News: Majesco reports Q1 profits of $3.8 million
Cooking Mama publisher Majesco has reported first quarter profits of $3.8 million (£2.4m / 2.7m), down from the $4.2 million recorded for the same period last year.
For the three months ended January 31, net revenues were $29.2 million (£19.1m / 21.2m) compared to $32.8 million (£21.4m / 23.8m) in 2009, with operating income of $2.5 million (£1.6m / 1.8m), down from $3.7 million (£2.4m / 2.6m).
“Majesco had a very solid first quarter driven by strong holiday sales of our Cooking Mama franchise, which once again delivered impressive results, and Alvin & The Chipmunks: The Squeakquel. Our results were in-line with our internal expectations and we remain on track to deliver improved profitability for 2010,” said CEO Jesse Sutton.
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