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Magic Software, Matrix

Israel’s Matrix to snap up Magic Software in $2.1 billion IT services merger deal

Herzliya-based information technology company says the combined firm will employ over 15,000 people and provide IT services to 6,000 businesses around the world The post Israel’s Matrix to snap up Magic Software in $2.

Markets Insider · 2d

Magic Software intends to merge with Matrix, go private

Magic Software (MGIC) on Monday announced that it signed an memorandum of understanding with respect to a proposed merger with Matrix I.T Ltd.

MarketWatch · 3d

Magic Software Shares Rise on Expected Merger With Matrix

Shares of Magic Software climbed after the IT-consulting services company said it agreed to negotiate a merger deal with IT-services firm Matrix. Magic also reported higher fourth-quarter earnings and raised its semiannual dividend.

Seeking Alpha on MSN · 2d

Magic Software outlines 2025 revenue growth target of $593M-$603M amid Matrix merger transition

Q4 2024 Management View CEO Guy Bernstein highlighted the transformative impact of the announced merger with Matrix I.T., noting that this strategic move positions the combined entity as a global IT powerhouse.

Stocktwits on MSN3d

Magic Software Stock Rallies On In-line Q4 EPS, Positive Guidance: Retail Mood Stays Gloomy Amid Going Private Deal

Magic Software Enterprises Ltd. (MGIC) shares rallied Tuesday after the IT consulting services and application development ...

Magic Software: Q4 Earnings Snapshot

OR YEHUDA, Israel — OR YEHUDA, Israel — Magic Software Enterprises Ltd. (MGIC) on Tuesday reported net income of $10.6 million in its fourth quarter. On a per-share basis, the Or Yehuda, Israel-based ...

Seeking Alpha2d

Magic Software Enterprises Ltd. (MGIC) Q4 2024 Earnings Call Transcript

Ladies and gentlemen, thank you for standing by. Welcome to the Magic Software Enterprises 2024 Fourth Quarter and Full Year Financial Results Conference Call. Magic's fourth quarter 2024 earnings ...

Magic Software Reports Fourth Quarter and Full Year 2024 Financial Results

Net income attributable to Magic Software’s shareholders for the fourth quarter of 2024 increased by 25.2% to $10.6 million, or $0.22 per fully diluted share, compared to $8.5 million, or $0.17 per ...

Investing2d

Magic Software stock rating cut following merger announcement

On Wednesday, William Blair analysts downgraded Magic Software Enterprises Ltd. (NASDAQ:MGIC) stock from Outperform to Market Perform. The move came in response to Magic Software (ETR:SOWGn)’s ...

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