Majesco: Stock in focus

The company post market hours on June 29, has informed the stock exchanges in a press release which was issued by Majesco, USA, the Insurance arm and a subsidiary of Majesco Limited., that the iSign has joined Majesco's partner ecosystem. Through this strategic partnership, Majesco will use iSign's electronic signature solution to deliver Majesco's solutions to its insurance customers enhancing their digital footprint.

The stock on June 30 is expected to open in green. Infact, the stocks have gained as much as 2.52 per cent on a pre-open indicative. The stocks' 52 week High/Low stands at Rs 789/288.60.

Revenue for the fiscal year ended March 31, 2016 has increased by 42.9 per cent to 113.3 million dollars as compared to 79.3 million dollars for the fiscal year ended March 31, 2015.Gross profit was 50.5 million dollars for the fiscal year ended March 31, 2016, compared to 30.5 million dollars for the fiscal year ended March 31, 2015. The improvement in gross margin was primarily due to good revenue momentum in Majesco’s businesses.

iSign formerly known as Communication Intelligence Corporation or CIC) is a provider of digital transaction management (DTM) software enabling fully digital (paperless) business processes. iSign solutions encompass a wide array of functionality and services, including electronic signatures, simple to-complex workflow management and various options for biometric authentication.