TASE:FORTYIT
Formula Systems (1985) (TASE:FORTY) Top Line Strength Meets EPS Pause
Formula Systems (1985) came into this earnings print with the stock around ₪355.9 and a mixed recent run, modest gains over 7 and 30 days and a slip over 90 days. The IT services thesis here has leaned on solid earnings quality. Q2 results keep that story alive but with a twist.
Revenue reached US$782.4m, ahead of Q1, yet net income from ongoing operations eased to US$23.3m and basic EPS slipped to US$1.52. For investors, the headline is clear: the top line in this tech portfolio is grinding...