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Formula Systems: 1Q Earnings Snapshot

May 28, 2020 GMT

OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Thursday reported first-quarter net income of $11 million.

On a per-share basis, the Or Yehuda, Israel-based company said it had net income of 71 cents.

The information technology company posted revenue of $466.3 million in the period.

Formula Systems shares have risen 11% since the beginning of the year. The stock has increased 60% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FORTY at https://www.zacks.com/ap/FORTY