Financial

Category: Financial
Delek Group, controlled by businessman Yitzhak Tshuva, has reached a significant agreement to acquire control of Isracard, Israel's leading credit card company, for a reported NIS 3.56 billion. The deal follows a previous agreement between Isracard and Menorah Mivtachim, valued at NIS 3.15 billion, which was ultimately canceled after Menorah chose not to improve its offer
Jan 5, 2025

Category: Financial
Cybersecurity company Check Point has closed out 2024 with strong results, surpassing analyst expectations for both revenue and earnings. Under the leadership of CEO Nadav Tzafrir, Check Point reported fourth-quarter revenue of $704 million, a 6.5% increase year-over-year, and non-GAAP net income of $2.70 per share—outperforming the consensus estimates of $699 million in revenue and $2.65 per share in earnings
Jan 30, 2025

Category: Financial
In a significant move for the Israeli medical technology sector, Boston Scientific has acquired the remaining 90% of shares in the Rehovot-based startup SoniVie for $360 million. The deal may increase by an additional $180 million depending on the achievement of certain milestones, a common arrangement in acquisitions within the field. This acquisition comes after Boston Scientific already owned a 10% stake in SoniVie
Mar 4, 2025

Category: Financial
A new survey conducted by the Employment Service has revealed alarming levels of financial strain and job insecurity faced by reserve servicemen and women who participated in the Iron Swords War. The survey, which gathered responses from 841 individuals out of tens of thousands who sought assistance from the Employment Service in recent months, sheds light on the significant challenges these individuals face as they return to civilian life
Mar 30, 2025


Check Point: Strong Q1 Earnings Under New CEO Nadav Tzafrir - Revenue and Profit Exceed Expectations
Category: Financial
Israeli cybersecurity company Check Point Software Technologies kicked off its first full quarter under new CEO Nadav Tzafrir with solid financial results, modestly exceeding analysts’ expectations. The company reported a 7% year-over-year increase in revenue, reaching $638 million—right in the middle of its forecasted range and slightly above market predictions of $636.2 million. Net income climbed 9% to $246 million, or $2.21 per share, surpassing analysts’ expectations of $2.19 per share
Apr 23, 2025


Category: Financial
Bank Hapoalim reported strong financial results for the first quarter of 2025, posting a net profit of NIS 2.4 billion, a 25% increase compared to the same period in 2024. The profit reflects a return on equity (ROE) of 16.4%, up from 14.6% a year earlier
May 19, 2025

Category: Financial
Retail giant Shufersal reported a notable decline in sales for the first quarter of 2025, despite seasonal tailwinds from the Passover holiday and widespread price hikes in the retail sector. However, the company managed to post a sharp rise in profitability, reflecting deep cost-cutting and operational efficiency improvements
May 28, 2025

Category: Financial
Fashion group Castro released its first-quarter financial results for 2025, revealing a sharp decline in net profit to just NIS 138,000, down from NIS 3.9 million in the same quarter last year — despite a notable 8.3% increase in revenue, which reached NIS 471 million
May 29, 2025