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Nazara Technologies Records $1.8M In Net Profits In June Quarter

The gaming firm Nazara Technologies recently announced the company recorded net profits of $1.8 million in the June 2021 quarter. The organization reported a loss of $2.92 million during April and June of 2020.

“The Q1 FY22 results revenue growth and especially enhanced Ebitda margins demonstrate intrinsic strength and profitability of the underlying businesses across all of three growth segments,” said Nazara Technologies’ CEO Manish Agarwal. “However, we will continue to prioritize strategic growth over margin optimization to ensure that we continue to achieve and maintain leadership in segments we operate.”

The company said its esports segment doubled compared to June of last year. The organization has generated $7.17 million through gaming since 2020.

(All information was provided by Business-Standard)

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