Formula Systems (1985) Ltd. (FORTY)

NASDAQ: FORTY · IEX Real-Time Price · USD
73.60
+1.28 (1.77%)
Feb 23, 2024, 4:00 PM EST - Market closed
1.77%
Market Cap 1.13B
Revenue (ttm) 2.64B
Net Income (ttm) 63.64M
Shares Out 15.33M
EPS (ttm) 4.09
PE Ratio 18.08
Forward PE n/a
Dividend $0.63 (0.86%)
Ex-Dividend Date Jun 2, 2023
Volume 786
Open 73.09
Previous Close 72.32
Day's Range 73.09 - 74.80
52-Week Range 55.97 - 79.80
Beta 0.43
Analysts n/a
Price Target n/a
Earnings Date Mar 14, 2024

About FORTY

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data. It also provides customer relations management, computer systems man... [Read more]

Sector Technology
IPO Date Oct 21, 1997
Employees 22,059
Stock Exchange NASDAQ
Ticker Symbol FORTY
Full Company Profile

Financial Performance

In 2022, FORTY's revenue was $2.57 billion, an increase of 6.99% compared to the previous year's $2.40 billion. Earnings were $81.39 million, an increase of 49.11%.

Financial Statements

News

Formula Systems Reports Third Quarter and Nine Months 2023 Financial Results:

Revenues for the Third Quarter Increased by 4.3% (or 10.8% on a constant currency basis) Year Over Year to a third-quarter record-breaking $654.8 Million with Net Income for the Third Quarter reaching...

3 months ago - GlobeNewsWire

Formula Systems Reports Second Quarter and First Half 2023 Financial Results

Revenues for the Second Quarter Increased by 3% (or 9.1% on a constant currency basis) Year Over Year to a second-quarter record-breaking $655.4 Million with Net Income for the Second Quarter reaching...

6 months ago - GlobeNewsWire

Formula Systems Reports First Quarter 2023 Financial Results: Revenues for the First Quarter Increased by 3% Year Over Year to a Record-Breaking $670.4 Million

Operating Income for the First Quarter Increased by 2.3% Year Over Year to a Record-Breaking $60.8 million Operating Income for the First Quarter Increased by 2.3% Year Over Year to a Record-Breaking ...

9 months ago - GlobeNewsWire

Formula Systems Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)

Net income for the year increased by 49.1% year over year to a record-breaking result of $81.4 million Net income for the year increased by 49.1% year over year to a record-breaking result of $81.4 mi...

1 year ago - GlobeNewsWire

Formula Systems Reports Third Quarter and Nine Months 2022 Financial Results

OR YEHUDA, Israel, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsi...

1 year ago - GlobeNewsWire

Formula Systems Reports Second Quarter and First Half 2022 Financial Results: Net Income for the Second Quarter Reached $32.9 Million

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 r...

1 year 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 ...

1 year 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 ...

1 year 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

2 years 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 p...

2 years 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%, 5...

2 years ago - Benzinga

Formula Systems Reports Second Quarter 2021 Financial Results: Record-Breaking Results with Double Digit Growth Across All Key Financial Indices

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 p...

2 years 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%.

3 years ago - Benzinga

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

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 pr...

3 years ago - GlobeNewsWire

Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net Income of $46.8 million, a 20% growth year over year

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 ful...

3 years 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...

Other symbols: SPNS
3 years 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...

3 years 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 ...

Other symbols: SPNS
3 years 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-ove...

3 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...

3 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...

3 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...

4 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-...

4 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
4 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

4 years ago - GlobeNewsWire