Magic Software Enterprises(MGIC) - 2022 Q3 - Quarterly Report

Exhibit 99.1 Magic Software Reports Third Quarter 2022 Financial Results with Record Breaking Revenues of $144 Million, Reflecting a 19% Year-Over-Year Growth. Net income reached a record-breaking$ 11.5 Million, Reflecting 53% Year-Over-Year Growth Operating income for the third quarter increased by 34% year-over-year to a record-breaking result of $16.1 million; Non-GAAP operating income for the third quarter increased by 14% year-over-year to a third quarter record-breaking result of$ 18.5 million OR YEHU ...