Majesco: Fiscal 3Q Earnings Snapshot
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.