Morristown, NJ — September 5, 2018 — Majesco (NYSE AMERICAN: MJCO), a global provider of core insurance platform software and consulting services for insurance business transformation, today announced management will be participating at two upcoming investor conferences.
On September 5, 2018, management will be attending the 7th Annual Liolios Gateway Conference, which is being held September 5-6, 2018, at the Four Seasons Hotel in San Francisco, CA. Majesco management is scheduled to present on Wednesday, September 5th at 1:30 p.m. Pacific Time, with one-on-one meetings to be held throughout the conference.
The presentation will be webcast live and available for replay here and on the Gateway Conference website at www.gateway-conference.com/presenters. To receive additional information, request an invitation or to schedule a one-on-one meeting, please email firstname.lastname@example.org.
On September 6, 2018, management will be attending the Dougherty & Company 3rd Annual Institutional Investor Conference in Minneapolis, MN. The company will be hosting one-on-one and group meetings with investors who are registered to attend the conference.
“This is an exciting time at Majesco as we execute our growth-oriented business plan and benefit from our strengthening market position. Our focus on speed to value is resonating with current and potential customers and is supported by our growing cloud-based solutions. Our transition to the cloud has had a powerful impact on our financial results. For the fiscal 2019 first quarter, revenues increased 20% over the prior year period as a result of a 66% increase in cloud revenues. This growth contributed to a significant year-over-year improvement in our adjusted EBITDA margin, which increased 1,177 basis points to 10.3% during the fiscal 2019 first quarter. We look forward to discussing our investment merits with investors at these two conferences,” stated Ketan Mehta, Majesco’s CEO and Co-Founder.
Insurance business transformation is a journey of change and revitalization, a renaissance of Insurance. Approximately 160 insurance companies worldwide in P&C, L&A and Group/ Employee Benefits are transforming their businesses with Majesco’s solutions. Our market leading software, consulting and services uniquely underpin the entire insurance value chain and are designed to empower insurers with the agility, innovation and speed needed to meet their transformation opportunities. Majesco’s solutions include policy management, new business / underwriting, rating, billing, claims management, distribution management, BI/ analytics, predictive modeling, digital platform with mobile and portal, testing services, cloud services, bureau and content services, transformation services, consulting services and more. For more details on Majesco, please visit www.majesco.com.
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K.
Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: integration risks; changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco’s ability to raise capital to fund future growth.
These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.
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