Majesco Reports Positive Third Quarter Financials

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MajescoMajesco announced its financial results for its fiscal third quarter ended July 31, 2011. Read on for more details...
For its fiscal third quarter ended July 31, 2011, Majesco announced net income of $1.889 million, compared to a net loss of $1.643 million in the same quarter the previous year. Despite a catalog with a variety of casual titles, Majesco is in danger of becoming a one-trick pony. Much of Majesco's profitability is driven by sales of Zumba Fitness, a title that has sold more than three million copies so far. Investors can hope that the release of some additional will help diversify Majesco's cashflows.

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This page contains a single entry by Editor published on September 13, 2011 11:10 PM.

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