what do you mean by mangical revenue
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Answer:
Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit of output. ... In economic theory, perfectly competitive firms continue producing output until marginal revenue equals marginal cost.
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Explanation:
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Magic Reports Fourth Quarter and Full Year 2019 Financial Results with Record-Breaking Annual Revenues of $325.6 million - a 15% Year Over Year Increase
Operating income for the year increased 6% year over year to $33.6 million; Non-GAAP operating income for the year increased 11% year over year to $43.9 million
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March 09, 2020 07:18 ET | Source: Magic Software Enterprises Ltd.
OR YEHUDA, Israel, March 09, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platform solutions and IT consulting services, announced today its financial results for the fourth quarter and full year ended December 31, 2019.
Financial Highlights for the Fourth Quarter Ended December 31, 2019
Revenues for the fourth quarter increased 26% to $90.9 million compared to $72.3 million in the same period last year.
Operating income for the fourth quarter increased 3% to $8.7 million compared to $8.4 million in the same period last year.
Non-GAAP operating income for the fourth quarter increased 14% to $11.4 million compared to $10.0 million in the same period last year.
Net income attributable to Magic's shareholders for the fourth quarter increased by 13% to $5.1 million, or loss of $0.03 per fully diluted share, compared to $4.5 million, or $0.06 per fully diluted share in the same period last year. Earnings per share for the fourth quarter of 2019 and 2018 were negatively impacted by accretion charges of $6.4 million and $1.5 million, respectively, with respect to change in the value of outstanding put options of redeemable non-controlling interests.
The Company classifies redeemable non-controlling interests as mezzanine equity, separate from permanent equity on the consolidated balance sheets and measures it at each reporting period at the higher of its redemption amount or the non-controlling interest book value. The changes in the redemption value measured on each reporting period is reported as part of the retained earnings and allocated to earnings for the purpose of calculating the company’s net income attributable to Magic’s shareholders per share.
Excluding the negative impact in the amount of charge with respect to the value of outstanding put options of redeemable non-controlling interests, earnings per share for the fourth quarter was $0.10 per fully diluted share
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