Exhibit 99.1 PRESS RELEASE Magic Software Reports Fourth Quarter and Full Year 2024 Financial Results ● Revenues for the fourth quarter of 2024 increased by 13.6% to $142.6 million, compared to$125.5 million in the same period of the previous year. ● Operating income for the fourth quarter of 2024 increased by 28.6% to $16.7 million, compared to$13.0 million in the same period of the previous year. ● Non-GAAP operating income for the fourth quarter of 2024 increased by 6.1% to $18.8 million, compared to$ ...