Magic Software Enterprises, Ltd.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 144,958 126,380 113,328 88,578
Cost of Revenue 85,893 73,393 67,258 51,448
Gross Profit 59,065 52,987 46,070 37,130
Operating Expenses
Research and Development 3,706 2,947 2,047 2,072
Sales, General and Admin. 36,232 33,632 29,306 25,720
Non-Recurring Items - - - -
Other - - - -
Operating Income 19,127 16,408 14,717 9,338
Income From Continuing Operations
Add'l Income/Expense Items (12) 136 125 159
Earnings Before Interest and Tax 18,431 16,554 15,063 9,273
Interest Expense - - - -
Earnings Before Tax 18,431 16,554 15,063 9,273
Income Tax 1,575 94 (203) (102)
Minority Interest 976 277 222 -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 15,880 16,183 15,044 9,375
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 15,880 16,183 15,044 9,375
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 15,880 16,183 15,044 9,375