MGIC - IT Consulting Services Firm Magic Software Enterprises Stock Soars On Wednesday - Here's Why | Benzinga
Magic Software Enterprises Ltd (NASDAQ:MGIC) reported a fourth-quarter revenue decline of 14.7% year-on-year to $125.5 million, beating the consensus of $117.5 million.
Adjusted EPS of $0.24 beat the consensus of $0.19. The stock price is gained after the results.
The adjusted gross margin expanded by 150 bps to 30.8%. The adjusted operating margin climbed 140 bps to 14.1%.
The company held ...