MILWAUKEE, Aug. 21, 2024 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), comments on the updates by the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to the Private Mortgage Insurer Eligibility Requirements (PMIERs) Available Assets Standards."We are proud of the critical role private mortgage insurance (MI) plays in the housing finance system. PMIERs operational and risk-based capital requirements pr ...

财务数据和关键指标变化 - 公司第二季度收入为1.363亿美元,同比下降约1% [9] - 按固定汇率计算,第二季度收入增长约0.4%至1.381亿美元 [9] - 以色列业务实现6.6%的环比中单位数增长,北美业务实现11.1%的环比双位数增长,主要得益于收购Theoris公司 [9] - 毛利率为29.4%,同比下降0.9个百分点 [24] - 非GAAP营业利润为1.82亿美元,同比持平,营业利润率为13.4% [26] - 非GAAP净利润为1.17亿美元,同比下降13.6% [29] 各条业务线数据和关键指标变化 - 软件解决方案收入占总收入的19%,毛利率约65% [25] - 专业服务收入占总收入的81%,毛利率约20% [25] - 软件解决方案毛利占总毛利的43%,专业服务毛利占57% [25] 各个市场数据和关键指标变化 - 北美收入为5800万美元,同比下降16.2%,环比增长11.1% [21] - 以色列收入为5820万美元,同比增长12.6% [22][23] - 北美和以色列分别占总收入的43% [21][23] 公司战略和发展方向及行业竞争 - 公司继续专注于云技术和托管服务,帮助客户选择最佳的云迁移策略 [18][19][20] - 公司提供包括NOC、SOC、DevOps、FinOps等在内的一系列云管理服务 [19] - 公司在云迁移和转型方面具有深厚的行业经验和良好的客户口碑 [20] 管理层对经营环境和未来前景的评论 - 以色列和欧洲市场需求保持强劲,但美国市场仍然疲软,销售周期较长 [33] - 公司预计2024年全年收入在5.4亿美元至5.5亿美元之间 [31] - 在稳定的环境下,公司认为14%的营业利润率是可以实现的 [35] 其他重要信息 - 公司收购了IT和工程咨询公司Theoris,这是公司在北美业务的一个良好补充 [10] - 公司面临的主要挑战包括汇率波动和部分美国客户需求下降 [11][12] - 公司保持了较强的现金流和良好的财务状况 [30] 问答环节重要的提问和回答 问题1 **Maggie Nolan 提问** 询问公司客户需求的变化情况,以及对北美市场的预期 [32] **Guy Bernstein 回答** 公司在以色列和欧洲市场需求保持强劲,但美国市场仍然疲软,销售周期较长,但有一些改善迹象 [33] 问题2 **Maggie Nolan 提问** 询问公司营业利润率的正常水平 [34] **Guy Bernstein 和 Asaf Berenstin 回答** 在稳定环境下,公司认为14%的营业利润率是可以实现的,毛利率在29%-30%之间 [35][36] 问题3 **Chris Reimer 提问** 询问本季度毛利率和营业利润率下降的原因 [38] **Asaf Berenstin 回答** 主要是由于以色列市场可计费天数减少,但公司通过软件许可销售弥补了专业服务业务的利润下降 [39][40][41]

Magic Software (MGIC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this business process integration software company would post earnings of $0.21 per share when it actually produced earnings of $0.23, delivering a surprise of 9.52%.Over t ...

OR YEHUDA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the second quarter and first half ended June 30, 2024. Summary Results for the Second Quarter 2024 (USD in millions, except per share data)          GAAP  Non-GAAP  Q2 2024Q2 2023% Change Q2 2024Q2 2023% ChangeRevenues$136.3 ...

MILWAUKEE, July 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from the last quarterly dividend paid of $0.115 per share. This quarter's dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024. About MGICMortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throu ...

Or Yehuda, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code application development platforms, announced today that it will report its financial results for the second quarter of 2024 on Wednesday, August 14th ,2024. Management will host a conference call on Wednesday, August 14th, 2024 at 10:30 a.m. Eastern Daylight Time (17:30 p.m. Israel Daylight Time) to review and discus ...

Or Yehuda, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code application development platforms, announced today that it will report its financial results for the second quarter of 2024 on Wednesday, August 14th ,2024. Management will host a conference call on Wednesday, August 14th, 2024 at 10:30 a.m. Eastern Daylight Time (17:30 p.m. Israel Daylight Time) to review and discus ...

MILWAUKEE, July 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, August 1, 2024, to discuss the Company's results for the quarter ended June 30, 2024. Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to acc ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Magic Software (MGIC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Magic Software is one of 619 companies in the Computer and Technology ...

A downtrend has been apparent in Magic Software (MGIC) lately with too much selling pressure. The stock has declined 9.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, ...