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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues (Note 18):      
Software $ 23,110 $ 20,111 $ 17,261
Maintenance and technical support 16,751 14,407 13,821
Consulting services 73,467 54,060 24,268
Total revenues 113,328 88,578 55,350
Cost of revenues:      
Software 5,771 5,320 5,388
Maintenance and technical support 2,250 2,070 2,189
Consulting services 59,237 44,058 18,687
Total cost of revenues 67,258 51,448 26,264
Gross profit 46,070 37,130 29,086
Operating costs and expenses:      
Research and development, net (Note 15a) 2,047 2,072 1,310
Selling and marketing 20,147 17,526 15,308
General and administrative 9,159 8,194 8,210
Other income, net 0 0 1,972
Total operating costs and expenses 31,353 27,792 22,856
Operating income 14,717 9,338 6,230
Financial income (expenses), net (Note 15b) 221 (224) 238
Other income, net 125 159 42
Income before taxes on income 15,063 9,273 6,510
Tax benefit (taxes on income) (Note 13) 203 102 (334)
Net income 15,266 9,375 6,176
Net income attributable to non-controlling interests 222 0 0
Net income attributable to Magic Software Enterprises Shareholders $ 15,044 $ 9,375 $ 6,176
Net earnings per share attributable to Magic Software Enterprises Shareholders (Note 17):      
Basic earnings per share (in dollars per share) $ 0.41 $ 0.29 $ 0.19
Diluted earnings per share (in dollars per share) $ 0.41 $ 0.29 $ 0.19