Majesco Financial Results Reveal Modest Progress
by Rainier on June 8, 2006 @ 4:44 a.m. PDT | Filed under News
Majesco announced financial results for its second quarter ended April 30, 2006, and while there was a drop in net revenues (from $50.6 to $35.6 million), gross profit (from $8.4 to $3.9 million) and, these lower numbers are mainly due to the shift in policy. Operating income rose (from $821,000 to $1.4 million) mainly due to the sale of the rights and obligations of Teen Titans.
