Israel-based Formula Systems Q2 revenue rises 11.3%
Overview
IT firm Formula Systems Q2 revenue grows 11.3% yr/yr, reaching $743.4 mln
Net income for Q2 declines 20.1% due to increased financial expenses
Co announces dividend of NIS 1.69 per share, payable in October
Outlook
Magic Software raises 2025 revenue guidance to $600 mln-$610 mln
Michpal Technologies preparing for potential IPO, subject to conditions
Sapiens' Advent partnership expected to close in Q4 2025 or Q1 2026
Result Drivers
SUBSIDIARY PERFORMANCE - Revenue growth driven by increased contributions from subsidiary companies and affiliates
EXCHANGE RATE IMPACT - Net income decreased by 20.1% due to increased financial expenses from adverse NIS to USD exchange rate differences
ONE-TIME ITEM - Previous year's operating income included a one-time income from Israeli National Insurance, affecting year-over-year comparison
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $743.37 mln |
|
Q2 EPS |
| $0.95 |
|
Q2 Basic EPS |
| $0.98 |
|
Q2 Gross Profit |
| $185.50 mln |
|
Q2 Operating Income |
| $67.89 mln |
|
Q2 Pretax Profit |
| $57.66 mln |
|
Press Release: ID:nGNX5Zvxfj
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