Formula Systems revenues up 6% in Q4

Formula Systems (1985) Ltd. (NASDAQ: FORTY) said that revenues for the fourth quarter of 2013 increased by six percent to USD209.5m compared to USD198.3m in the same period last year.

Operating income for the fourth quarter of 2013, increased by 20 percent to USD18.2m, compared to USD15.1m in the same period last year; Non-GAAP operating income for the fourth quarter of 2013, increased by six percent to USD20.8m, compared to USD19.6m in the same period last year.

Formula Systems (1985) Ltd. is a global information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products, and providing computer-based business solutions. For more information, visit www.formulasystems.com.

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