Majesco turns around

There was a time not too long ago when Majesco was teetering on the brink of bankruptcy. The publisher seems to have really pulled itself out of the abyss though, as today it's reporting gross profits of $4.4 million for the third quarter, this compared to losses of $16.2 million in 2005. More shocking yet is the drop in operating losses: whereas the company lost $332,000 in the recent quarter, third-quarter 2005 losses were $38.6 million. Jesse Sutton, Majesco's interim CEO, attributes the success to "a more conservative approach to game development, an improved cost structure and strong sales of JAWS Unleashed." Ironically, the Jaws game has almost universally been panned. Better Majesco titles have included Psychonauts and Guilty Gear Judgment.

by MacNN Staff