Magic Software Enterprises Overview

  • Year Founded
  • 1983

Year Founded

  • Status
  • Public

  • Employees
  • 3,628

Employees

  • Stock Symbol
  • MGIC

Stock Symbol

  • Investments
  • 16

  • Share Price
  • $10.75
  • (As of Thursday Closing)

Magic Software Enterprises General Information

Description

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.

Contact Information

Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Software Development Applications
Other Industries
Business/Productivity Software
Stock Exchange
TAE
Corporate Office
  • Yaadut Canada 1 street
  • Terminal Center
  • Or Yehuda 6037501
  • Israel
+972 00-000-0000

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Magic Software Enterprises Stock Performance

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$10.75 $11.21 $7.59 - $13.46 $541M 49.1M 54.2K $0.73

Magic Software Enterprises Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 592,889 497,221 811,183 1,040,119
Revenue 523,332 535,052 566,792 480,325
EBITDA 76,480 77,315 80,813 69,143
Net Income 35,720 37,031 40,470 29,767
Total Assets 536,517 522,406 505,141 487,277
Total Debt 104,438 108,715 80,040 62,437
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Magic Software Enterprises Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Magic Software Enterprises Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Serv
Software Development Applications
Or Yehuda, Israel
3,628 As of 2023
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San Francisco, CA
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00000000 00000000000
McLean, VA
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Magic Software Enterprises Competitors (33)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
New Relic Private Equity-Backed San Francisco, CA 0000 00000 000000000000 00000
Appian Formerly VC-backed McLean, VA 0000 00000 000000000 00000
Axway Corporation Scottsdale, AZ 0000 000.00 00000000000 000.00
Newgen Software Technologies Formerly PE-Backed New Delhi, India 0000 000.00 00000000 000.00
Altair Formerly VC-backed Troy, MI 0000 00000 000000000 00000
You’re viewing 5 of 33 competitors. Get the full list »

Magic Software Enterprises Executive Team (20)

Name Title Board Seat
Guy Bernstein Chief Executive Officer & Board Member
Yael Ilan Chief Executive Officer
Yakov Tsaroya Chief Executive Officer
Yuval Baruch Chief Executive Officer
Arik Faingold President - Integration Solutions Division
You’re viewing 5 of 20 executive team members. Get the full list »

Magic Software Enterprises Board Members (6)

Name Representing Role Since
0000 000000 Magic Software Enterprises Chairman, Software Solutions Division 000 0000
000 00000 Magic Software Enterprises Board Member 000 0000
000 000000000 Magic Software Enterprises Chief Executive Officer & Board Member 000 0000
000000 0000000 Magic Software Enterprises Board Member 000 0000
000 000000000 Magic Software Enterprises Board Member 000 0000
You’re viewing 5 of 6 board members. Get the full list »

Magic Software Enterprises Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Magic Software Enterprises Investments & Acquisitions (16)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Intrabases 08-Nov-2022 0000000000 IT Consulting and Outsourcing 0000 0000
The Goodkind Group 23-Aug-2022 0000000000 000.00 Human Capital Services
Appush 03-Aug-2022 0000000000 0000 Media and Information Services (B2B)
Knowledge & Solutions Software 17-Jun-2020 0000000000 Business/Productivity Software 00000 000
Magic Hands 17-Jun-2020 Merger/Acquisition Financial Software 00000 000
You’re viewing 5 of 16 investments and acquisitions. Get the full list »

Magic Software Enterprises Subsidiaries (10)

Company Name Industry Location Founded
Appush Media and Information Services (B2B) Tel Aviv, Israel 2015
PowWow Mobile Business/Productivity Software Irvine, CA 0000
Infinigy Solutions Telecommunications Service Providers Fort Washington, PA 0000
Intrabases IT Consulting and Outsourcing Paris, France 0000
Knowledge & Solutions Software Business/Productivity Software Nieuwegein, Netherlands 0000
You’re viewing 5 of 10 subsidiaries. Get the full list »

Magic Software Enterprises ESG

Risk Overview

Risk Rating

Updated July, 21, 2023

28.6 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,216

Rank

00.00

Percentile

Software & Services

Industry

00 of 1,111

Rank

00.00

Percentile

Enterprise and Infrastructure Software

Subindustry

00 of 449

Rank

00.0

Percentile

To view Magic Software Enterprises’s complete esg history, request access »

Magic Software Enterprises Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
Advanced Answers On Demand 29-Apr-2004 000000000000000000 Completed
  • 00000 00000000 000
Access Data Corporation 01-Jan-1999 Merger/Acquisition Completed
To view Magic Software Enterprises’s complete exits history, request access »

Magic Software Enterprises FAQs

  • When was Magic Software Enterprises founded?

    Magic Software Enterprises was founded in 1983.

  • Who is the CEO of Magic Software Enterprises?

    Guy Bernstein, Yael Ilan, Yakov Tsaroya, Yuval Baruch, and Hanan Shahaf are the CEOs of Magic Software Enterprises.

  • Where is Magic Software Enterprises headquartered?

    Magic Software Enterprises is headquartered in Or Yehuda, Israel.

  • What is the size of Magic Software Enterprises?

    Magic Software Enterprises has 3,628 total employees.

  • What industry is Magic Software Enterprises in?

    Magic Software Enterprises’s primary industry is Software Development Applications.

  • Is Magic Software Enterprises a private or public company?

    Magic Software Enterprises is a Public company.

  • What is Magic Software Enterprises’s stock symbol?

    The ticker symbol for Magic Software Enterprises is MGIC.

  • What is the current stock price of Magic Software Enterprises?

    As of 18-Jul-2024 the stock price of Magic Software Enterprises is $10.75.

  • What is the current market cap of Magic Software Enterprises?

    The current market capitalization of Magic Software Enterprises is $541M.

  • What is Magic Software Enterprises’s current revenue?

    The trailing twelve month revenue for Magic Software Enterprises is $523M.

  • Who are Magic Software Enterprises’s competitors?

    New Relic, Appian, Axway, Newgen Software Technologies, and Altair are some of the 33 competitors of Magic Software Enterprises.

  • What is Magic Software Enterprises’s annual earnings per share (EPS)?

    Magic Software Enterprises’s EPS for 12 months was $0.73.

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