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MAGIC SOFTWARE ENTERPRISES (MGIC)

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Recent press releases and 8-K filings for MGIC.

Magic Software Reports Record Q3 2025 Results and Raises Full-Year Guidance
MGIC
Earnings
Guidance Update
Dividends
M&A
  • Magic Software Enterprises Ltd. reported record-breaking revenues of $161.7 million for the third quarter of 2025, representing a 13.1% year-over-year increase.
  • For Q3 2025, GAAP operating income grew 13.6% to $17.1 million, and Non-GAAP operating income increased 8.1% to $19.9 million.
  • GAAP net income attributable to shareholders for the third quarter of 2025 was $9.9 million, or $0.20 per diluted share, an increase of 17.0% year-over-year.
  • The company raised its full-year 2025 revenue guidance to a range of $610 million to $620 million, up from the previous estimate of $600 million to $610 million.
  • Magic Software declared a quarterly cash dividend of 15.1 cents per share and announced a definitive agreement for a merger with Matrix I.T..
Nov 18, 2025, 12:32 PM
Magic Software to Report Q3 2025 Results, Forgoes Earnings Call Due to Merger
MGIC
Earnings
M&A
  • Magic Software Enterprises Ltd. (MGIC) will report its third quarter 2025 financial results on November 18, 2025.
  • The company will forgo its Q3 2025 Earnings Call.
  • This decision follows the announcement on November 3, 2025, of a definitive merger agreement with Matrix IT Ltd.
Nov 10, 2025, 12:19 PM
Magic Software Enterprises Enters Merger Agreement with Matrix IT
MGIC
M&A
Delisting/Listing Issues
Takeover Bid
  • Magic Software Enterprises Ltd. has entered into a definitive merger agreement with Matrix IT Ltd. on November 3, 2025, under which Magic will become a wholly-owned subsidiary of Matrix.
  • Magic shareholders will receive ordinary shares of Matrix as merger consideration, resulting in them holding 31.125% of Matrix's outstanding shares on a fully diluted basis post-merger.
  • Upon completion, Magic's shares on Nasdaq will be canceled, and shareholders will receive shares listed solely on the Tel Aviv Stock Exchange.
  • The merger is subject to various conditions, including shareholder and regulatory approvals, such as approval by a special majority of minority shareholders.
Nov 3, 2025, 8:33 PM

Quarterly earnings call transcripts for MAGIC SOFTWARE ENTERPRISES.