Magic Software Enterprises Q2 Profit Rises - Quick Facts

(RTTNews) - Magic Software Enterprises Ltd. (MGIC) said its second-quarter net income increased to $1.9 million or $0.06 per share from $1.09 million or $0.03 per share during the same period last year.

On a non-GAAP basis, net income for the period improved to $2.08 million or $0.06 per share from $1.21 million or $0.04 per share a year earlier.

For the second quarter ended June 30, 2010, total revenues were $21.47 million versus $13.59 million in the comparable period.