +2.66% +9.98% +10.57%
Total Liabilities 239,260 231,460 228,830 216,380 178,380
Total Liabilities Growth +3.37% +1.15% +5.75% +21.30% +27.50%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 74,830 68,990 56,620 37,810 52,300
Operating Cash Flow Growth +8.47% +21.85% +49.75% -27.71% +13.82%
Net Cash Flow 6,840 22,880 -5,030 -40 6,210
Change in Net Cash Flow -70.10% +554.87% -12,475.31% -100.64% +219.19%
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