Magic Software Enterprises Ltd. reported robust financial results for the second quarter and first half ended June 30, 2025. For Q2 2025, revenues reached $151.6 million, an increase of 11.3% year-over-year. GAAP net income attributable to Magic Software's shareholders was $12.7 million, up 8.7% year-over-year, with diluted EPS at $0.26.
The company surpassed an annualized revenue run-rate of $600 million, demonstrating consistent growth across key financial metrics including revenues, gross profit, operating income, EBITDA, and net income. First-half 2025 results in the United States reflected approximately 9% year-over-year revenue growth, driven by agreements executed in late 2024 and early 2025. Demand for innovative digital, artificial intelligence, and cloud transformation solutions remains strong, alongside continued demand from the defense sector.
Magic Software's board of directors declared a semi-annual cash dividend of 29.6 cents per share for the first half of 2025, totaling approximately $14.5 million. The company also provided an update on the contemplated merger with Matrix I.T., stating that the process is progressing toward requisite approvals, with shareholder endorsement anticipated in the fourth quarter of 2025.
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