Use access key #2 to skip to page content.

EnigmaDude (94.41)

Would you like to own some Magic Software?

Recs

6

November 03, 2010 – Comments (0) | RELATED TICKERS: MGIC

Yes, We Can!  I mean, who would not want to own some?

Magic Software Enterprises Ltd (MGIC) announced 3Q earnings today and the stock is up nearly 20% on the news.

Magic Software Triples Operating Profits for Third Quarter of 2010

Third quarter revenues increased 66% year-over-year from $13.5 million to $22.4 million , and 4% from the second quarter of 2010;

Operating income for the third quarter tripled to $2.5 million compared to $0.8 million in the same period last year;

Operating and net income for the nine-month period of 2010 more than doubled to $6.3 million, compared to $2.5 million and $2.7 million respectively in the same period last year;

Operating cash flow for the first nine-months of 2010 increased 106% to $8.9 million compared to $ $4.3 million in the same period last year.

0 Comments – Post Your Own

Featured Broker Partners


Advertisement