Majesco's Yearly, Quarterly Revenues, Losses Increase

Publisher Majesco (Cooking Mama) moved to an operating loss in both fiscal year 2009 and its fourth fiscal quarter, despite considerable increases in net revenue for both periods.

Revenue in the quarter ending October 31, 2009 rose 32.8 percent from $18.0 million to $23.9 million. In that period, the company posted an operating loss of $5.5 million, compared to profits of $400,000 in the same period a year prior.

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3258d ago