Formula Systems Reports Financial Results for the Third Quarter and First Nine Months Period Ended September 30, 2024
Formula Systems (1985) Ltd. - American Depositary Shares (FORTY)
US:NASDAQ Investor Relations:
formulasystems.com/investors-relations
Company Research
Source: GlobeNewswire
OR YEHUDA, Israel, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the third quarter and first nine months period ended September 30, 2024. Financial Highlights for the Third Quarter Ended September 30, 2024 Revenues for the third quarter ended September 30, 2024 increased by 6.9% to a record breaking $699.9 million, compared to $654.8 million in the same period last year.Operating income for the third quarter ended September 30, 2024 increased by 21.9% to $71.0 million compared to $58.2 million in the same period last year. Operating income for the third quarter of 2024 includes a capital gain in an amount of $6.5 million realized from the initial public offering of our
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Sec Filings
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- FORTY's page on the SEC website