173.3900 -3.30 (-1.87%)
NSE Sep 09, 2025 15:31 PM
Volume: 42,702
 

173.39
-1.87%
ICICI Securities Limited
Majesco reported muted growth (0.1% QoQ) on the organic front while full quarter consolidation of Exaxe acquisition amounting to | 12 crore led it to report revenue growth of 5% QoQ to | 254.7 crore. Cloud revenues (41.7% of total revenues) rose 13.1% QoQ driven by 16.7% QoQ increase in cloud implementation revenues supported by 5.5% QoQ growth in cloud subscription revenues. Dollar revenues reported an increase of 4.1% QoQ to $35.4 million EBITDA margins expanded 10 bps QoQ to 11% led by higher cloud...
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