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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