Stock FORTY FORMULA SYSTEMS (1985) LTD.
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Company Formula Systems (1985) Ltd. Nasdaq

Equities

FORTY

US3464141056

IT Services & Consulting

Market Closed - Nasdaq
Other stock markets
 02:00:00 27/04/2024 am IST 		5-day change 1st Jan Change
74.8 USD +0.27% Intraday chart for Formula Systems (1985) Ltd. -0.27% +14.53%
19/03 Earnings Flash (FORTY) FORMULA SYSTEMS (1985) Reports Q4 Revenue $640.3M MT
19/03 Formula Systems Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Business Summary

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.

Number of employees: 22,000

Sales per Business

ILS in Million2021Weight2022Weight Delta
Matrix Information Technology
54.0 %
4,342 55.9 % 4,665 54.0 % +7.46%
Magic Software
21.8 %
1,543 19.9 % 1,887 21.8 % +22.32%
Sapiens
18.5 %
1,489 19.2 % 1,595 18.5 % +7.11%
Other
5.2 %
412 5.3 % 449 5.2 % +8.81%
Reconciling Items
-2.9 %
-290 -3.7 % -248 -2.9 % -14.59%
ZAP Group
1.9 %
167 2.1 % 168 1.9 % +0.50%
Michpal
1.5 %
104 1.3 % 127 1.5 % +22.26%

Sales per region

ILS in Million2021Weight2022Weight Delta
Israel
61.1 %
4,866 62.7 % 5,279 61.1 % +8.47%
United States
26.4 %
1,912 24.6 % 2,286 26.4 % +19.58%
Europe
10.2 %
826 10.6 % 881 10.2 % +6.71%
Africa
1.0 %
58 0.7 % 90 1.0 % +54.15%
Other (mainly Asia Pacific)
0.8 %
63 0.8 % 69 0.8 % +10.63%
Japan
0.4 %
42 0.5 % 38 0.4 % -8.55%

Managers

Managers TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 01/06/01
Asaf Berenstein DFI
 Director of Finance/CFO 46 01/11/01
Maya Solomon Ella COO
 Chief Operating Officer 46 01/16/01
Eyal Weitzman AUD
 Comptroller/Controller/Auditor 64 -

Members of the board

Members of the board TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 01/06/01
Ohad Melnik BRD
 Director/Board Member 52 04/19/04
Marek Pawel Panek CHM
 Chairman 53 25/10/25
Gabriela Barbara Zukowicz BRD
 Director/Board Member 49 01/22/01
Relly Ariela Danon BRD
 Director/Board Member 53 01/22/01
Karolina Rzonca-Bajorek BRD
 Director/Board Member 38 01/22/01
Rafal Kozlowski BRD
 Director/Board Member 50 01/21/01
Tomer Jacob BRD
 Director/Board Member 52 01/22/01

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 15,901,287 9,519,707 ( 59.87 %) 568,620 ( 3.576 %) 59.87 %

Shareholders

NameEquities%Valuation
ASSECO POLAND S.A.
25.82 %
3,958,154 25.82 % 318 M $
Guy Shimon Bernstein
11.73 %
1,797,973 11.73 % 145 M $
Harel Provident Funds Ltd.
7.559 %
1,159,013 7.559 % 93 M $
Menora Mivtachim Provident Funds Ltd.
7.120 %
1,091,708 7.120 % 88 M $
Yelin Lapidot Provident Funds Management Ltd.
3.081 %
472,439 3.081 % 38 M $
Yelin Lapidot Mutual Fund Management Ltd.
2.520 %
386,308 2.520 % 31 M $
KSM Mutual Funds Ltd.
1.766 %
270,775 1.766 % 22 M $
Migdal Mutual Funds Ltd.
1.447 %
221,826 1.447 % 18 M $
Meitav Mutual Funds Ltd.
1.355 %
207,722 1.355 % 17 M $
HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD
0.9215 %
141,292 0.9215 % 11 M $
NameEquities%Valuation
Harel Mutual Funds Ltd.
8.598 %
1,318,304 8.598 % 106 M $
Meitav Mutual Funds Ltd.
7.624 %
1,168,940 7.624 % 94 M $
Phoenix Investments House Ltd.
7.070 %
1,084,025 7.070 % 87 M $
Yelin Lapidot Investment Portfolio Management Ltd.
6.402 %
981,589 6.402 % 79 M $
CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
5.270 %
808,061 5.270 % 65 M $
Altshuler Shaham Investments House Ltd.
0.0929 %
14,251 0.0929 % 1 M $
TFG Advisers LLC
0.0497 %
7,624 0.0497 % 610 682 $
GHP Investment Advisors, Inc.
0.0454 %
6,961 0.0454 % 557 576 $
Dimensional Fund Advisors LP
0.0269 %
4,126 0.0269 % 330 493 $
Morgan Stanley Capital Services LLC
0.0190 %
2,907 0.0190 % 232 851 $

Holdings

NameEquities%Valuation
SAPIENS INTERNATIONAL CORPORATION N.V.
44.08%
 24,314,766 44.08% 781,962,875 $
MATRIX IT LTD.
48.21%
 30,623,239 48.21% 677,544,369 $
MAGIC SOFTWARE ENTERPRISES LTD.
46.26%
 22,710,106 46.26% 260,030,714 $

Company contact information

Formula Systems (1985) Ltd.

Yahadut Canada 1 Street

60375, Or Yehuda

+972 3 538 9487

http://www.formulasystems.com
address Formula Systems (1985) Ltd.(FORTY)

Sector

Technology
Software & IT Services
Software & IT Services
IT Services & Consulting
Other IT Services & Consulting

Sales per Business

Sales per region

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