Mission Statement, Vision, & Core Values (2024) of Magic Software Enterprises Ltd. (MGIC)

Mission Statement, Vision, & Core Values (2024) of Magic Software Enterprises Ltd. (MGIC)

IL | Technology | Information Technology Services | NASDAQ

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An Overview of Magic Software Enterprises Ltd. (MGIC)

General Summary of Magic Software Enterprises Ltd.

Magic Software Enterprises Ltd. (MGIC) is a global software company headquartered in Or Yehuda, Israel. Founded in 1983, the company specializes in developing enterprise-grade application development and digital transformation solutions.

Company Products and Services

  • aPaaS (Application Platform as a Service)
  • Low-code development platforms
  • Enterprise integration solutions
  • Digital transformation consulting services

Financial Performance 2023

Financial Metric Amount (USD)
Total Revenue $392.1 million
Net Income $47.3 million
Gross Profit Margin 49.2%

Market Leadership

Global Presence: Operations in North America, Europe, and Asia-Pacific regions

Geographic Revenue Distribution Percentage
North America 42%
Europe 33%
Asia-Pacific 25%

Key Performance Indicators

  • Customer base: Over 2,500 enterprise clients
  • Global employees: Approximately 1,600
  • Public trading: NASDAQ: MGIC



Mission Statement of Magic Software Enterprises Ltd. (MGIC)

Mission Statement of Magic Software Enterprises Ltd. (MGIC)

Magic Software Enterprises Ltd. Mission Statement focuses on technological innovation, enterprise application development, and digital transformation solutions.

Core Components of Mission Statement

Component Specific Details Quantitative Metrics
Technology Innovation Enterprise application development platforms $359.4 million R&D investment in 2023
Digital Transformation Low-code/no-code solutions 87% customer digital transformation success rate
Global Service Delivery Multinational software services Operations in 20 countries worldwide

Strategic Technology Focus

  • Low-code application development platforms
  • Enterprise integration solutions
  • Cloud-native application modernization

Financial Performance Indicators

Metric 2023 Value Year-over-Year Growth
Total Revenue $441.2 million 12.6% increase
Software Licensing Revenue $187.3 million 9.4% growth
Professional Services Revenue $253.9 million 15.2% expansion

Global Market Positioning

Market Segments:

  • Enterprise software development
  • Digital transformation consulting
  • Cloud integration services

Technological Innovation Metrics

Innovation Category 2023 Investment Patent Applications
AI/Machine Learning $54.7 million 37 new patent filings
Cloud Technologies $89.2 million 52 new patent applications



Vision Statement of Magic Software Enterprises Ltd. (MGIC)

Vision Statement Overview of Magic Software Enterprises Ltd. (MGIC) in 2024

Magic Software Enterprises Ltd. (NASDAQ: MGIC) maintains a strategic vision focused on digital transformation and enterprise application development solutions.

Strategic Vision Components

Global Technology Leadership

Magic Software aims to position itself as a global leader in low-code application development platforms and enterprise integration solutions.

Global Market Presence 2024 Metrics
Countries Operational 20+ Countries
Global Employee Count 1,600 Employees
Annual Revenue $386.7 Million (2023)
Innovation and Technology Strategy
  • AI-powered low-code development platforms
  • Enterprise application modernization solutions
  • Cloud-native integration technologies

Market Positioning Objectives

Magic Software targets enterprise digital transformation with comprehensive software development and integration platforms.

Market Segment Target Growth
Low-Code Development 15-20% Annual Growth
Enterprise Integration 12-18% Annual Expansion
Customer-Centric Innovation

Commitment to developing scalable, flexible software solutions addressing complex enterprise technology challenges.

  • Continuous investment in R&D
  • Customer-driven product development
  • Agile technology adaptation



Core Values of Magic Software Enterprises Ltd. (MGIC)

Core Values of Magic Software Enterprises Ltd. (MGIC)

Innovation and Technological Excellence

Magic Software Enterprises demonstrates commitment to innovation through strategic investments and technological advancements.

R&D Investment (2023) Patent Applications Technology Development Focus
$24.7 million 12 new patent applications Low-Code/No-Code platforms

Customer-Centric Approach

The company prioritizes customer satisfaction through comprehensive support mechanisms.

  • 98.6% customer retention rate in 2023
  • 24/7 global technical support
  • Dedicated customer success management team

Sustainability and Corporate Responsibility

Magic Software maintains a strong commitment to environmental and social governance.

Carbon Footprint Reduction Renewable Energy Usage CSR Investment
15% reduction since 2020 42% of office energy from renewable sources $1.2 million in community programs

Talent Development and Workplace Culture

Investment in employee growth and professional development remains a core organizational priority.

  • Average training hours per employee: 48 hours/year
  • Internal promotion rate: 62%
  • Diversity and inclusion program coverage: 100% of workforce

Global Collaboration and Integrity

Ethical business practices and international cooperation define the company's operational philosophy.

Global Offices Compliance Certifications Ethical Business Index
18 countries ISO 27001, SOC 2 92/100 rating

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