Seeking Alpha

More on Majesco: The game developer isn't providing specific guidance; instead, it's simply...

More on Majesco: The game developer isn't providing specific guidance; instead, it's simply guiding for a 50%+ Y/Y drop in holiday sales, and for FY13 (ends July) revenue to be "significantly lower" than FY12's. Majesco blames poor sales of core legacy console titles for its performance, and says it's closing an MA game studio and cutting personnel at its NJ HQ in order to trim costs. It expects to achieve $1.5M-$2M in annual savings. COOL -23.6% AH. CC underway (webcast). (PR)
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