LOGO
LOGO

Formula Systems (1985) Ltd. Announces Climb In Q2 Bottom Line

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Formula Systems (1985) Ltd. (FORTY) reported a profit for its second quarter that increased from last year

The company's earnings totaled $18.839 million, or $1.20 per share. This compares with $17.021 million, or $1.11 per share, in last year's second quarter.

The company's revenue for the quarter rose 1.9% to $667.7 million from $655.4 million last year.

Formula Systems (1985) Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): $18.839 Mln. vs. $17.021 Mln. last year.
-EPS (Q2): $1.20 vs. $1.11 last year.
-Revenue (Q2): $667.7 Mln vs. $655.4 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

RELATED NEWS
Latest Updates on COVID-19