Majesco Reports First Quarter Profit and Promotes Interim CFO

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MajescoMajesco announced its financial results for its first fiscal quarter ended January 31, 2011, and also promoted its interim Chief Financial Officer to the full-time job. Read on for more details...
For the fiscal first quarter ended January 31, 2011, Majesco reported net income of $6.762 million compared to net income in the same quarter the previous year of $3.807 million. Majesco attributed its success to strong holiday sales, particularly of its games Zumba Fitness and Babysitting Mama. Majesco also reported success in its social game ventures, including Cooking Mama Friends Cafe on Facebook.


Majesco also has appointed Michael Vesey as the company's Chief Financial Officer. Vessey has been working in Majesco's finance department since 2006, and has been the company's interim CFO since August of last year. Vesey will now take on the role, officially.

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