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Magic Software program Enterprises Ltd. (MGIC) Q3 2024 Earnings Name Transcript

by Index Investing News
November 18, 2024
in Stocks
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Magic Software program Enterprises Ltd. (NASDAQ:MGIC) Q3 2024 Earnings Convention Name November 18, 2024 9:30 AM ET

Firm Contributors

Asaf Berenstin – CFO
Man Bernstein – CEO

Convention Name Contributors

Tavy Rosner – Barclays
Kate Kronstein – William Blair

Operator

Girls and gents, thanks for standing by. Welcome to the Magic Software program Enterprise 2024 Third Quarter Monetary Outcomes Convention Name. Magic’s third quarter 2024 earnings launch was issued earlier than the market opened this morning, and it has been posted on the corporate’s web site at www.magicsoftware.com. [Operator Instructions] With us on the road as we speak are Magic’s CEO, Mr. Man Bernstein; Magic’s CFO, Mr. Asaf Berenstin; and Magic’s CTO, Mr. Yuval Lavi.

Earlier than we begin, I want to remind everybody that projections or different forward-looking statements perhaps offered on this convention name. The secure harbor provision offered within the press launch issued as we speak additionally applies to the content material of this name. Magic expressly disclaims any obligation to replace or revise any of those forward-looking statements, whether or not due to future occasions, new data, a change in its views or expectations or in any other case.

Additionally through the course of as we speak’s name, administration will seek advice from non-GAAP monetary measures. A reconciliation schedule displaying GAAP versus non-GAAP outcomes has been offered within the press launch issued earlier than the market opened this morning. A replay of this name might be accessible after the decision on the Investor Relations part of the corporate’s web site.

I’ll now flip the decision over to Mr. Asaf Berenstin, CFO, of Magic Software program. Please go forward.

Asaf Berenstin

Thanks, operator, and thanks, everybody, for becoming a member of us as we speak as we report our third quarter 2024 monetary outcomes.

Through the name as we speak, I’ll evaluation highlights of our third quarter outcomes and supply an outline of our outlook. Income within the third quarter of



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