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Majesco: Fiscal 1Q Earnings Snapshot

July 26, 2018

MORRISTOWN, N.J. (AP) _ Majesco (MJCO) on Thursday reported fiscal first-quarter net income of $1 million, after reporting a loss in the same period a year earlier.

The Morristown, New Jersey-based company said it had profit of 3 cents per share.

The insurance software developer posted revenue of $33.5 million in the period.

Majesco shares have risen 38 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.41, a climb of 53 percent in the last 12 months.

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