Do you think I use too much gel? GameGossip Baby! Are you looking at my ass? :: News :: :: Articles :: :: Games :: :: Interviews ::
Set Homepage Set Homepage  Set Bookmark Set Bookmark  Submit News Submit News

Register today and join 28,000+ members or login above.
 
 
 
:: Advertise With Us ::
:: Latest News Headlines :: :: Latest Hot Stories :: :: Current Poll ::
   Tom Clancy�s Rainbow Six Critical Hour Announced
 Splinter Cell Essentials Announced
 DreamCatcher Picks Up Fuel
 Heroes Of Might And Magic V Picked For Macs
 Battlefield 2 - Two New Packs Announced
 Dragon Quest 8 - European Release Date Announced
 GTR 2 Announced
 TalkMan Heading to Europe
 Black - Official Website Launched
 GfK NZ Chart (1/8)
 GfK AU Chart (1/8)
 Trailer Round-Up
 Preview Round-Up
 Interview Round-Up
 Screenshot Round-Up
 
System Shock 3 In Development?(22)
Sony Not Worried About 360(17)
TimeShift - New Trailer Released(16)
External HD DVD Drive Announced For 360(38)
Se-Xbox 360: A Strange Listing(20)
Xbox 360 - North America Figures(16)
Tom Clancy�s Splinter Cell 4 - Name Reve...(22)
Xbox 360 - Japanese Launch Figures(13)
Working Designs Shuts Down(13)
Xbox 360 Makes European Debut(21)
PS2 Hits 100 Million Units(14)
PS3 Parental Controls ... For Movies(12)
Family Media Guide Releases Top 10 Viole...(24)
Quake 4 - Demo Released(14)
Japanese Software Chart (11/13)(19)
 
Best Controllers Were On The ...
Super Nintendo
PlayStation/PlayStation 2
Sega Saturn
Xbox (Duke)
Xbox/Xbox 360 (wireless/S Controller)
PC ... why include consoles?
Atari Jaguar
Turbo Graphix 16
 
Network:
Current
Search
Customize
Newsletter
Archive
Press Releases
Submit

Articles
Demos
Game Servers
Interviews
Poll Archive
Screenshots
Stock Market
Gaming Charts

Brothers in Ar-
Red Dead Revol-
Hitman: Contra-
Joint Operatio-
Tom Clancy's S-
ALL FILES

Mainpage
General Gossip
Industry Discussion
Serious Discussion
Rants & Raves
TV & Movies
Music Discussion
Art, Design & Lit.
Troubleshooting
Sports Discussion
Stupid Forum
PC Gaming
Console Gaming
AvP Series
GTA Series
Syndication
About Us
Advertise
Link Us

 
Majesco Posts Q3 Results
Andrew 'Talon' Wilson :: 12:30 AM @ September 13th, 2005 :: General Gaming
:: Print This Article :::: Send This Article To A Friend ::
( READ ATTACHED PRESS RELEASE ) Majesco has released its financial results report for the third quarter and nine-months ended July 31st, 2005. Attributed to weak sales of titles, during the quarter Majesco reported net revenues of $4.6 million, compared to $34.0 million this time last year. The quarter saw an operating loss of $38.6 million, compared to an operating income of $3.1 million, with a net loss of $37.5 million, or $1.69 per share; as supposed to a net income of $20.5 million, or $1.06 per share this time last year. Meanwhile, the nine-month perios saw net revenues of $55.1 million, down from $75.6 million; with net operating loss of $35.8 million and net loss of $37.8 million or $1.87 per share.
Jesse Sutton, Majesco's President, said, "The lower than expected sales of some of our key products combined with the effects of the upcoming console transition and overall industry softness have made this a very challenging year."

Sutton continued, "As a result of our disappointing results, we are re- evaluating our business model. In the meantime, we will maintain our focus on digital entertainment with an emphasis on video games. Our value product line will remain a core part of our business and we will selectively publish frontline titles. Additionally, our strategy includes pursuing low-risk opportunities in the mobile and online markets with our existing intellectual properties as well as new products."

Looking ahead, Majesco's game line up includes the following titles.
  • Teen Titans (Game Boy Advance: 2005)
  • Teen Titans (Xbox, PlayStation 2, GameCube: fiscal 2006)
  • Infected (PlayStation Portable: Holiday 2005)
  • Aeon Flux (Xbox, PlayStation 2: 2005)
  • Jaws Unleashed (Xbox, PlayStation 2, PC: early 2006)
  • On the financial side of things, Majesco updated its fiscal 2005 guidance, with the company now expecting revenues of $60.0 - $65.0 million and an operating loss of $40.0 - $45.0 million. Stay with us for more news throughout the day.

    Latest Similar Story: Tom Clancy�s Rainbow Six Critical Hour Announced (01/12/06)

    Username: Anonymous [ Register | Login ]
    Comment:
    LEGEND:
    (BB Code Enabled / HTML Disabled:)
    [b]Bold[/b]
    [i]Italics[/i]
    [u]Underline[/u]
    [url=http://www.gamegossip.com]GameGossip[/url]
    [url]http://www.gamegossip.com[/url]
      We would love to hear your opinion on this news story but you must be a GameGossip member to post! - You Must Register! (It is easy and free!)
     
     
    :: STAFF :: COPYRIGHT :: CREDITS :: ADVERTISE :: LINK US :: ::
    :: advertise ::
     
    Page Load Time: 0.4386 seconds