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v3.24.1.1.u2

Consolidated Statements of Profit or Loss - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Revenues: |  |  |
Software services | $ 32,694 | $ 32,930 | $ 30,934
Maintenance and technical support | 33,999 | 34,762 | 36,149
Consulting services | 468,359 | 499,100 | 413,242
Total revenues | 535,052 | 566,792 | 480,325
Total cost of revenues | 382,065 | 411,437 | 347,331
Gross profit | 152,987 | 155,355 | 132,994
Research and development expenses, net | 10,328 | 10,090 | 8,995
Selling and marketing expenses | 44,500 | 46,857 | 38,147
General and administrative expenses | 40,811 | 37,552 | 31,222
Change in valuation of contingent consideration related to acquisitions | 240 | (906) | 2,507
Operating income | 57,108 | 61,762 | 52,123
Financial expenses | (9,227) | (4,993) | (3,802)
Financial income | 4,901 | 1,392 | 113
Increase in valuation of consideration related to acquisitions | (290) | (744) | (2,817)
Group’s share of earnings (losses) of a company accounted for at equity, net | (56) |  |
Income before taxes on income | 52,436 | 57,417 | 45,617
Taxes on income | 9,934 | 11,138 | 10,278
Net income | 42,502 | 46,279 | 35,339
Attributable to: |  |  |
Equity holders of the Company | 37,031 | 40,470 | 29,767
Non-controlling interests | 5,471 | 5,809 | 5,572
Net income | $ 42,502 | $ 46,279 | $ 35,339
Net earnings per share attributable to equity holders of the Company |  |  |
Basic earnings per share (in Dollars per share) | $ 0.75 | $ 0.82 | $ 0.61
Software services [Member] |  |  |
Revenues: |  |  |
Total cost of revenues | $ 11,730 | $ 10,701 | $ 12,182
Maintenance and technical support [Member] |  |  |
Revenues: |  |  |
Total cost of revenues | 3,238 | 3,494 | 4,144
Consulting services [Member] |  |  |
Revenues: |  |  |
Total cost of revenues | $ 367,097 | $ 397,242 | $ 331,005

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- Definition The amount of change in valuation of contingent consideration related to acquisitions. + References No definition available. + Details
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- Definition Increase in valuation of consideration related to acquisitions. + References No definition available. + Details
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- References No definition available. + Details
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