The Planned Merger With Matrix I.T Could Provide Further Momentum for the Share Price of Magic Software in the Short Term!

Magic Software is an Israeli provider of software platforms for mobile work, helping other companies accelerate their digital transformation processes. The company impressed on May 21 with strong Q1 figures, achieving a year-over-year revenue increase of 12.7% to $147.3 million. The EPS rose by 10% compared to the previous year to $0.25. Notably, the revenue of cloud services accelerated recently, showing a year-over-year growth of 45% in 2024. According to management, the continued high demand for digitalization solutions from enterprises and...