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Technology Stocks : MAGIC SOFTWARE-MGIC

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To: michael who wrote (178)	5/3/2000 9:40:00 AM
From: Dorine Essey	of 219

Magic Software Continues to Report Record Revenues, Operating Profits and Net Income Net Income Increases by 284% as Compared to Q1 1999 OR YEHUDA, Israel--(BUSINESS WIRE)--May 3, 2000--Magic Software Enterprises, Ltd. (Nasdaq: MGIC), a leading provider of enterprise-level e-commerce, customer service management and other business solutions, reported record sales and earnings today for the first quarter of 2000, exceeding analysts' expectations. This is the sixth quarter in a row the Company has delivered record sales performance, and the seventh consecutive quarter Magic has posted record net earnings. The Company attributed these results to growing worldwide acceptance of its e-commerce solutions, an improving market for software development tools, and increased penetration of the North American market.

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