v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues (Note 17):      
Software $ 23,254 $ 23,684 $ 23,110
Maintenance and technical support 22,685 22,384 16,751
Consulting services 99,019 80,312 73,467
Total revenues 144,958 126,380 113,328
Cost of revenues:      
Software 6,648 7,439 5,771
Maintenance and technical support 2,949 3,238 2,250
Consulting services 76,296 62,716 59,237
Total cost of revenues 85,893 73,393 67,258
Gross profit 59,065 52,987 46,070
Operating costs and expenses:      
Research and development, net (Note 14a) 3,706 2,947 2,047
Selling and marketing 23,066 22,990 20,147
General and administrative 13,166 10,642 9,159
Total operating costs and expenses 39,938 36,579 31,353
Operating income 19,127 16,408 14,717
Financial income (expense), net (Note 14b) (684) 10 221
Other income (expense), net (12) 136 125
Income before taxes on income 18,431 16,554 15,063
Taxes on income (tax benefit) (Note 12) 1,575 94 (203)
Net income 16,856 16,460 15,266
Change in redeemable non-controlling interests 546 184 0
Net income attributable to non-controlling interests 430 93 222
Net income attributable to Magic Software Enterprises Shareholders $ 15,880 $ 16,183 $ 15,044
Net earnings per share attributable to Magic Software Enterprises' shareholders (Note 16):      
Basic and diluted earnings per share (in dollars per share) $ 0.43 $ 0.44 $ 0.41