Earnings Summary

Magic Software Enterprises’s revenue jumped 0.44% since last year same period to $137.58Mn in the Q2 2023. On a quarterly growth basis, Magic Software Enterprises has generated -3.41% fall in its revenue since last 3-months.

Magic Software Enterprises’s net profit jumped 19.05% since last year same period to $11.29Mn in the Q2 2023. On a quarterly growth basis, Magic Software Enterprises has generated 11.73% jump in its net profits since last 3-months.

Magic Software Enterprises’s net profit margin jumped 18.52% since last year same period to 8.21% in the Q2 2023. On a quarterly growth basis, Magic Software Enterprises has generated 15.68% jump in its net profit margins since last 3-months.

Magic Software Enterprises’s earning per share (EPS) estimates for the current quarter stand at 0.25 - a -3.85% fall from last quarter’s estimates.

Magic Software Enterprises’s earning per share (EPS) estimates for the current year stand at 0.25.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Magic Software Enterprises’s return on assets (ROA) stands at 0.07.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Magic Software Enterprises’s return on equity (ROE) stands at 0.17.