Formula Systems (1985) Ltd. (FORTY)

USD 95.25

(0.53%)

Market Cap (In USD)

1.46 Billion

Revenue (In USD)

2.62 Billion

Net Income (In USD)

64.01 Million

Avg. Volume

561.00

Currency
USD
Country
Technology
Open
-
Prev. Close
-
Day Range
-
Year Range
60.39-96.5
PE
-
EPS
-
Beta Value
0.446
ISIN
US3464141056
CUSIP
346414105
CIK
1045986
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Technology
Industry
Information Technology Services
CEO
Mr. Guy Bernstein
Employee Count
-
Website
https://www.formulasystems.com
Ipo Date
1997-10-20
Details
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.