Majesco Reports Smaller Quarterly Loss

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MajescoMajesco announced the financial results of its third fiscal quarter ended July 31, 2010:
For the quarter, Majesco reported a net loss of $1.643 million compared to a net loss of $5.200 in the same quarter the previous year. Majesco's Chief Executive Officer Jesse Sutton noted that "...third quarter results were in line with our internal expectations." Sutton attributed the decline in revenues to a smaller release slate for the quarter. As in recent years, the company's sales were almost entirely for the Wii and DS, in keeping with Majesco's casual strategy.

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This page contains a single entry by Editor published on September 14, 2010 10:40 PM.

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