Majesco (MJCO) Tops Q2 EPS by 7c, Revenues Beat

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Majesco Announces Strong Cloud Revenue Growth Benefits Fiscal 2019 Second Quarter Financial Results

October 29, 2018 4:15 PM EDT

Cloud Revenue up 41% from second quarter FY18 representing 39% of total revenue

Total Revenue up 12% from second quarter FY18

Adjusted EBITDA margin of 13% up significantly from second quarter FY18

MORRISTOWN, N.J.--(BUSINESS WIRE)-- Majesco (NYSE American: MJCO), a global provider of core insurance platform software and consulting services for insurance business transformation, today announced strong financial results for the fiscal 2019 second quarter ended September 30, 2018.

Our second quarter financial results reflect the growing success of our cloud-based strategy and the... More