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BW: Magic Software Continues to Post Record Results

Jul 28, 1999, 02:04 (0 Talkback[s])

"For the third quarter in a row, Magic's sales and earnings reached record levels..."

"Total revenues for the second quarter 1999 were $15.32 million as compared with $8.84 million for the comparable three-month period in l998, a 73% increase over last year..."

"Software sales for the period increased to $8.82 million, or 90% greater than the same quarter last year, representing 57% of total revenues."

"... positive market acceptance for our increased solutions offerings and for our involvement with the Linux community has intensified awareness of Magic, particularly in businesses seeking to grow their profitability through powerful e-commerce and other business solutions."

Complete story.