Majesco's dollar revenues grew 4.2% QoQ (2.2% organic) while EBITDA margins declined 350 bps QoQ to 7.5% due to marketing expenses, provisions and some expenses incurred in closure of a legal case. Rupee revenues increased 2.7% QoQ in Q4FY19 mainly led by 3.9% QoQ growth in property & casualty (P&C;) and 8.8% sequential growth in cloud revenues. For FY19, dollar revenues increased 13.6% YoY while EBITDA margins expanded from 2.8% in FY18 to 9.6% in FY19 mainly led by IBM deal. Going forward, increase in proportion in cloud revenues (44.2% of total revenues),...