Formula Systems (1985) (NASDAQ:FORTY) Posts Earnings Results

Formula Systems (1985) (NASDAQ:FORTY) posted its quarterly earnings data on Thursday. The technology company reported $1.28 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $691.50 million for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) Trading Down 3.6 %

FORTY opened at $92.58 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 19.21 and a beta of 1.10. The firm’s 50 day moving average is $93.15 and its 200-day moving average is $86.85. Formula Systems has a 52-week low of $69.07 and a 52-week high of $100.00. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.