Revenue by Segment

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Establishment and Investment Sector in Start-Up Companies	3.50M	3.91M	5.16M	3.66M	2.00M
Establishment and Investment Sector in Start-Up Companies Growth	-10.34%	-24.27%	41.03%	82.53%	-25.78%
Consolidation Adjustments	-42.68M	-41.97M	-52.77M	-66.30M	-54.87M
Software, Projects, Business Solutions and AI	1.53B	1.45B	1.26B	1.15B	995.77M
Software, Projects, Business Solutions and AI Growth	6.11%	14.55%	10.03%	15.19%	11.22%
Infrastructure and Cloud	2.34B	2.09B	1.53B	1.37B	1.10B
Infrastructure and Cloud Growth	12.20%	36.06%	11.50%	25.05%	-7.10%
Payroll Service, Human Resources and Long-Term Savings	302.57M	287.71M	281.41M	244.75M	227.03M
Payroll Service, Human Resources and Long-Term Savings Growth	5.16%	2.24%	14.98%	7.80%	4.70%
Total	4.14B	3.78B	3.03B	2.70B	2.27B
Total Growth	9.43%	24.84%	12.01%	19.15%	1.54%

Source: S&P Global Market Intelligence.