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Majesco Q2 results boosted by Zumba Fitness

By Matthew Handrahan

Majesco Q2 results boosted by Zumba Fitness

Tue 12 Jun 2012 7:30am GMT / 3:30am EDT / 12:30am PDT

Revenues show slight decline as popular fitness franchise hits 7 million sales

Majesco's financial results were once again buoyed by the continuing popularity of Zumba Fitness, though the company's revenue fell slightly year-on-year.

For the quarter ending April 30 2012, the company posted revenues of $30.4 million, down 5 per cent year-on-year from $32.1 million. Net profits were $2.7 million, up from $2.12 million in the same period last year.

The company's performance outside of the US improved considerablly, with international revenue climbing more than 100 per cent year-on-year to reach $6.5 million - almost a quarter of total revenue for the period.

"While the overall retail environment for interactive entertainment remains challenging in both North America and Europe, we are pleased to announce that in the second quarter, sales of Zumba Fitness remained solid, and Majesco delivered another profitable quarter," said CEO Jesse Sutton.

"Zumba Fitness has now sold over 7 million units worldwide, and is the second best selling fitness game of all time."

Majesco intends to release Zumba Fitness Core and the Kinect title NBA Baller Beats before the end of the year. It recently launched the Facebook game Mini Putt Park and has four iOS releases planned for the coming months.

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Rick Lopez Illustrator, Graphic Designer

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I wanna see a new Blood Rayne...

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James Stanard Senior Engine Programmer, Lightbox Interactive

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I saw that picture and the heading and what I read was "Zombie Fitness". After I rubbed my eyes and came to my senses I thought, why not? That could work. People love zombies and the sense of irony that they already feel like one when doing another mindless workout.

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