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July 14, 1997updated 05 Sep 2016 1:07pm

MAGIC CONJURES UP LOSSES AFTER RELOCATION AND LAY-OFFS

By CBR Staff Writer

Israeli software company Magic Software Enterprises Ltd expects losses of around $4.3m for the quarter ended June 30 on revenue of $9m after $2.6m of non-recurring expenses to cut staff and relocate.

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