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Majesco Could See Serious Multiple Expansion

October 8th, 2018 · No Comments

  • The company is shifting to the cloud and its cloud business is growing very fast.
  • It is building some innovative platforms and has some powerful partners in IBM and MetLife.
  • The company is already cash flow positive, margins are expanding, and even a small profit emerged in Q1.
  • All that for 2x sales, a multiple we think could seriously increase if the company keeps up its recent performance.

Source: Majesco Could See Serious Multiple Expansion – Majesco (NYSEMKT:MJCO) | Seeking Alpha

Tags: MJCO