Majesco sales drop in second quarter, re-confirms DS focus
Publisher Majesco has returned from the kitchen with a piping hot plate of second quarter results. However, unlike the previous quarter's delectably sweet increases in both sales and profits, the company's second course of financials proved to be much less appetizing. For the period, Majesco announced second quarter sales of $12.8 million, down from last year's $14.6 million as well as the previous quarter's $18.7 million. Much of this decline, admits Majesco, can be blamed on the lack of key releases from company during the period, particularly from cash cows Cooking Mama and Bust-a-Move, both of which were key ingredients in Majesco's success during 2007's second quarter.
However, even with a lighter wallet, the company noted that it expects to report between $53 and $58 million in revenue for fiscal 2008. The company also took the opportunity to blow kisses at Nintendo, confirming that of its upcoming lineup this year some 59 percent will be released for the DS with the remainder "almost entirely" coming to the Wii. Jeeze, guys, get a room.
However, even with a lighter wallet, the company noted that it expects to report between $53 and $58 million in revenue for fiscal 2008. The company also took the opportunity to blow kisses at Nintendo, confirming that of its upcoming lineup this year some 59 percent will be released for the DS with the remainder "almost entirely" coming to the Wii. Jeeze, guys, get a room.






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Reader Comments (Page 1 of 1)
Malik @ Jun 16th 2008 9:20PM
First ^_^.
Donald @ Jun 16th 2008 9:24PM
No, you have been demoted to last for saying that. Congratulations and have a lovely day.
DangerMouse @ Jun 16th 2008 9:32PM
Whoa, first in a thread where most won't likely give a shit about? Well Done!!!!
ComradeTrotskii @ Jun 16th 2008 9:39PM
THIRD! W00T!
ComradeTrotskii @ Jun 16th 2008 9:39PM
THIRD REPLY SORRY! EVEN BETTER!
Donald @ Jun 16th 2008 9:22PM
Majesco and Nintendo sitting in a tree...
WiiFTW @ Jun 16th 2008 10:02PM
C-O-U-N-T-I-N-G M-O-N-E-Y
It's quite a moutful, ain't it?