In the Q4, Magic Software Enterprises Ltd 's corporate clients experienced a fall by -27.65 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -5.22 %. During the corresponding time, Magic Software Enterprises Ltd While revenue at the Magic Software Enterprises Ltd 's corporate clients fell by -15.77 % year on year, sequentially revenue fell by -9.4 %.
Customers of Magic Software Enterprises Ltd saw their costs of revenue fall by -27.65 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -5.22 %, for the same period Magic Software Enterprises Ltd
Magic Software Enterprises Ltd's Comment on Sales, Marketing and Customers
The company provides software services and IT outsourcing primarily in Israel and North America, including infrastructure design, application development, technology consulting, integration projects, project management, software testing, engineering consulting, support services, cloud, cybersecurity, digital solutions, data management, and DevOps. Its client base includes thousands of enterprises in about 50 countries across various industries undergoing digital transformation. The company operates through a network of independent software vendors known as Magic Software Providers (MSPs), as well as system integrators, distributors, resellers, consulting firms, and OEM partners. It offers tailored solutions using a low-code approach via the Magic xpa Application Platform and Magic xpi Integration Platform. The company also acquired the AppBuilder development platform from BluePhoenix Solutions Ltd., a provider of legacy IT modernization solutions.
Magic Software Enterprises Ltd’s Comment on Sales, Marketing and Customers
The company provides software services and IT outsourcing primarily in Israel and North America, including infrastructure design, application development, technology consulting, integration projects, project management, software testing, engineering consulting, support services, cloud, cybersecurity, digital solutions, data management, and DevOps. Its client base includes thousands of enterprises in about 50 countries across various industries undergoing digital transformation. The company operates through a network of independent software vendors known as Magic Software Providers (MSPs), as well as system integrators, distributors, resellers, consulting firms, and OEM partners. It offers tailored solutions using a low-code approach via the Magic xpa Application Platform and Magic xpi Integration Platform. The company also acquired the AppBuilder development platform from BluePhoenix Solutions Ltd., a provider of legacy IT modernization solutions.
Sources:
Magic Software Enterprises Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Magic Software Enterprises Ltd’s corporate clients.
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