Magic Software Rides UniPaaS and iBOLT Waves in Q3
November 8, 2010 Timothy Prickett Morgan
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Asseco Group, the Polish holding company that is traded on the Warsaw Stock Exchange that recently took control of IBM i development tool maker Magic Software Enterprises, must be feeling pretty good about its investment. Magic Software’s sales and profits have shot up like a rocket in the most recent quarter. In the quarter ended September 30, Magic Software reported sales of $22.4 million, up 65.9 percent from the year ago period, and net income more than tripled to $2.6 million. This is the second quarter in a row of strong sales and profits from the software tool |
