Majesco (NYSEAMERICAN:MJCO) Issues Quarterly Earnings Results, Meets Expectations

Majesco (NYSEAMERICAN:MJCO) announced its quarterly earnings data on Wednesday, May 9th. The software maker reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01, Bloomberg Earnings reports. The firm had revenue of $32.95 million for the quarter. Majesco had a negative net margin of 9.66% and a negative return on equity of 27.69%.

Shares of NYSEAMERICAN:MJCO opened at $5.39 on Friday. Majesco has a fifty-two week low of $4.35 and a fifty-two week high of $6.43.

Several analysts have commented on the stock. TheStreet downgraded shares of Majesco from a “c” rating to a “d+” rating in a research report on Friday, April 27th. Maxim Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of Majesco in a report on Wednesday, January 31st.

Majesco Company Profile

Majesco provides insurance software, consulting services, and other insurance technology solutions for business transformation for the insurance industry worldwide. It offers insurance software solutions for property and casualty (P&C), life and annuity (L&A), and pensions and group employee benefits providers for policy management, claims management, and billing functions.

Earnings History for Majesco (NYSEAMERICAN:MJCO)

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