Magic Software Enterprises Ltd. (MGIC), an Israeli software company, on Wednesday revised up its full-year revenue guidance, citing sustained operational momentum and a favorable outlook for the second half.
For fiscal 2025, the company now expects revenue of $600 million to $610 million, compared with the earlier guidance of $593 million to $603 million.
This revised guidance reflects a revenue growth of around 8.6% to 10.4% from the prior year.
In addition, the Board will pay a semi-annual cash dividend of 29.6 cents per share on October 22 to shareholders of record as of October 6.
On Wednesday, for the first half, the company recorded a net profit of $19.4 million, or $0.40 per share, higher than $17.8 million, or $0.36 per share, in the same period last year. Revenue was $299 million, up from the previous year's $267 million.
MGIC was up by 7.07 percent at $20.13 on the Nasdaq.
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