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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues (Note 18-19):      
Software $ 25,454 $ 21,644 $ 19,626
Maintenance and technical support 30,951 30,386 25,885
Consulting services 227,970 206,110 156,135
Total revenues 284,375 258,140 201,646
Cost of revenues:      
Software 9,960 9,564 8,674
Maintenance and technical support 4,120 3,888 2,952
Consulting services 181,477 161,709 121,756
Total cost of revenues 195,557 175,161 133,382
Gross profit 88,818 82,979 68,264
Operating costs and expenses:      
Research and development, net (Note 20a) 5,696 6,942 5,839
Selling and marketing 27,197 27,244 23,776
General and administrative 24,227 22,837 17,562
Total operating costs and expenses 57,120 57,023 47,177
Operating income 31,698 25,956 21,087
Financial income (expense), net (Note 20b) 149 (1,711) (430)
Income before taxes on income 31,847 24,245 20,657
Taxes on income (Note 13) 7,071 6,331 3,949
Net income 24,776 17,914 16,708
Net income attributable to redeemable non-controlling interests 3,383 1,536 2,258
Net income attributable to non-controlling interests 1,510 936 281
Net income attributable to Magic Software Enterprises shareholders $ 19,883 $ 15,442 $ 14,169
Net earnings per share attributable to Magic Software Enterprises' shareholders (Note 2, 17):      
Basic and Diluted earnings per share $ 0.39 $ 0.35 $ 0.27