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v3.23.1

Consolidated Statements of Profit or Loss - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
Revenues: |  |
Software services | $ 32,930 | $ 30,934
Maintenance and technical support | 34,762 | 36,149
Consulting services | 499,100 | 413,242
Total revenues | 566,792 | 480,325
Cost of revenues: |  |
Software services | 10,701 | 12,182
Maintenance and technical support | 3,494 | 4,144
Consulting services | 397,242 | 331,005
Total cost of revenues | 411,437 | 347,331
Gross profit | 155,355 | 132,994
Research and development expenses, net | 10,090 | 8,995
Selling and marketing expenses | 46,857 | 38,147
General and administrative expenses | 37,552 | 31,222
Change in valuation of contingent consideration related to acquisitions | (906) | 2,507
Operating income | 61,762 | 52,123
Financial expenses | (4,993) | (3,802)
Financial income | 1,392 | 113
Increase in valuation of consideration related to acquisitions) | (744) | (2,817)
Income before taxes on income | 57,417 | 45,617
Taxes on income | 11,138 | 10,278
Net income | 46,279 | 35,339
Attributable to: |  |
Equity holders of the Company | 40,470 | 29,767
Non-controlling interests | 5,809 | 5,572
Net income | $ 46,279 | $ 35,339
Net earnings per share attributable to equity holders of The Company |  |
Basic and diluted earnings per share (in Dollars per share) | $ 0.82 | $ 0.61

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