Majesco Posts Huge Jump in Profits

Okay Majesco. Apparently someone forgot to send you the memo, but the world economy has gone to pot and no one is supposed to be actually making any money. How could you buck the trend and not only turn a profit last quarter, but boast a 75.8 percent jump in revenue?

All kidding aside, it was a great day for Majesco investors yesterday. The same day the market saw Take-Two post $50 million in losses, Majesco filed its numbers for the first 2009 quarter, laying claim to a 75.8 percent increase in revenue over the same time last year,

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Take-Two Hit with $50M Q1 Losses

It looks like the 2009 fiscal year is getting off to a rough start for Take-Two. Addressing investors this week, the company posted its first quarter numbers and revealed that it has taken a loss of $50 million, up from the $38 million loss posted during the same period last year. Ironically, the company’s actual revenue was up for the quarter, up roughly 7 percent from $240.4 million last year to $256.8 million for this most recent quarter. The loss for the quarter in spite of higher revenue was blamed on the higher than expected costs related to “unusual legal matters” related mainly to the attempted takeover by Electronic Arts, business reorganization, marketing, and R&D costs.

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Capcom Hit with Major YTD Losses

In case you haven’t noticed from all the headlines lately, it’s that time of the year when companies have to report on their progress for the third financial quarter of the year. The most recent game company to step up to the firing line was Capcom, who released details of its year-to-date financials to investors late yesterday. The results were pretty rough, with the company reporting an overall loss of net income totaling a whopping 95 percent. However, things aren’t as bad as they seem, and the company expects to change things by the end of the financial year.

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EA Posts Q3 Losses, Revises Game Releases

Lately, with all of the economic news I’ve been writing, I’m feeling more and more like the Crispy Gamer financial analyst. This time around, it’s Electronic Arts’ financials taking the spotlight. The publisher released its third quarter numbers for the 2009 financial year today. With all the news of layoffs at the company, and throughout the rest of the industry for that matter, I was more than a little curious to see just how EA was faring in these rough times. The answers were, well, a little mixed.

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Ubisoft Q3 Sales Top $650 Million

Despite the rough world economy and word of layoffs and restructuring from different game companies, it looks like not everyone has been hurting after all. Reporting to investors on its third quarter earnings, Ubisoft announced that its earnings have actually gone up by about 13 percent over the same quarter last year, raking in a total of about $658 million USD in sales .

Talking to MCV about the news, Ubisoft CEO Yves Guillemot said, “I think everyone was holding their breath a little going into the holiday season but in the end the video game industry did well, showing software sales growth in the UK of 23 per cent and consoles sales growth of 14 per cent and that is good news. At Ubisoft, we were confident that we had a line-up that offered games of quality to a diverse audience.”

The company’s solid performance was primarily credited to the success of new additions to the company’s different franchises, such as Rayman Raving Rabbids TV Party, Far Cry 2, and Prince of Persia. Also, Ubi announced that Shaun White Snowboarding was the number two sports game in the United States for the quarter, with 2.3 million units selling worldwide.