| Business Summary | | Formula
Systems
(1985)
Ltd.
is
a
global
information
technology
solutions
and
services
company
based
in
Israel.
The
Formula
Group
is
principally
engaged
in
providing
software
consulting
services,
developing
proprietary
software
products
and
providing
computer-based
business
solutions.
In
addition,
the
Company
manages
a
venture
capital
fund,
which
invests
in
early-stage
companies
that
develop
software
products
for
the
international
market.
The
Company
currently
delivers
its
solutions
in
over
50
countries
to
clients
with
complex
IT
services
needs,
including
a
number
of
Fortune
1,000
companies.
The
Company
operates
in
two
principal
business
areas,
IT
Services
and
Proprietary
Software
Solutions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Formula
Systems
(1985)
Ltd.
is
an
Israeli
software
and
information
technology
services
company
engaged
in
the
design,
development
and
implementation
of
business-critical
information
technology
and
proprietary
software
solutions.
For
the
three
months
ended
3/31/01,
revenues
rose
6%
to
$96.5
million.
Net
loss
totaled
$13.7
million
vs.
an
income
of
$38.7
million.
Results
reflect
increased
revenues
from
consulting
and
development
services,
offset
by
reduced
investment
gains. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
98,652;
after
tax
earnings
were
-8,496. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Dan Goldstein, 46 | Chairman
and CEO | Gad Goldstein, 41 | Pres | Naamit Salomon, 36 | VP-Fin. | Yoav Shaham, 60 | VP
- Marketing | Bruria Prushansky, 47 | Sec.
and Gen. Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|