Majesco: Fiscal 4Q Earnings Snapshot

By The Associated Press

MORRISTOWN, N.J. (AP) _ Majesco (MJCO) on Thursday reported fiscal fourth-quarter earnings of $3.6 million.

On a per-share basis, the Morristown, New Jersey-based company said it had profit of 8 cents. Earnings, adjusted for non-recurring gains, were 5 cents per share.

The insurance software developer posted revenue of $37.9 million in the period.

For the year, the company reported profit of $9.7 million, or 21 cents per share. Revenue was reported as $146.4 million.

Majesco shares have decreased 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7, a fall of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MJCO at https://www.zacks.com/ap/MJCO

The Associated Press

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