More Reviews
REVIEWS Animal Crossing: amiibo Festival Review
Amiibo Crossing is (not very much) fun for the whole family!

Mario Tennis: Ultra Smash Review
[Update] Mario’s latest tennis game can be a multiplayer blast, but the single player experience is pretty shallow.
More Previews
PREVIEWS Stellaris Preview
Paradox Interactive turns their lends from history to space, with their 4X/grand strategy hybrid.
Release Dates
NEW RELEASES Eiyuu Senki - The World Conquest
Release date: Out Now

MOP: Operation Cleanup
Release date: 12/01/15

JoJo no Kimyou na Bouken Eyes of Heaven
Release date: 12/17/15

Read More Member Blogs
Windows 10 Review for Dummies
By Ivory_Soul
Posted on 08/11/15
After all these years, and growing up with Windows 3.1, I have seen an entire evolution of computers and software. Touch screens and large resolutions were a pipe dream just 15 years ago. Now it's the norm. Going from a Packard Bell (yes, before HP) that couldn't run 3D Ultra Mini...


Majesco Stock Drops, Closes One Studio

Posted on Tuesday, January 15 @ 09:02:22 PST by Keri_Honea

Yesterday, Majesco announced they would no longer provide quantitative financial data in its earnings reports from this point further. This morning, the Zumba Fitness and Cooking Mama publisher's stock dropped 34 percent, down to $.69.

In the company's official statement, they said, "As a result of the weakness in demand for products on legacy console platforms and uncertainty around consumer adoption of the next-generation of consoles, management is modifying its practice of providing quantitative fiscal year revenue and earnings guidance. Instead, for fiscal 2013, management is presenting a qualitative assessment of its outlook for financial results."

Majesco has also decided to close its social game studio in Foxboro, Massachusetts and institute layoffs at its quality assurance office in New Jersey in an effort to "better align operating costs with sale trends."

Last year, Majesco's net revenue increased 6 percent to $132.3 million with its net income coming in at only $4.4 million, in comparison to the $11.1 million it earned in net income last year.

We've seen this trend happen way too often as of late. Hopefully, this is just a slight dip in Majesco's future and it will be able to turn itself around.

Tags:   Majesco

More from the Game Revolution Network

comments powered by Disqus

More On GameRevolution