Formula Systems: Q1 Earnings Snapshot

OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Formula Systems (1985) Ltd. (FORTY) on Wednesday reported net income of $17.2 million in its first quarter.

The Or Yehuda, Israel-based company said it had profit of $1.10 per share.

The information technology company posted revenue of $698.4 million in the period.


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