Magic Software Ekes Out a Profit in Q4
March 5, 2007 Timothy Prickett Morgan
Magic Software Enterprises, a provider of application development tools for i5/OS and OS/400 platforms, has begun to turn itself around financially after a restructuring of its operations that began in October 2006. The Or Yeduda, Israel company reported its financial results for the fourth quarter of 2006, and says that it has returned to profitability. Sales in the fourth quarter increase by 8 percent to $16.2 million, and were up sequentially by 7 percent from the $15.1 million in sales the company reported in the third quarter that necessitated the October 2006 restructuring. The brightest spot in the quarter |