วันศุกร์ที่ 25 มกราคม พ.ศ. 2556
Majesco admits closures, write offs



Majesco has announced its fourth quarter ended October 31, 2012, the Company recorded a net loss of $ 2.7 million, compared to 3 , $ 9 million loss the previous year. Sales in the full year increased by six percent to $ 132.3 million, but ended with a net profit of $ 4.6 million, $ 2 million last year.


The company also said it has "implemented a number of initiatives to reduce fixed operating costs for the outsourcing model, the variable cost." This included the closure of a studio in Foxboro, Massachusetts, and a reduced game tester at his office in New Jersey.

Here's the quote of the financial report of the company is likely to raise eyebrows: "Due to the low demand for products in the platforms of the console and heritage uncertainty about consumer adoption of next generation consoles, the administration changes its ways of delivering revenue and profit forecasts quantitative years, however, for the year 2013. administration provides a qualitative assessment of their financial performance perspectives. "

Reduced

means that no longer provides quantitative Majesco (a fancy word for numbers) and provides policy advice based on qualitative analysis (uh, Joystiq
warm fuzzy feelings?

) evaluation.

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