Information Technology Services & Software Development
Strategic Profile
The company's main subsidiaries are Magic Software Enterprises Ltd., Matrix IT Ltd., and Sapiens International Corporation N.V. Formula Systems is one of the best-performing midcap tech stocks in the last 3 years, riding steady earnings growth and strategic portfolio realignment.
Cyborg Score Rationale
The company has demonstrated one of the best performances among midcap tech stocks in the last 3 years with steady earnings growth. Strong market position in Israel with diversified IT services portfolio across multiple high-growth technology areas.
Top Insights
Matrix segment generates the majority of revenue from software development and existing software expansion services
Asseco Poland is the major shareholder with 37.5% ownership
Services market focus includes telecommunications, banking, insurance, public utilities, airport, travel industry, and retail sectors
Traded dual-listed on both NASDAQ and TASE exchanges, providing access to both US and Israeli investor bases
Named Competitors
IT Consulting & Software Development — Israeli IT services competitor
Recent Developments
(November 2025) Announced Q3 2025 results with strong quarterly revenue and earnings growth
(May 2025) Filed annual report on Form 20-F for fiscal year 2024 with SEC
(Q3 2025) Maintained growth trajectory with 8.17% net income increase quarter-over-quarter
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