Overview
Matrix IT won't be able to teach you kung fu in seconds, but they've got a few other skills that might help a business succeed. The company provides information technology (IT) services and software targeted at telecommunications, banking, and government and public sector entities. It offers application development, systems integration, software implementation, and consulting services. Matrix IT, a subsidiary of Israeli IT specialist Formula Systems,
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Read More was formed from the combination of Forsoft Ltd. and four other Formula Systems subsidiaries in 2001. The founding of the company was led by CEO Moti Gutman and CFO Moshe Attias.
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Read More was formed from the combination of Forsoft Ltd. and four other Formula Systems subsidiaries in 2001. The founding of the company was led by CEO Moti Gutman and CFO Moshe Attias.
Read Less
Guy Bernstein
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Computer Systems Design and Related Services
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Professional and Commercial Equipment and Supplies Merchant Wholesalers
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Professional, Scientific, and Technical Services
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Systems software development services
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Computers, nec
See All Industries Holding companies, nec
See Fewer Industries
See All Industries Holding companies, nec
See Fewer Industries
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Legal Services
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Management, Scientific, and Technical Consulting Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Actual
$1.52 billion
Actual
6.64%
19.83%
$4,479
DEC
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Tel Aviv:MTRX
Contacts
Get in Touch with 10 Principals*
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Guy BernsteinChairman
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.52 billion
USD
Actual
1 USD = 3.6591 ILS
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $169 | $136 | $106 |
| Net Investing Cash | -$16 | -$21 | $10 |
| Net Financing Cash | -$145 | -$172 | -$38 |
| Net Change in Cash | $8 | -$57 | $78 |
| Cash at Beginning of Period | $175 | $229 | $146 |
| Cash at End of Period | $183 | $175 | $229 |
| Capital Expenditure | -$11 | -$11 | -$11 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $183 | $175 | $229 |
| Accounts Receivable | $526 | $458 | $405 |
| Inventories | $28 | $40 | $32 |
| Other Current Assets | $48 | $42 | $38 |
| Asset Summary | |||
| Total Current Assets | $785 | $716 | $705 |
| Tangible Fixed Assets | $129 | $85 | $76 |
| Intangible Assets | $25 | $27 | $27 |
| Total Assets | $4,480 | $4,035 | $4,003 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $253 | $214 | $170 |
| Short-Term Debt | $128 | $133 | $142 |
| Other Current Liabilities | $343 | $265 | $269 |
| Liability Summary | |||
| Total Current Liabilities | $725 | $612 | $581 |
| Long-Term Debt | $86 | $128 | $191 |
| Other Long-Term Liabilities | $2 | $1 | $5 |
| Total Liabilities | $912 | $800 | $830 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $19 | $19 | $19 |
| Retained Earnings | $194 | $182 | $154 |
| Equity Summary | |||
| Total Equity | $298 | $287 | $250 |
| Shares Outstanding | 64,175,930 | 64,175,930 | 63,548,141 |