Formula Systems (1985) Ltd. Reports Drop In Q2 Income

India, Aug. 19 -- Formula Systems (1985) Ltd. (FORTY) reported earnings for second quarter that Drops, from the same period last year

The company's earnings came in at $15.05 million, or $0.95 per share. This compares with $18.83 million, or $1.20 per share, last year.

The company's revenue for the period rose 11.3% to $743.36 million from $667.68 million last year.

Formula Systems (1985) Ltd. earnings at a glance (GAAP) :

-Earnings: $15.05 Mln. vs. $18.83 Mln. last year.-EPS: $0.95 vs. $1.20 last year.-Revenue: $743.36 Mln vs. $667.68 Mln last year.

-Guidance:Full year revenue guidance: $600Mln - $610Mln

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Published by HT Digital Content Services with permission from RTT News....