Majesco reported an excellent 3QFY16, with CC revenue up 5.3% QoQ in USD terms (US$ 30.7mn vs. our estimate of US$ 30mn) owing to new client wins and traction in Majesco P&C; suite (new product launches, SI partnerships). It had excellent growth in the 12-month order backlog, up 17.4% QoQ to Rs 4.2bn, led by four new client wins and cross-sell.