Magic Software Enterprises (MGIC) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $535.05M | -5.60% |
| 2022-12-31 | $566.79M | 18.00% |
| 2021-12-31 | $480.32M | 29.40% |
| 2020-12-31 | $371.19M | 13.99% |
| 2019-12-31 | $325.63M | 14.51% |
| 2018-12-31 | $284.38M | 10.23% |
| 2017-12-31 | $257.99M | 27.94% |
| 2016-12-31 | $201.65M | 14.55% |
| 2015-12-31 | $176.03M | 7.14% |
| 2014-12-31 | $164.30M | 13.35% |
| 2013-12-31 | $144.96M | 14.70% |
| 2012-12-31 | $126.38M | 11.52% |
| 2011-12-31 | $113.33M | 27.94% |
| 2010-12-31 | $88.58M | 60.03% |
| 2009-12-31 | $55.35M | -10.70% |
| 2008-12-31 | $61.98M | 6.08% |
| 2007-12-31 | $58.43M | -5.34% |
| 2006-12-31 | $61.73M | 1.21% |
| 2005-12-31 | $60.99M | -6.41% |
| 2004-12-31 | $65.17M | 2.80% |
| 2003-12-31 | $63.39M | 5.64% |
| 2002-12-31 | $60.00M | -21.63% |
| 2001-12-31 | $76.56M | -15.17% |
| 2000-12-31 | $90.26M | 41.04% |
| 1999-12-31 | $63.99M | 64.93% |
| 1998-12-31 | $38.80M | 3.74% |
| 1997-12-31 | $37.40M | 2.75% |
| 1996-12-31 | $36.40M | 43.31% |
| 1995-12-31 | $25.40M | 18.69% |
| 1994-12-31 | $21.40M | 26.63% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $130.72M | 4.12% |
| 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 | $147.15M | 2.21% |
| 2022-09-30 | $143.96M | 5.10% |
| 2022-06-30 | $136.98M | -1.25% |
| 2022-03-31 | $138.71M | 4.29% |
| 2021-12-31 | $133.00M | 10.04% |
| 2021-09-30 | $120.87M | 1.44% |
| 2021-06-30 | $119.16M | 11.05% |
| 2021-03-31 | $107.30M | 2.61% |
| 2020-12-31 | $104.57M | 10.20% |
| 2020-09-30 | $94.89M | 9.68% |
| 2020-06-30 | $86.52M | 1.54% |
| 2020-03-31 | $85.21M | -6.29% |
| 2019-12-31 | $90.93M | 5.92% |
| 2019-09-30 | $85.84M | 11.40% |
| 2019-06-30 | $77.06M | 7.33% |
| 2019-03-31 | $71.80M | -0.68% |
| 2018-12-31 | $72.29M | 0.22% |
| 2018-09-30 | $72.14M | 2.73% |
| 2018-06-30 | $70.22M | 0.71% |
| 2018-03-31 | $69.73M | 5.50% |
| 2017-12-31 | $66.09M | 0.65% |
| 2017-09-30 | $65.66M | 0.28% |
| 2017-06-30 | $65.48M | 7.76% |
| 2017-03-31 | $60.76M | 10.19% |
| 2016-12-31 | $55.14M | 1.22% |
| 2016-09-30 | $54.48M | 15.02% |
| 2016-06-30 | $47.36M | 6.03% |
| 2016-03-31 | $44.67M | -6.66% |
| 2015-12-31 | $47.86M | 5.57% |
| 2015-09-30 | $45.33M | 6.65% |
| 2015-06-30 | $42.51M | 5.38% |
| 2015-03-31 | $40.34M | -5.13% |
| 2014-12-31 | $42.52M | 5.76% |
| 2014-09-30 | $40.20M | -1.06% |
| 2014-06-30 | $40.63M | -0.77% |
| 2014-03-31 | $40.95M | -0.59% |
| 2013-12-31 | $41.19M | 15.72% |
| 2013-09-30 | $35.60M | 2.42% |
| 2013-06-30 | $34.76M | 4.02% |
| 2013-03-31 | $33.41M | -6.48% |
| 2012-12-31 | $35.73M | 9.68% |
| 2012-09-30 | $32.58M | 16.23% |
| 2012-06-30 | $28.03M | -6.70% |
| 2012-03-31 | $30.04M | -1.45% |
| 2011-12-31 | $30.48M | 1.69% |
| 2011-09-30 | $29.98M | 9.49% |
| 2011-06-30 | $27.38M | 7.42% |
| 2011-03-31 | $25.49M | 1.84% |
| 2010-12-31 | $25.03M | 11.87% |
| 2010-09-30 | $22.37M | 4.21% |
| 2010-06-30 | $21.47M | 8.91% |
| 2010-03-31 | $19.71M | 36.12% |
| 2009-12-31 | $14.48M | 7.23% |
| 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 | $16.03M | 6.38% |
| 2008-03-31 | $15.07M | 97.65% |
| 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/Service | Dec 21 | Dec 20 | Dec 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
| Country | Dec 23 | Dec 22 | Dec 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
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.