Formula Systems (1985) Ltd. (FORTY)
| Market Cap | 1.25B |
| Revenue (ttm) | 2.62B |
| Net Income (ttm) | 64.01M |
| Shares Out | 15.33M |
| EPS (ttm) | 4.12 |
| PE Ratio | 19.71 |
| Forward PE | n/a |
| Dividend | $0.64 (0.79%) |
| Ex-Dividend Date | Apr 3, 2024 |
| Volume | 25 |
| Open | 81.21 |
| Previous Close | 82.00 |
| Day's Range | 81.21 - 81.28 |
| 52-Week Range | 55.97 - 86.06 |
| Beta | 0.46 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | May 28, 2024 |
About FORTY
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data. It also provides customer relations management, computer systems man... [Read more]
Financial Performance
In 2023, FORTY's revenue was $2.62 billion, an increase of 1.89% compared to the previous year's $2.57 billion. Earnings were $64.01 million, a decrease of -21.35%.
Financial StatementsNews
Formula Systems Announces Filing of 2023 Annual Report
Or Yehuda, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsid...
Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results
Revenues for the full year increased by 1.9% (or 8.4% on a constant currency basis) Year over year to a record-breaking result of $2.6 billion with Net Income for the year reaching $64 million Revenue...
Formula Systems Reports Third Quarter and Nine Months 2023 Financial Results:
Revenues for the Third Quarter Increased by 4.3% (or 10.8% on a constant currency basis) Year Over Year to a third-quarter record-breaking $654.8 Million with Net Income for the Third Quarter reaching...
Formula Systems Reports Second Quarter and First Half 2023 Financial Results
Revenues for the Second Quarter Increased by 3% (or 9.1% on a constant currency basis) Year Over Year to a second-quarter record-breaking $655.4 Million with Net Income for the Second Quarter reaching...
Formula Systems Reports First Quarter 2023 Financial Results: Revenues for the First Quarter Increased by 3% Year Over Year to a Record-Breaking $670.4 Million
Operating Income for the First Quarter Increased by 2.3% Year Over Year to a Record-Breaking $60.8 million Operating Income for the First Quarter Increased by 2.3% Year Over Year to a Record-Breaking ...
Formula Systems Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)
Net income for the year increased by 49.1% year over year to a record-breaking result of $81.4 million Net income for the year increased by 49.1% year over year to a record-breaking result of $81.4 mi...
Formula Systems Reports Third Quarter and Nine Months 2022 Financial Results
OR YEHUDA, Israel, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsi...
Formula Systems Reports Second Quarter and First Half 2022 Financial Results: Net Income for the Second Quarter Reached $32.9 Million
Double-digit growth recorded across all key financial indices for the first half: revenues, gross profit, operating income, and net income attributable to Formula's shareholders. Double-digit growth r...
Formula Systems Reports First Quarter 2022 Financial Results: Record-Breaking Net Income of $16.2 Million
Double-digit growth in all financial indices. Revenues increased by 14.8% to $657.6 million. Net income increased by 30.7% year over year to a record-breaking $16.2 million Double-digit growth in all ...
Formula Systems Files Annual Report On Form 20-F For The Year Ended December 31, 2021
Or Yehuda, Israel, May 16, 2022 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology company engaged, through its subsidiaries and affiliates, in providing ...
Formula Systems Reports Fourth Quarter and Full Year 2021 Financial Results with Annual Net Income of $54.6 Million
Record breaking revenues and operating income for the quarter and for the full year Record breaking revenues and operating income for the quarter and for the full year
Formula Systems Reports Third Quarter 2021 Financial Results
Or Yehuda, Israel, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in p...
Formula Systems Clocks 35% Revenue Growth In Q2
Formula Systems (1985) Ltd (NASDAQ: FORTY) reported second-quarter FY21 revenue growth of 34.5% year-on-year to $587.9 million. Segments: As of June 30, 2021, Formula held 48.9%, 43.9%, 45.5%, 100%, 5...
Formula Systems Reports Second Quarter 2021 Financial Results: Record-Breaking Results with Double Digit Growth Across All Key Financial Indices
OR YEHUDA, Israel, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in p...
Formula Systems Clocks Record Q1 Earnings
Formula Systems (1985) Ltd (NASDAQ: FORTY) reported first-quarter FY21 revenue growth of 22.8% year-on-year to $572.6 million. Gross margin remained stable at 22%.
Formula Systems Reports First Quarter 2021 Financial Results: Record-Breaking Results With Double Digit Growth Across All Key Financial Indices
OR YEHUDA, Israel, May 20, 2021 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in pr...
Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net Income of $46.8 million, a 20% growth year over year
The results for the fourth quarter and for the full year 2020 reflect double digit growth in revenues, gross profit, operating income and net income. The results for the fourth quarter and for the ful...
Sapiens Reports Q4 and Full Year 2020 Financial Results
HOLON, Israel, Feb. 25, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of...
Formula Systems Reports Third Quarter 2020 Financial Results
Operating income for the third quarter increased by 23% year-over-year to a record breaking $45.4 million. Net income attributable to Formula's Shareholders for the third quarter increased by 29% year...
Sapiens Reports Third Quarter 2020 Financial Results
HOLON, Israel, Nov. 5, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of ...
Formula Systems Reports Second Quarter and First Half 2020 Financial Results
Operating income for the second quarter increased 24% year-over-year to a record breaking $40.7 million. Net income attributable to Formula’s Shareholders for the second quarter increased 24% year-ove...
Sapiens Reports Second Quarter 2020 Financial Results
HOLON, Israel, Aug. 4, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member...
Formula Systems Files Annual Report On Form 20-F For The Year Ended December 31, 2019
Or Yehuda, Israel, June 29, 2020 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. ( NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates...
Formula Systems Acquires 70% of Liram Financial Software Ltd.
The acquisition, completed by Michpal Micro Computers, a wholly owned subsidiary of Formula Systems, enables Michpal to expand its operations in the field Financial Accounting, Taxation and Compliance...
Formula Systems Reports First Quarter 2020 Financial Results
Operating income for the first quarter increased 22% year-over-year to a record breaking $38.8 million. Net income attributable to Formula’s Shareholders for the first quarter increased 10% year-over-...