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Magic Software Enterprises (MGIC) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Magic Software Enterprises Revenue Highlights

Latest Revenue (Y)

$535.05M

Latest Revenue (Q)

$130.72M

Main Segment (Y)

ItProfessionalServicesMember

Main Geography (Y)

Other Member

Magic Software Enterprises Revenue by Period

Magic Software Enterprises Revenue by Year

DateRevenueChange
2023-12-31$535.05M-5.60%
2022-12-31$566.79M18.00%
2021-12-31$480.32M29.40%
2020-12-31$371.19M13.99%
2019-12-31$325.63M14.51%
2018-12-31$284.38M10.23%
2017-12-31$257.99M27.94%
2016-12-31$201.65M14.55%
2015-12-31$176.03M7.14%
2014-12-31$164.30M13.35%
2013-12-31$144.96M14.70%
2012-12-31$126.38M11.52%
2011-12-31$113.33M27.94%
2010-12-31$88.58M60.03%
2009-12-31$55.35M-10.70%
2008-12-31$61.98M6.08%
2007-12-31$58.43M-5.34%
2006-12-31$61.73M1.21%
2005-12-31$60.99M-6.41%
2004-12-31$65.17M2.80%
2003-12-31$63.39M5.64%
2002-12-31$60.00M-21.63%
2001-12-31$76.56M-15.17%
2000-12-31$90.26M41.04%
1999-12-31$63.99M64.93%
1998-12-31$38.80M3.74%
1997-12-31$37.40M2.75%
1996-12-31$36.40M43.31%
1995-12-31$25.40M18.69%
1994-12-31$21.40M26.63%
1993-12-31$16.90M-

Magic Software Enterprises generated $535.05M in revenue during NA 2023, up -5.60% compared to the previous quarter, and up 188.15% compared to the same period a year ago.

Magic Software Enterprises Revenue by Quarter

DateRevenueChange
2024-03-31$130.72M4.12%
2023-12-31$125.55M-3.04%
2023-09-30$129.48M-5.89%
2023-06-30$137.58M-3.41%
2023-03-31$142.44M-3.20%
2022-12-31$147.15M2.21%
2022-09-30$143.96M5.10%
2022-06-30$136.98M-1.25%
2022-03-31$138.71M4.29%
2021-12-31$133.00M10.04%
2021-09-30$120.87M1.44%
2021-06-30$119.16M11.05%
2021-03-31$107.30M2.61%
2020-12-31$104.57M10.20%
2020-09-30$94.89M9.68%
2020-06-30$86.52M1.54%
2020-03-31$85.21M-6.29%
2019-12-31$90.93M5.92%
2019-09-30$85.84M11.40%
2019-06-30$77.06M7.33%
2019-03-31$71.80M-0.68%
2018-12-31$72.29M0.22%
2018-09-30$72.14M2.73%
2018-06-30$70.22M0.71%
2018-03-31$69.73M5.50%
2017-12-31$66.09M0.65%
2017-09-30$65.66M0.28%
2017-06-30$65.48M7.76%
2017-03-31$60.76M10.19%
2016-12-31$55.14M1.22%
2016-09-30$54.48M15.02%
2016-06-30$47.36M6.03%
2016-03-31$44.67M-6.66%
2015-12-31$47.86M5.57%
2015-09-30$45.33M6.65%
2015-06-30$42.51M5.38%
2015-03-31$40.34M-5.13%
2014-12-31$42.52M5.76%
2014-09-30$40.20M-1.06%
2014-06-30$40.63M-0.77%
2014-03-31$40.95M-0.59%
2013-12-31$41.19M15.72%
2013-09-30$35.60M2.42%
2013-06-30$34.76M4.02%
2013-03-31$33.41M-6.48%
2012-12-31$35.73M9.68%
2012-09-30$32.58M16.23%
2012-06-30$28.03M-6.70%
2012-03-31$30.04M-1.45%
2011-12-31$30.48M1.69%
2011-09-30$29.98M9.49%
2011-06-30$27.38M7.42%
2011-03-31$25.49M1.84%
2010-12-31$25.03M11.87%
2010-09-30$22.37M4.21%
2010-06-30$21.47M8.91%
2010-03-31$19.71M36.12%
2009-12-31$14.48M7.23%
2009-09-30$13.50M-0.67%
2009-06-30$13.60M-1.27%
2009-03-31$13.77M-8.63%
2008-12-31$15.07M-4.67%
2008-09-30$15.81M-1.38%
2008-06-30$16.03M6.38%
2008-03-31$15.07M97.65%
2007-12-31$7.62M-56.76%
2007-09-30$17.63M-

Magic Software Enterprises generated $130.72M in revenue during Q1 2024, up 4.12% compared to the previous quarter, and up 88.84% compared to the same period a year ago.

Magic Software Enterprises Revenue Breakdown

Magic Software Enterprises Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 21Dec 20Dec 18
SoftwareServicesMember$95.59M--
ItProfessionalServicesMember$384.74M--
SoftwareLicenseAndRelatedRevenuesAndConsultingServicesMember-$2.19M-
Software license and related revenues and consulting services--$5.18M

Magic Software Enterprises's latest annual revenue breakdown by segment (product or service), as of Dec 21: ItProfessionalServicesMember (80.10%), and SoftwareServicesMember (19.90%).

Magic Software Enterprises Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 20
Other Member$4.05M$3.68M-
UNITED STATES-$308.49M-
JAPAN-$10.12M-
ISRAEL-$205.26M-
Europe-$39.25M$26.95M
OthersMember--$4.63M

Magic Software Enterprises's latest annual revenue breakdown by geography, as of Dec 23: Other Member (100.00%).

Magic Software Enterprises Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ASGNASGN$4.45B$1.03B
FORTYFormula Systems (1985)$2.62B$698.40M
MGICMagic Software Enterprises$535.05M$130.72M
IBEXIBEX$508.57M$129.72M
HCKTHackett Group$296.59M$79.78M
NYAXNayax$239.19M$63.39M
INODInnodata$86.78M$52.22M
CSPICSP$64.65M$13.11M

MGIC Revenue FAQ

What is Magic Software Enterprises’s yearly revenue?

Magic Software Enterprises's yearly revenue for 2023 was $535.05M, representing a decrease of -5.60% compared to 2022. The company's yearly revenue for 2022 was $566.79M, representing an increase of 18.00% compared to 2021. MGIC's yearly revenue for 2021 was $480.32M, representing an increase of 29.40% compared to 2020.

What is Magic Software Enterprises’s quarterly revenue?

Magic Software Enterprises's quarterly revenue for Q1 2024 was $130.72M, a 4.12% increase from the previous quarter (Q4 2023), and a -8.23% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $125.54M, a -3.04% decrease from the previous quarter (Q3 2023), and a -14.68% decrease year-over-year (Q4 2022). MGIC's quarterly revenue for Q3 2023 was $129.48M, a -5.89% decrease from the previous quarter (Q2 2023), and a -10.06% decrease year-over-year (Q3 2022).

What is Magic Software Enterprises’s revenue growth rate?

Magic Software Enterprises's revenue growth rate for the last 3 years (2021-2023) was 11.39%, and for the last 5 years (2019-2023) was 64.31%.

What are Magic Software Enterprises’s revenue streams?

Magic Software Enterprises's revenue streams in c 21 are SoftwareServicesMember, and ItProfessionalServicesMember. SoftwareServicesMember generated $95.59M in revenue, accounting 19.90% of the company's total revenue ItProfessionalServicesMember generated $384.74M in revenue, accounting 80.10% of the company's total revenue

What is Magic Software Enterprises’s main source of revenue?

For the fiscal year ending Dec 21, the largest source of revenue of Magic Software Enterprises was ItProfessionalServicesMember. This segment made a revenue of $384.74M, representing 80.10% of the company's total revenue.