BBiznextIndia:Majesco (NYSE American: MJCO), the leading Cloud insurance software solutions provider for insurance business transformation, today announced that its board of directors has approved the switching of the listing of its common stock from the New York Stock Exchange – American to The NASDAQ Stock Market LLC®.
The company is expected to commence trading on the Nasdaq Global Stock Market under the symbol NASDAQ: MJCO from February 26, 2019.
“As a software company that moves fast and thrives on change, we’re excited about the transfer to NASDAQ, home to many of the world’s leading cloud providers,” said Majesco CEO Adam Elster.
“Majesco’s mission is to build the future of insurance by providing cutting-edge technology, expertise and leadership to help insurers deliver value and innovation as quickly as their business and customers demand. Listing our common stock on NASDAQ is another important step in our plan to grow our cloud business and create sustained value for our customers and shareholders.”
Majesco recently reported third quarter financial results, reflecting the growing success of its cloud strategy with a 51% increase in cloud revenues year-over-year for the quarter, now representing 42% of the company’s total revenue.