Magic Software: Q2 Earnings Insights

Magic Software MGIC reported its Q2 earnings results on Thursday, August 11, 2022.

Here's what investors need to know about the announcement.

Magic Software missed estimated earnings by 11.11%, reporting an EPS of $0.24 versus an estimate of $0.27.

Revenue was up $17.82 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 3.98% increase in the share price the next day.

Here's a look at Magic Software's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.24	0.26		0.21
EPS Actual	0.26	0.26	0.24	0.23
Revenue Estimate	128.80M	125.50M	111.00M	104.47M
Revenue Actual	138.71M	133.00M	120.87M	119.16M

To track all earnings releases for Magic Software visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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