Magic Software Rides UniPaaS and iBOLT Waves in Q3
November 8, 2010 Timothy Prickett Morgan
Asseco Group, the Polish holding company that is traded on the Warsaw Stock Exchange that recently took control of IBM i development tool maker Magic Software Enterprises, must be feeling pretty good about its investment. Magic Software’s sales and profits have shot up like a rocket in the most recent quarter. In the quarter ended September 30, Magic Software reported sales of $22.4 million, up 65.9 percent from the year ago period, and net income more than tripled to $2.6 million. This is the second quarter in a row of strong sales and profits from the software tool |