Demand And Market StabilityOngoing healthy demand for the company’s AI, low-code, no-code, and service offerings and growing pipeline activity support management’s fiscal 2025 top-line guidance of roughly 7% to 9%.
Market PositionThe merger with Matrix I.T Ltd. is seen as a strategic opportunity to strengthen Magic’s market position through an expanded product and service offering at a greater, and more resilient, global scale.
Revenue GrowthNorth America revenue increased 11.1% year-over-year and revenue from Israel increased 17.7% year-over-year.