วันศุกร์ที่ 8 กุมภาพันธ์ พ.ศ. 2556

postheadericon Majesco shares dive

06:08 | เขียนโดย ject | แก้ไขบทความ

Zumba fitness editor sees the value of shares plunge 34 percent after the earnings report, confirms the Boston office closures, layoffs in facilities quality control.

Majesco share fell 34 percent to $ 0.69 this morning, after the Zumba Fitness publisher announced it would stop providing quantitative financial data reported earnings to advance .

"Due to the low demand for the products of existing consoles and uncertainty about consumer adoption of next generation consoles, the administration changes its ways of providing quantitative Annual turnover taxes and expected results, "the company said in a statement. "However, for the year 2013, the management is to provide a qualitative assessment of their prospects for financial results."
  • addition, management Majesco said his effort to "better align operating costs with sales trends" led to the closure of its social game studio in Foxboro, Massachusetts, and layoffs in his office quality control in New Jersey. The closure of the office of Massachusetts had been rumors earlier this month.
  • "Having successfully navigate through the industry transitions and periods of uncertainty in the past, we believe it is prudent to preserve our financial resources and new platforms have been deployed" a statement by its President, Jesse Sutton.
Regarding specific financial results for the fourth quarter ended October 31, Majesco recorded net income rose 6 percent to $ 26.6 million and a net loss of 2 $ 7 million. For the full year, net income rose 6 percent to $ 132.3 million Majesco, with a net profit reached U.S. $ 4.4 million, compared to $ 11.1 million last year.


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