US-based publisher Majesco has reported a slight decline in revenue and profit for the first quarter ended January 31.
Net revenue came in at $29.2 million (£19.1m), down from $32.8 million (£21.4m) during the same period a year earlier, while net income fell from $4.2 million (£2.7m) to $3.8 million (£2.5m).
"Majesco had a very solid first quarter driven by strong holiday sales of our Cooking Mama franchise, which once again delivered impressive results, and Alvin & The Chipmunks: The Squeakquel,” said Majesco CEO Jesse Sutton.
“Our results were in-line with our internal expectations and we remain on track to deliver improved profitability for 2010.
“We have made significant progress in fine tuning our strategy to meet the challenges of the current operating environment,” the exec added. “We continue to focus our resources on our best opportunities and our costs remain under control. We are committed to improving our profitability and building long-term value for our shareholders."
The company reiterated its fiscal 2010 full year outlook for net revenue of approximately $80 million (£52.2m).
During the period the company will release 37 SKUs, including 14 for DS and 16 for Wii. It expects 62 per cent of revenue to come from DS titles, 31 per cent from Wii games and seven per cent from all other platforms.
Earlier this month Majesco was again warned that it's in danger of having its stock delisted from the Nasdaq for failing to comply with marketplace rules.