Majesco (MJCO) Reports Q3 EPS of $0.05, Revenues Beat

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Majesco Reports Strong Cloud Revenue Growth for Third Quarter Fiscal 2019 Financial Results

January 30, 2019 4:15 PM EST

Cloud Revenue up 51% from third quarter FY18 and now represents 42% of total revenue

Total Revenue up 11% from third quarter FY18

Adjusted EBITDA margin of 14% up significantly from third quarter FY18

Twelve-Month Backlog up 16% from second quarter FY19

MORRISTOWN, N.J.--(BUSINESS WIRE)-- Majesco (NYSE American: MJCO), a global provider of cloud insurance platform software, today announced strong financial results for the fiscal 2019 third quarter that ended December 31, 2018.

Our third quarter financial results reflect the growing... More