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Formula Systems 1985 Ltd (FORTY.OQ)

FORTY.OQ on NASDAQ Stock Exchange Global Select Market

40.11USD
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Sapiens International reports Q3 EPS $0.06
Thursday, 9 Nov 2017 04:20am EST 

Nov 9 (Reuters) - Sapiens International Corporation NV :Sapiens reports solid improvement in third quarter 2017 financial results.Q3 earnings per share $0.06.Sees FY 2017 revenue $265 million to $275 million.Q3 revenue $73.9 million versus I/B/E/S view $71.5 million.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Qtrly ‍non-gaap earnings per share $0.13​.Maintaining guidance for FY 2017 revenues of $265 to $275 million, which co now expects to be on higher end​.Sapiens International Corp- ‍maintaining expectations for FY operating profit margin between 9-10% , which co now expects to be on lower end of guidance​.  Full Article

Psagot Investment House reports 5.08 pct passive stake in Formula Systems 1985
Wednesday, 13 Sep 2017 09:12am EDT 

Sept 13 (Reuters) - Formula Systems 1985 Ltd :Psagot Investment House Ltd reports 5.08 percent passive stake in formula systems 1985 ltd as of september 07, 2017 - SEC Filing.  Full Article

Formula Systems 1985 consolidated qtrly revenue $329.1 mln
Thursday, 17 Aug 2017 06:25am EDT 

Aug 17 (Reuters) - Formula Systems 1985 Ltd :Formula Systems 1985 Ltd - consolidated net income attributable to co's shareholders for second quarter was $0.1 million, or $0.00 per fully diluted share.Formula systems 1985 Ltd - consolidated qtrly revenues increased by 27% to $329.1 million.  Full Article

Yair Lapidot reports a 5.5 pct passive stake in Formula Systems 1985 Ltd as of Aug 3 - SEC Filing‍​
Friday, 11 Aug 2017 08:45am EDT 

Aug 11 (Reuters) - Formula Systems 1985 Ltd :Yair Lapidot reports a 5.50 percent passive stake in Formula Systems 1985 Ltd as of August 3, 2017 - SEC Filing‍​.  Full Article

The Phoenix Holding Ltd reports 5.08 pct passive stake in Formula Systems 1985 Ltd - SEC filing‍​
Thursday, 10 Aug 2017 11:19am EDT 

Aug 10 (Reuters) - The Phoenix Holding Ltd::The Phoenix Holding Ltd reports 5.08 percent passive stake in Formula Systems 1985 Ltd as of August 3, 2017 - SEC filing‍​.  Full Article

‍Migdal Insurance & Financial reports a 5.05 pct passive stake in Formula Systems 1985 ​
Tuesday, 8 Aug 2017 08:08am EDT 

Aug 8 (Reuters) - Formula Systems 1985 Ltd :Migdal Insurance & Financial Holdings Ltd reports a 5.05 percent passive stake in Formula Systems 1985 as of August 3, 2017 - SEC filing​.  Full Article

Sapiens Q2 GAAP loss per share $0.07
Monday, 7 Aug 2017 01:53am EDT 

Aug 7 (Reuters) - Sapiens International Corporation Nv :Sapiens reports q2 2017 financial results.Q2 non-gaap earnings per share $0.04.Q2 gaap loss per share $0.07.Sees fy 2017 revenue $265 million to $275 million.Q2 revenue $69.2 million versus i/b/e/s view $66.1 million.Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Qtrly gaap revenue of $69.0 million, up 30.2% compared to $53.0 million in q2 of 2016..Qtrly non-gaap revenue of $69.2 million, up 30.4% compared to $53.0 million in q2 of 2016..Continue to expect restructuring and cost reduction expenses of up to $5 million for full year 2017.Sapiens international corporation - qtrly non-gaap net income attributable to sapiens' shareholders totaled $1.9 million or $0.04 per diluted share.Maintaining guidance for 2017 full year revenues of $265 to $275 million.Fy2017 earnings per share view $0.36, revenue view $268.9 million -- Thomson Reuters I/B/E/S.Q2 revenue view $66.1 million -- Thomson Reuters I/B/E/S.  Full Article

Formula Systems 1985 reports Q1 results
Thursday, 18 May 2017 06:12am EDT 

May 18 (Reuters) - Formula Systems 1985 Ltd :Formula Systems 1985 Ltd - consolidated revenues for Q1 increased by 19% to $310.9 million, compared to $262.2 million in the same period last year.Formula Systems 1985 Ltd - Q1 consolidated net income attributable to Formula’s shareholders was $0.2 million, or $0.01 per fully diluted share.  Full Article

Sapiens International Corporation NV q1 non-gaap earnings per share $0.02
Monday, 15 May 2017 06:18am EDT 

May 15 (Reuters) - Sapiens International Corporation Nv :Q1 non-gaap earnings per share $0.02 .Sapiens reports q1 2017 financial results.Q1 gaap loss per share $0.05.Sees FY 2017 revenue $265 million to $275 million.Q1 revenue $56.5 million versus i/b/e/s view $57.9 million.Q1 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.Maintains recently revised guidance for 2017 full year revenues of $265 to $275 million.Maintains expectations for between 3-4% operating profit margin for first half of 2017.Sapiens International Corporation NV - maintains expectations for a full-year operating profit margin between 9-10%.Sapiens International - currently implementing restructuring program that includes integrating sapiens' and stoneriver's back-office operations.Maintains expectations for operating profit margin increasing to 13.5-14.5% in second half of 2017.Sapiens international corporation - restructuring plan also includes realigning, shifting employees away from halted project and downsizing as necessary.  Full Article

Sapiens reports Q4 revenue $57.1 million
Tuesday, 28 Feb 2017 06:02am EST 

Sapiens International Corporation Nv : Sapiens reports Q4 2016 financial results . Q4 non-GAAP earnings per share $0.12 . Q4 GAAP earnings per share $0.08 . Sees FY 2017 revenue $270 million to $280 million . Q4 revenue $57.1 million versus I/B/E/S view $55.8 million . Q4 earnings per share view $0.12 -- Thomson Reuters I/B/E/S . Says expect full-year 2017 non-GAAP operating margins of approximately 13% .FY2017 revenue view $246.3 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Migdal Insurance & Financial Holdings ltd reports 4.97 percent passive stake in formula systems 1985

* Migdal Insurance & Financial Holdings Ltd reports 4.97 percent passive stake in Formula Systems 1985 Ltd as of October 18, 2017 - ‍​SEC filing Source text (http://bit.ly/2zMR5t2) Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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