Formula Systems (1985) Ltd. (FORTY)
| Market Cap | 1.32B |
| Revenue (ttm) | 1.93B |
| Net Income (ttm) | 46.78M |
| Shares Out | 15.29M |
| EPS (ttm) | 3.10 |
| PE Ratio | 27.97 |
| Forward PE | n/a |
| Dividend | $0.52 |
| Dividend Yield | 0.60% |
| Trading Day | July 23 |
| Last Price | $86.60 |
| Previous Close | $85.10 |
| Change ($) | 1.50 |
| Change (%) | 1.76% |
| Day's Open | 86.04 |
| Day's Range | 85.45 - 86.60 |
| Day's Volume | 4,701 |
| 52-Week Range | 74.79 - 98.38 |
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%.
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...
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 ...
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...
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...
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...
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-...
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...
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, ...
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...
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...
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.
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
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
About FORTY
Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, applica... [Read more...]
| Industry Information Technology Services | IPO Date Oct 21, 1997 |
| CEO Guy Bernstein | Employees 15,101 |
| Stock Exchange NASDAQ | Ticker Symbol FORTY |
Financial Performance
In 2020, FORTY's revenue was $1.93 billion, an increase of 13.69% compared to the previous year's $1.70 billion. Earnings were $46.78 million, an increase of 20.49%.