ASOZF - Magic Software Continues To Create Revenue Platforms In Resilient Industries
- Magic Software has about 80% of its revenue coming from long-term engagements with current clients.
- Growth is being driven by the signing of contracts with new clients primarily in healthcare and defense.
- These resilient industries are creating an attractive revenue platform for the company, and the cash generation drivers continue to fire.
- The company continues to be a nice mid-cap tech exposure, but it's beginning to trade too dearly for us high conviction investors to be interested.
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Magic Software Continues To Create Revenue Platforms In Resilient Industries