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Magic Software (ETR:SOWGn) Enterprises (NASDAQ:MGIC) Ltd. (06 Technology), a global provider of end-to-end software and cloud solutions currently trading at $20.55, has announced that it will release its financial results for the first quarter of 2025 on May 21, 2025. The company has shown strong revenue growth of 6.78% over the last twelve months, with analysts forecasting 18% growth for FY2025. This information was disclosed in a Form 6-K report filed with the Securities and Exchange Commission (SEC) today.
The company, headquartered in Or-Yehuda, Israel, is known for its prepackaged software services, operating under the standard industrial classification code 7372. With a healthy current ratio of 1.56 and an Altman Z-Score of 6.97, InvestingPro analysis suggests strong financial stability. Magic Software has stated that the report will be filed under the SEC Act of 1934, with the commission file number 0-19415.
As per the SEC filing, the report will be signed by Asaf Berenstin, the Chief Financial Officer of Magic Software Enterprises Ltd., indicating the company’s compliance with the SEC’s requirements.
Investors and stakeholders are likely to anticipate the upcoming financial disclosure, which will provide insights into the company’s performance at the start of the fiscal year. According to InvestingPro’s Fair Value analysis, the stock appears fairly valued, with an overall Financial Health score rated as "FAIR." Discover 12+ additional exclusive ProTips and comprehensive financial metrics with InvestingPro.
This announcement comes as part of the company’s regular communication with the SEC and is a standard procedure for foreign private issuers such as Magic Software.
The details of the financial results will be made available on May 21, 2025, and are expected to provide a comprehensive view of the company’s financial health and operational success in the first quarter.
Magic Software’s decision to announce its financial results is consistent with its commitment to transparency and providing timely information to its investors. The report is based on a press release statement and will be available for public review once filed.
In other recent news, Brookfield Infrastructure (NYSE:BIPC) Corporation and Brookfield Infrastructure Partners (TSX:BIP_u) L.P. have filed their interim reports for the first quarter of 2025 with the U.S. Securities and Exchange Commission. These filings, submitted as Form 6-K documents, contain crucial financial data and operational updates, although specific figures were not detailed in the provided excerpts. Additionally, Brookfield Business Corporation has also submitted a Form 6-K, which includes documents for its upcoming Annual General Meeting of Shareholders. This filing is part of the company’s routine disclosures to ensure transparency with investors.
Meanwhile, Altamira Therapeutics Ltd (OTC:CYTOF). has filed a Form 6-K with the SEC, which includes notices and documents related to its Annual General Meeting. Although no significant changes in operations or financial status were indicated, the filing ensures compliance with regulatory requirements. In another development, Sapiens International (NASDAQ:SPNS) Corporation N.V. announced its first-quarter financial results for 2025 through a Form 6-K filing. Investors are encouraged to review these filings for detailed insights into each company’s financial performance and strategic direction.
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