Formula Systems: Q4 Earnings Snapshot

OR YEHUDA, Israel (AP) — OR YEHUDA, Israel (AP) — Formula Systems (1985) Ltd. (FORTY) on Tuesday reported earnings of $15.7 million in its fourth quarter.

The Or Yehuda, Israel-based company said it had net income of $1.01 per share.

The information technology company posted revenue of $640.3 million in the period.

For the year, the company reported profit of $64 million, or $4.12 per share. Revenue was reported as $2.62 billion.

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