Formula Systems (1985) Ltd. (Nasdaq:FORTY) announced its results for the second quarter of 2011. Financial Highlights for the Second Quarter and Six-Month Periods Ended June 30, 2011: Second quarter Revenues totaled $165.9 million (Q2 2010: $131.7 million), a 26% increase compared to the same quarter of 2010. Operating income for the second quarter increased by 18% to $13.3 million (Q2 2010: $11.3 million). Net Income attributable to Formula for the second quarter reached $5 million, an increase of 32% compared to $3.8 million for the second quarter of 2010.

Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology (IT) solutions and services company worldwide.
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