Formula Systems Reports Fourth Quarter and Fiscal Year 2006 Results.

PR Newswire | March 19, 2007 | Copyright

Annual Net Income of $10 million

HERZLIYA, Israel, March 19 /PRNewswire-FirstCall/ -- Formula Systems (1985) Ltd. a leading provider of information technology products, solutions and services, announced today results for the fourth quarter and year ended December 31, 2006.

Revenues for the fourth quarter totaled $152.5 million an increase of 22% compared to $124.8 million in the fourth quarter of 2005.

Revenues for the year ended December 31, 2006 totaled $560.2 million compared to $506.4 million in 2005.

Operating income in the fourth ...

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