Magic Software Enterprises, Ltd. (MGIC) is a platform-as-a-service (PAAS) provider and an IT services and consulting company. The company's revenue has doubled from 2008 and EPS has quadrupled during the same timeframe. This impressive sales and EPS growth has been fueled by the strong mobile and cloud services trend as well as an equally massive market trend towards social media and big data.
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source: company materials
Particularly the segments of rich Internet applications, mobile and software-as-a-service (SAAS) are important sub-trends that benefit the most from Magic's core software products. According to Gartner, the PaaS market will experience consistent growth, with worldwide PaaS revenue totaling $1.5B in 2013, and growing to...