Magic Software (MGIC) Record Sales and Strong Performance, Ceragon (CRNT) IP-20 Footprint Expansion

Keep a close eye on MGIC. The company reported record sales and strong performance across all of its products and professional services in all regions on its financial results for 2013.

For the fourth quarter 2013, MGIC posted revenues of $41.2 million, a 15% increase year over year, operating income of $5.4 million, a 28% increase compared to the same period the prior year, and net income of $4.7 million, a 10% increase versus the fourth quarter 2012.

MGIC‘s annual revenues for 2013 increased 15% year over year to a record-breaking result of $145.0 million, while its Non-GAAP operating income increased 22% to $22.7 million for the year.

 

 By riddock57

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