tiprankstipranks
Formula Systems Reports Record Financial Growth
Company Announcements

Formula Systems Reports Record Financial Growth

Formula Systems (FORTY) has released an update.

Don't Miss our Black Friday Offers:

Formula Systems has announced record-breaking financial results for the second quarter and first half of 2024, with year-over-year increases in operating income and net income for both periods. The company has also declared a cash dividend payment for shareholders, reflecting its strong performance and continued growth in the IT solutions market. Despite a challenging macroeconomic environment, the company’s subsidiaries have reported robust growth, demonstrating resilience and operational excellence.

For further insights into FORTY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyFormula Systems Ltd reports Q3 EPS $1.51 vs. $1.00 last year
TipRanks Auto-Generated NewsdeskFormula Systems Sees Record Revenue and Profit Growth
TipRanks Auto-Generated NewsdeskFormula Systems Raises NIS 150M in Debenture Offering
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App