Majesco Reports Smaller Financial Losses

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Majesco reported its financial results for the fourth quarter and full fiscal year ended October 31, 2007.
For the quarter, Majesco reported a net loss of $4.77 million, compared with a net loss in the same quarter the previous year of $5.367 million. For the year, Majesco reported a net loss of $0.96 million compared to a net loss in the previous fiscal year of $2.89 million. While Majesco's revenues are lower, the company is operating more efficiently, improving its margins.

56% of Majesco's revenues for the financial year came from the release of DS games, with 20% coming from Wii games, demonstrating that Majesco has followed through with its promise to develop more casual games with shorter product development cycles.

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This page contains a single entry by Editor published on January 14, 2008 2:58 PM.

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