Majesco Reports Larger Quarterly Loss

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MajescoMajesco reported the financial results for its fiscal third quarter ended July 31, 2009:
For the quarter, Majesco reported a net loss of $5.2 million compared to net income of $520,000 in the same quarter the previous year. Majesco blames the loss largely on marketing expenses, particularly those related to the Go Play line of games.

Reflecting the company's recent focus on casual games, 53.4% of the quarter's revenues came from Wii games, while 42.6% of revenues came from the sale of DS games.

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This page contains a single entry by Editor published on September 14, 2009 1:20 PM.

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