Latest news with #ITconsulting
Yahoo
19-05-2025
- Business
- Yahoo
Magic Software Files Annual Report on Form 20-F for the Year Ended December 31, 2024
OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (Nasdaq and TASE: MGIC) ('Magic Software' or the 'Company'), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the 'SEC') on Wednesday, May 14, 2025. The annual report on Form 20-F, which contains Magic Software's audited annual financial statements for 2024, can be accessed on the SEC's website at as well as via the Company's investor relations website at The Company will deliver a hard copy of its 2024 annual report on Form 20-F, including its complete audited financial statements, free of charge, to its shareholders upon request to Asaf Berenstin, Chief Financial Officer, at asafb@ About Magic Software Enterprises Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) is a global provider of end-to-end integration and application development platforms solutions and IT consulting services. To learn more about Formula, visit Press Contact: Ronen PlatkevitzMagic Software Enterprisesir@
CNA
08-05-2025
- Business
- CNA
Software provider EPAM raises annual forecasts, announces CEO change
EPAM Systems raised its annual revenue and profit forecasts on Thursday, helped by steady enterprise demand for its IT consulting services, sending its shares up around 10 per cent in premarket trading. The company also said its founder and CEO Arkadiy Dobkin will transition to executive chairman on September 1, and revenue chief Balazs Fejes will take over as chief executive. EPAM's broad portfolio of consulting services helped it navigate a tough spending environment as enterprises pull back on non-essential tech projects. Larger rivals such as Accenture and IBM have been hit by federal deal cancellations as President Donald Trump's administration tries to curb government spending. The Newtown, Pennsylvania-based EPAM expects 2025 revenue growth in the range of 11.5 per cent to 14.5 per cent, up from the previous range of 10 per cent to 14 per cent. EPAM expects full-year adjusted earnings per share in the range of $10.70 to $10.95, compared with its prior forecast of $10.45 to $10.75. The company reported first-quarter revenue of $1.30 billion, beating estimates of $1.28 billion, according to data compiled by LSEG. It posted an adjusted profit per share of $2.41 for the three months ended March 31, compared with estimates of $2.27 per share. The company also forecast second-quarter revenue and adjusted profit per share above estimates. EPAM had bought FD Technologies' consulting unit in late 2024, in a bid to strengthen its presence in artificial intelligence-driven financial services.
