Israel's Formula Systems Q3 revenue up 23.6%
Overview
Formula Systems Q3 revenue grows 23.6% yr/yr to $696.6 mln
Net income from continued operations decreases 26.4% yr/yr
Company announces dividend of $0.50 per share, payable January 2026
Outlook
Magic Software revises full-year 2025 revenue guidance to $610 mln-$620 mln
Sapiens acquisition by Advent expected to close in Q4 2025 or Q1 2026
Matrix IT and Magic Software merger to create large IT services entity
Result Drivers
SUBSIDIARY PERFORMANCE - Matrix IT and Magic Software reported record-breaking Q3 results, driving overall revenue growth
SAPPIENS TRANSACTION - Sapiens' acquisition by Advent led to its classification as discontinued operations, impacting financial reporting
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $696.64 mln | ||
Q3 EPS | $1.08 | ||
Q3 Basic EPS | $1.13 | ||
Q3 Gross Profit | $135.71 mln | ||
Q3 Operating Income | $54.55 mln | ||
Q3 Pretax Profit | $45.70 mln |
Press Release:
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