Magic Software Enterprises Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 143.96 million compared to USD 120.87 million a year ago. Net income was USD 11.49 million compared to USD 7.5 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.15 a year ago.
For the nine months, sales was USD 419.65 million compared to USD 347.32 million a year ago. Net income was USD 30.6 million compared to USD 22.82 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.46 a year ago.