f**********g
发帖数: 2252 | 1 http://www.rttnews.com/ArticleView.aspx?ID=1529051&pageNum=1
(RTTNews) - Cloud computing, the result of web revolution, represents the
lean consumption of computing resources - the antithesis of bulky, expensive
hardware acquisition and lengthy code writing projects.
According to global market research and consulting company MarketsandMarkets
.com, the global cloud computing market is anticipated to grow from $37.8
billion in 2010 to $121.1 billion in 2015 at a CAGR of 26.2%. Merrill Lynch
projects the cloud market at $160 billion by 2011, and Gartner estimates it
at $150 billion by 2013.
Amid the growing demand for cloud computing from application vendors, let's
take a look at Israel-based application platform and business integration
specialist, Magic Software Enterprises Ltd. (MGIC: News ). This company went
public on the NASDAQ Global Market in August 1991 and on the TASE (Tel Aviv
Stock Exchange) in November 2000.
Magic Software Enterprises is a global provider of on-premise and cloud-
enabled application platform (uniPaaS) and business integration solutions (
iBOLT).
The uniPaaS application platform enables enterprises and software vendors to
build client/server applications and RIA (rich internet applications)
targeting the latest technologies such as cloud computing, mobile phones and
Software-as-a-Service (SaaS) offerings. The iBOLT business integration
suite simplifies the integration of business applications including ERP (
Enterprise resource planning), CRM (Customer relationship management) ,
logistics, and supply chain management.
The company has a presence in over 50 countries , has thousands of customers
and has partnerships with global IT leaders, including SAP AG (SAP),
Salesforce.com (CRM), International Business Machines Corp. (IBM) and Oracle
Corp. (ORCL).
This dual-listed company is a subsidiary of Formula Systems Ltd. (FORTY),
which trades on the NASDAQ and the TASE. Emblaze Ltd., an Israeli company
trading on the London Stock Exchange, held a controlling stake in Formula
Systems until last September. Asseco Poland SA, the largest IT provider in
Poland, which is traded on the Warsaw Stock Exchange, purchased Formula
Systems' stake from Emblaze for $139 million in September.
As recently as December 15, 2010, Magic Software came to be included on the
Mid-Cap 50 Index of the TASE, occupying a place among the top 150 most
valuable companies listed on the TASE.
A quick peek at Magic Software's financial metrics from 2005 through 2009
reveals that there has been a year-over year increase in revenue in all the
years except in 2009. Revenue is generated from sales of software,
maintenance and technical support and consulting services.
(RTTNews) - Revenue
2005 - $51.8 Mln
2006 - $52.6 Mln
2007 - $58.4 Mln
2008 - $61.9 Mln
2009 - $55.4 Mln
In 2009, the company's revenue decreased by 11% to $55.4 million, hurt by
lower demand for its products caused by the global economic downturn. But
now things are looking up, and for the first nine-month period of 2010 alone
, revenues totaled $63.6 million.
Historically, Europe has accounted for a major part of the company's revenue
, making up 40%-43% of the total, followed by United States' 32%-33% share,
Japan's 16%, Israel's 6.5%-7.5% while others accounted for 2.5%-3% of the
total revenue. In the third quarter of 2010, the U.S contributed to 61% of
the total revenue, Europe 20%, Japan 13% and rest of the world made up 6%,
according to the company.
The company incurred losses in 2005 and 2006 but has been reporting profits
in the successive years, helped by capital gains, improving sales and
expense control initiatives.
Net Income/EPS
2007 - $12.61 Mln/$0.39
2008 - $4.51 Mln/$0.14
2009 - $6.18 Mln/$0.19
For the nine-month period of 2010, Magic Software's net income soared to $6.
29 million or $0.19 per share from $2.70 million or $0.08 per share in the
comparable year-ago period.
The company is scheduled to report its Q4 and full-year 2010 results on
February 2.
(RTTNews) - On January 6, the company announced another new partnership -
with Quistor, Europe's largest JD Edwards consultancy, support and
application management provider. Quistor will be using Magic Software's
iBOLT business integration suite to integrate and extend the life of JD
Edwards applications.
Israeli infrastructure and real estate company Shikun & Binui, a member of
the Arison Group, and Canadian gold producer Agnico-Eagle Mines Ltd. (AEM)
are the other companies that adopted Magic Software's iBOLT Integration
suite this month.
Magic Software's uniPaaS and iBOLT technologies also serve the needs of
global companies seeking compliance with the Brazilian government's Nota
Fiscal Eletronica (NF-e) regulations. A digital confirmation of the receipt
of tax documents, which is required before most goods can be shipped within
Brazil, is referred to as Nota Fiscal Eletronica.
Magic Software says it has provided NF-e solutions to more than 100
customers in Brazil, Europe and North America, including Sony DADC, Foroni,
Conquest Soft Drinks, Organiza and Royal Canin.
Looking ahead, the company is focused on building upon its mature technology
stacks of uniPaaS and iBOLT, to create a public cloud offering - code named
'Open Sky', for its new and existing customers.
The company raised $21.2 million last month, in a private placement
transaction, selling an aggregate of roughly 3.26 million ordinary shares at
a price of $6.50 per share for working capital purposes. The offering
closed on December 22, 2010 and certain of the buyers who received warrants
can purchase up to an aggregate of about 1.13 million ordinary shares at an
exercise price of $8.26 per share. The warrants are exercisable as of six
months from the date of issuance.
Magic Software, which has a history of organic growth, has no debt. As on
September 30, 2010, the company had $25.7 million in total cash.
The popularity of cloud computing continues to surge and an increasing
number of high-performance computing users are now adopting cloud services.
In such a scenario, there is a growing need for enterprises to take
advantage of the benefits of cloud computing while maintaining their
existing applications. This calls for enterprises to be able to connect both
cloud-based applications and on-premise legacy applications, benefiting
Magic Software, a cloud/on-premise application platform and business
integration solutions provider.
The year 2010 was a banner year for Magic Software with its share price
getting nearly quadrupled to more than $6 by the end of December. The stock,
which has extended its rally into 2011, has since gained nearly 24% as of
Friday's closing price of $7.84. Will history repeat itself this year? Stay
tuned... | f**********g
发帖数: 2252 | 2 http://www.rttnews.com/ArticleView.aspx?ID=1529051&pageNum=1
(RTTNews) - Cloud computing, the result of web revolution, represents the
lean consumption of computing resources - the antithesis of bulky, expensive
hardware acquisition and lengthy code writing projects.
According to global market research and consulting company MarketsandMarkets
.com, the global cloud computing market is anticipated to grow from $37.8
billion in 2010 to $121.1 billion in 2015 at a CAGR of 26.2%. Merrill Lynch
projects the cloud market at $160 billion by 2011, and Gartner estimates it
at $150 billion by 2013.
Amid the growing demand for cloud computing from application vendors, let's
take a look at Israel-based application platform and business integration
specialist, Magic Software Enterprises Ltd. (MGIC: News ). This company went
public on the NASDAQ Global Market in August 1991 and on the TASE (Tel Aviv
Stock Exchange) in November 2000.
Magic Software Enterprises is a global provider of on-premise and cloud-
enabled application platform (uniPaaS) and business integration solutions (
iBOLT).
The uniPaaS application platform enables enterprises and software vendors to
build client/server applications and RIA (rich internet applications)
targeting the latest technologies such as cloud computing, mobile phones and
Software-as-a-Service (SaaS) offerings. The iBOLT business integration
suite simplifies the integration of business applications including ERP (
Enterprise resource planning), CRM (Customer relationship management) ,
logistics, and supply chain management.
The company has a presence in over 50 countries , has thousands of customers
and has partnerships with global IT leaders, including SAP AG (SAP),
Salesforce.com (CRM), International Business Machines Corp. (IBM) and Oracle
Corp. (ORCL).
This dual-listed company is a subsidiary of Formula Systems Ltd. (FORTY),
which trades on the NASDAQ and the TASE. Emblaze Ltd., an Israeli company
trading on the London Stock Exchange, held a controlling stake in Formula
Systems until last September. Asseco Poland SA, the largest IT provider in
Poland, which is traded on the Warsaw Stock Exchange, purchased Formula
Systems' stake from Emblaze for $139 million in September.
As recently as December 15, 2010, Magic Software came to be included on the
Mid-Cap 50 Index of the TASE, occupying a place among the top 150 most
valuable companies listed on the TASE.
A quick peek at Magic Software's financial metrics from 2005 through 2009
reveals that there has been a year-over year increase in revenue in all the
years except in 2009. Revenue is generated from sales of software,
maintenance and technical support and consulting services.
(RTTNews) - Revenue
2005 - $51.8 Mln
2006 - $52.6 Mln
2007 - $58.4 Mln
2008 - $61.9 Mln
2009 - $55.4 Mln
In 2009, the company's revenue decreased by 11% to $55.4 million, hurt by
lower demand for its products caused by the global economic downturn. But
now things are looking up, and for the first nine-month period of 2010 alone
, revenues totaled $63.6 million.
Historically, Europe has accounted for a major part of the company's revenue
, making up 40%-43% of the total, followed by United States' 32%-33% share,
Japan's 16%, Israel's 6.5%-7.5% while others accounted for 2.5%-3% of the
total revenue. In the third quarter of 2010, the U.S contributed to 61% of
the total revenue, Europe 20%, Japan 13% and rest of the world made up 6%,
according to the company.
The company incurred losses in 2005 and 2006 but has been reporting profits
in the successive years, helped by capital gains, improving sales and
expense control initiatives.
Net Income/EPS
2007 - $12.61 Mln/$0.39
2008 - $4.51 Mln/$0.14
2009 - $6.18 Mln/$0.19
For the nine-month period of 2010, Magic Software's net income soared to $6.
29 million or $0.19 per share from $2.70 million or $0.08 per share in the
comparable year-ago period.
The company is scheduled to report its Q4 and full-year 2010 results on
February 2.
(RTTNews) - On January 6, the company announced another new partnership -
with Quistor, Europe's largest JD Edwards consultancy, support and
application management provider. Quistor will be using Magic Software's
iBOLT business integration suite to integrate and extend the life of JD
Edwards applications.
Israeli infrastructure and real estate company Shikun & Binui, a member of
the Arison Group, and Canadian gold producer Agnico-Eagle Mines Ltd. (AEM)
are the other companies that adopted Magic Software's iBOLT Integration
suite this month.
Magic Software's uniPaaS and iBOLT technologies also serve the needs of
global companies seeking compliance with the Brazilian government's Nota
Fiscal Eletronica (NF-e) regulations. A digital confirmation of the receipt
of tax documents, which is required before most goods can be shipped within
Brazil, is referred to as Nota Fiscal Eletronica.
Magic Software says it has provided NF-e solutions to more than 100
customers in Brazil, Europe and North America, including Sony DADC, Foroni,
Conquest Soft Drinks, Organiza and Royal Canin.
Looking ahead, the company is focused on building upon its mature technology
stacks of uniPaaS and iBOLT, to create a public cloud offering - code named
'Open Sky', for its new and existing customers.
The company raised $21.2 million last month, in a private placement
transaction, selling an aggregate of roughly 3.26 million ordinary shares at
a price of $6.50 per share for working capital purposes. The offering
closed on December 22, 2010 and certain of the buyers who received warrants
can purchase up to an aggregate of about 1.13 million ordinary shares at an
exercise price of $8.26 per share. The warrants are exercisable as of six
months from the date of issuance.
Magic Software, which has a history of organic growth, has no debt. As on
September 30, 2010, the company had $25.7 million in total cash.
The popularity of cloud computing continues to surge and an increasing
number of high-performance computing users are now adopting cloud services.
In such a scenario, there is a growing need for enterprises to take
advantage of the benefits of cloud computing while maintaining their
existing applications. This calls for enterprises to be able to connect both
cloud-based applications and on-premise legacy applications, benefiting
Magic Software, a cloud/on-premise application platform and business
integration solutions provider.
The year 2010 was a banner year for Magic Software with its share price
getting nearly quadrupled to more than $6 by the end of December. The stock,
which has extended its rally into 2011, has since gained nearly 24% as of
Friday's closing price of $7.84. Will history repeat itself this year? Stay
tuned... |
|
