OR YEHUDA, Israel (AP) _ Magic Software Enterprises Ltd. (MGIC) on Wednesday reported first-quarter earnings of $4.6 million.
The Or Yehuda, Israel-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The business process integration software company posted revenue of $69.7 million in the period.
Magic Software shares have declined 4.5 percent since the beginning of the year. The stock has dropped slightly in the last 12 months.