Articles by August, 2022

 Israeli cyber giant Check Point presented an increase in revenues of 9% to 571 million dollars
273 Views Details

by Ifi Reporter

Category: Financial

The Israeli cyber giant Check Point presented its second-quarter report and managed to overtake the analysts' forecasts in the key indicators: the company's revenues jumped by 9% to 571 million dollars, and the diluted earnings per share (the key figure in this article which is Non -GAAP) was $1.64, compared to average expectations for revenues of $560 million and earnings per share of $1.62

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Aug 1, 2022

Government price committee recommends: to raise the tuition by NIS 500  per month
303 Views Details

by Ifi Reporter

Category: Financial

The government price committee recommended on Wednesday evening to raise the price of supervised nurseries by a high amount of NIS 500 per month. Ynet has learned that the ministers of finance and economy will not approve the recommendation: "This is a disproportionate harm to the public of parents." Failure to raise the price may result in at least some nurseries not opening

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Aug 3, 2022

Teva's stock  passes a value of 10$ due to  it's settlement worth $ 4.25 billion with authorities
393 Views Details

by Ifi Reporter

Category: Health

The share of the pharmaceutical giant Teva jumped on the New York Stock Exchange in the past weeks by more than 40 percent. This follows the compromise agreement in principle in the opioid crisis in the United States, according to which it will pay compensation in the amount of more than four billion three hundred million dollars. The compromise settlement will bring to an end the legal discussions in the case of the painkillers and Teva emphasizes that there will be no admission of wrongdoing. Trading ended last night at the New York Stock Exchange with significant price increases. This...

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Aug 4, 2022

Israeli Talon Cyber ​​Security developer has completed a $100 million Series A funding round
355 Views Details

by Ifi Reporter

Category: Hitech

Talon Cyber ​​Security, developer of the first secure browser for enterprises, has completed a $100 million Series A funding round. The round was led by Evolution Equity Partners, with participation from Ballistic Ventures, CrowdStrike's Falcon Fund, Merlin Ventures, SYN, and existing investors George Kurtz, founder and CEO of CrowdStrike, Lightspeed Venture Partners, Sorenson Ventures and Team8 Capital. The round brings the total amount that Talon has raised since its inception to $126 million.The fundraising funds will be used to continue developing and improving the product and speeding...

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Aug 4, 2022

P.M Lapid War with Gaza: Alarms for the first time in Jerusalem - 600 rockets were fired at Israel
309 Views Details

by Ifi Reporter

Category: Government

Today, the shooting of the Islamic Jihad continues, most of the settlements near the Gaza Strip. For the first time since the operation began, rockets were fired at Jerusalem. The Iron Dome system intercepted two rockets. The Israel Defense Forces continued to attack targets in the Gaza Strip. A woman was injured in Jabaliya by a rocket that fell within the boundaries of the Gaza Strip and several other people were injured. Prime Minister Lapid met with opposition leader Netanyahu before noon for an update meeting. This is the first time that Netanyahu and Lapid met for an update meeting...

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Aug 7, 2022

The budget surplus in July reached NIS 10 billion due to an increase of 20% in the state's revenues
442 Views Details

by Ifi Reporter

Category: Government

The accumulated surplus in the last 12 months in the state budget reached 10 billion shekels in July, and the rate of surplus in the state budget in relation to the GDP reached 0.6% of the domestic GDP - this was announced by the Economic Accountant Division of the Ministry of Finance. The surplus in the budget, for the second month in a row, is due to an increase of more than 20% in the state's revenues from the beginning of the year, compared to the corresponding period in 2021, to NIS 280 billion. The chief economist at the Ministry of Finance recently re-evaluated the state's revenue...

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Aug 8, 2022

After 55 fighting hours and 1,000 rockets: Ceasefire between Israel and the Jihad came into effect
325 Views Details

by Ifi Reporter

Category: Government

After fighting that lasted two and a half days, the ceasefire between Israel and the Islamic Jihad came into effect on Sunday night at 11:30 p.m. However, on the Palestinian side the agreement was violated: at 11:51 p.m. a red alarm was sounded in Eshkol, a rocket launched from the Strip was intercepted. There are no casualties. At 11:38 p.m. a red alarm was sounded in the city of Sderot and in several localities in the Shaar HaNegev Regional Council. Several rockets launched from the Strip were intercepted by the Iron Dome system and others fell in open areas without causing casualties....

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Aug 8, 2022

Bezeq net profit increased by 3% in 2nd Q and amounted to NIS 310 million - revenues to 2.23 billion
1215 Views Details

by Ifi Reporter

Category: Financial

Bezeq Group closes the second quarter of 2022 with an adjusted net profit of NIS 310 million, a moderate increase of 3% compared to the corresponding quarter in 2021. Revenues were NIS 2.23 billion, a slight increase of 1.1%. Operating profit decreased by 1.3% to NIS 463 million and EBITDA also decreased by 1.4% to NIS 921 million. The company's free flow increased significantly to NIS 359 million, compared to NIS 85 million in the corresponding quarter. Bezeq reduced the debt in the company by about one billion shekels and now it stands at 5.63 billion

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Aug 10, 2022

Cellcom recorded revenues of NIS 1.069 billion in the second Q and a net profit of 39 million
374 Views Details

by Ifi Reporter

Category: Financial

The cellular company Cellcom, which operates a cell phone network, Internet and telephone services, and controls Golan Telecom, published its financial reports for the second quarter according to which the company recorded revenues of NIS 1.069 billion compared to NIS 1.003 billion in the corresponding quarter last year - an increase of 6.5%. The company's net profit in the second quarter amounts to about NIS 39 million compared to a loss of NIS 14 million in the second quarter last year. The company's operating profit in the current quarter amounted to approximately NIS 95 million...

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Aug 10, 2022

Wix fired 230 employees in Q2  and saved $150 million - 100 more in the 3rd quarter
982 Views Details

by Ifi Reporter

Category: Hitech

A day after it was revealed that it would lay off about 100 of its employees (about 2% of the workforce), Wix Company reports slightly higher revenues than expected in its reports for the second quarter of the year. The company, which developed a system for building websites, shows revenues of $345.2 million - a growth of About 9% compared to the corresponding quarter last year. Market analysts expected revenues of $344.39 million and the company itself predicted revenues of $342-346 million. Excluding exchange rate differences, revenues in the last quarter grew by 11% to the level of 349...

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Aug 10, 2022

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