Majesco: Fiscal 2Q Earnings Snapshot
MORRISTOWN, N.J. (AP) _ Majesco (MJCO) on Monday reported fiscal second-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.
The Morristown, New Jersey-based company said it had net income of 7 cents per share.
The insurance software developer posted revenue of $34 million in the period.
Majesco shares have climbed 35 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.25, an increase of 24 percent in the last 12 months.