Formula Systems (1985) Ltd. (FORTY)

NASDAQ: FORTY · IEX Real-Time Price · USD
84.35
0.00 (0.00%)
At close: Sep 26, 2022 12:00 AM
82.25
-2.10 (-2.49%)
null: Sep 26, 2022 4:00 PM EDT
0.00%
Market Cap 1.29B
Revenue (ttm) 2.55B
Net Income (ttm) 78.01M
Shares Out 15.32M
EPS (ttm) 5.02
PE Ratio 16.80
Forward PE n/a
Dividend $0.77 (0.91%)
Ex-Dividend Date Apr 11, 2022
Volume 19
Open 84.76
Previous Close 84.35
Day's Range 73.98 - 86.00
52-Week Range 73.98 - 142.00
Beta 0.48
Analysts n/a
Price Target n/a
Earnings Date Aug 18, 2022

About FORTY

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web ... [Read more...]

Industry IT Services
IPO Date Oct 21, 1997
CEO Guy Bernstein
Employees 20,333
Stock Exchange NASDAQ
Ticker Symbol FORTY
Full Company Profile

Financial Performance

In 2021, FORTY's revenue was $2.40 billion, an increase of 24.33% compared to the previous year's $1.93 billion. Earnings were $54.59 million, an increase of 16.69%.

Financial Statements

News

Formula Systems Reports Second Quarter and First Half 2022 Financial Results: Net Income for the Second Quarter Reach...

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 rec...

1 month ago - GlobeNewsWire

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 fi...

4 months ago - GlobeNewsWire

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 so...

4 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

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 pro...

10 months ago - GlobeNewsWire

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%, 50%...

1 year ago - Benzinga

Formula Systems Reports Second Quarter 2021 Financial Results: Record-Breaking Results with Double Digit Growth Acros...

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 pro...

1 year ago - GlobeNewsWire

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%.

1 year ago - Benzinga

Formula Systems Reports First Quarter 2021 Financial Results: Record-Breaking Results With Double Digit Growth Across...

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 prov...

1 year ago - GlobeNewsWire

Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net Income of $46.8 million, ...

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 full ...

1 year ago - GlobeNewsWire

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 t...

Other symbols: SPNS
1 year ago - PRNewsWire

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-o...

1 year ago - GlobeNewsWire

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 th...

Other symbols: SPNS
1 year ago - PRNewsWire

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-over-...

2 years ago - GlobeNewsWire

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 o...

2 years ago - PRNewsWire

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, ...

2 years ago - GlobeNewsWire

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 f...

2 years ago - GlobeNewsWire

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-ye...

2 years ago - GlobeNewsWire

3 Stocks That Have Grown Sales Fast: FORTY, LVMUY & VRSK

Growing sales is an essential catalyst to higher share prices. The S&P 500’s total sales grew by about 4% over the past five years through Sept.

Other symbols: LVMUYVRSK
2 years ago - GuruFocus

Formula Systems Acquires Unique Software Industries Ltd. for Approximately NIS 61 Million

The acquisition enables the Group to expand its operations in the field of management of payroll and human resources, in which it currently operates through its subsidiary, Michpal

2 years ago - GlobeNewsWire

Formula Systems Reports Second Quarter 2019 Results

Operating income for the second quarter increased 32% year over year to $32.7 million. Net income attributable to Shareholders for the first half of 2019 increased 28% year over year to $19.1 million  

3 years ago - GlobeNewsWire