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Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Revenues: |  |  |
Software | $ 28,084 | $ 25,454 | $ 21,644
Maintenance and technical support | 30,996 | 30,951 | 30,386
Consulting services | 266,550 | 227,970 | 206,110
Total revenues | 325,630 | 284,375 | 258,140
Cost of revenues: |  |  |
Software | 10,220 | 9,960 | 9,564
Maintenance and technical support | 4,167 | 4,120 | 3,888
Consulting services | 209,114 | 181,477 | 161,709
Total cost of revenues | 223,501 | 195,557 | 175,161
Gross profit | 102,129 | 88,818 | 82,979
Operating costs and expenses: |  |  |
Research and development, net | 8,239 | 5,696 | 6,942
Selling and marketing | 30,454 | 27,197 | 27,244
General and administrative | 29,784 | 24,227 | 22,837
Total operating costs and expenses | 68,477 | 57,120 | 57,023
Operating income | 33,652 | 31,698 | 25,956
Financial income (expenses), net | (1,180) | 149 | (1,711)
Income before taxes on income | 32,472 | 31,847 | 24,245
Taxes on income | 6,874 | 7,071 | 6,331
Net income | 25,598 | 24,776 | 17,914
Net income attributable to redeemable non-controlling interests | 3,111 | 3,383 | 1,536
Net income attributable to non-controlling interests | 2,221 | 1,510 | 936
Net income attributable to Magic Software Enterprises shareholders | $ 20,266 | $ 19,883 | $ 15,442
Net earnings per share attributable to Magic Software Enterprises' shareholders: |  |  |
Basic and Diluted earnings per share | $ 0.26 | $ 0.39 | $ 0.35

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