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Majesco: Fiscal 3Q Earnings Snapshot

January 30, 2019

MORRISTOWN, N.J. (AP) _ Majesco (MJCO) on Wednesday reported fiscal third-quarter net income of $1.8 million, after reporting a loss in the same period a year earlier.

The Morristown, New Jersey-based company said it had net income of 5 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 6 cents per share.

The insurance software developer posted revenue of $35.4 million in the period.

Majesco shares have risen nearly 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.64, a rise of 35 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MJCO at https://www.zacks.com/ap/MJCO

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