Formula Systems 1985 Ltd

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$116.90

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$116.9

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$1.8 billion USD

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Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides soft...


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Formula Systems reported strong financial results for the second quarter and first half of 2024, with record-breaking revenues, operating income, and net income. The company's subsidiaries, including Matrix IT, Sapiens, and Magic Software, also performed well during the period.

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