Revenue Disappoints; Order Book Traction Back on Track Majesco Limited has delivered another soft performance in 1QFY18 with its revenue declining by 0.8% QoQ to US$27.9mn (-4.1% QoQ to Rs1.83bn in INR terms). Its profitability felt a jolt, with the company recording Rs52mn EBITDA loss (EBITDA margin of -2.9%) owing to revenue decline and investments made for growth. However, the order book saw healthy growth of >20% QoQ to US$77.2mn, while TTM order book grew by a robust 45.8% QoQ to US$188.4mn, signalling improving revenue traction led by IBM partnership and strong deal wins in Cloud space. Thus, we expect Majesco to witness a healthy revenue trajectory from 2QFY18E onwards....