In the first quarter ended in March, Magic Software reported revenues of $40.95 million, up 22.6 percent from the year ago period. Its costs did not rise as fast as sales, and neither did research and development costs and other operational costs, and so the company was able to bring $4.85 million to the bottom line, an increase of 29.4 percent over the same quarter in 2013.
Read the full article in ITJungle by Timothy Prickett Morgan, journalist for some of the world’s most widely-read high-tech and business publications including The Register, BusinessWeek, Midrange Computing, IT Jungle, Unigram, The Four Hundred, ComputerWire, Computer Business Review, Computer System News and IBM Systems User.