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Formula Systems: 2Q Earnings Snapshot

August 18, 2020 GMT

OR YEHUDA, Israel (AP) _ Formula Systems (1985) Ltd. (FORTY) on Tuesday reported second-quarter net income of $11.2 million.

On a per-share basis, the Or Yehuda, Israel-based company said it had profit of 73 cents.

The information technology company posted revenue of $437.1 million in the period.

Formula Systems shares have climbed 44% since the beginning of the year. The stock has climbed 64% 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