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Technology Stocks : MAGIC SOFTWARE-MGIC

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From: JakeStraw	11/15/2011 8:44:52 AM
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Financial Highlights for the Third Quarter and Nine-Month Period Ended September 30, 2011 Third-quarter revenues increased 34% to $30 million compared to $22.4 million in the same period last year. Operating income for the third quarter increased 60% to $4 million, compared to $2.5 million in the same period last year. Net income for the third quarter increased 60% to $4 million compared to $2.5 million in the same period last year. Revenues for the nine-month period ended September 30, 2011 increased 30% to $82.8 million compared to $63.6 million in the same period last year. Operating income for the nine-month period ended September 30, 2011 increased 67% to $10.5 million compared to $6.3 million in the same period last year. Net income for the nine-month period ended September 30, 2011 increased 70% to $10.7 million compared to $6.3 million in the same period last year. Operating cash flow for the nine-month period ended September 30, 2011 totaled $9 million. Total cash and cash equivalents, short-term bank deposits, and short-term investments in marketable securities as of September 30, 2011 amounted to $46.6 million. finance.yahoo.com

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