Kuju 'performing much better than expected'
Monday, 12th November 2007 at 10:38 am
Parent firm Catalis says games development division and QA efforts doing well
On announcing its financial figures for the first nine months of 2007 Dutch firm Catalis, which consists of UK games developer Kuju and testing outfit Testronic Labs, said its revenues were up 159 per cent year on year.
The company made €9.5m revenues in Q3 2007, way up over the €3.7m made in the same period last year.
Catalis' software testing and QA division showed 'strong organic growth', the company said. It had acquired rival PMTC last year which has, even with operating costs incurred from the merger, helped boost Testronic's business. "Games testing has also developed very positive," said an official statement from the firm last week, which added that Testronic's new Polish base was close to its staffing capacity due to business demand.
On Kuju, the statement added: "Our acquisition Kuju is also performing much better than expected," saying that the Kuju Brighton team Zoe Mode winning our Develop Industry Excellence Award for Best New Handheld IP for PSP game Crush "is a clear proof of the company's good standing in this industry."
Catalis also revealed how the revenues were split between divisions. In the first nine months of the year, Kuju helped deliver €15.8m in revenues, with €5.3m during Q3. The QA division, meanwhile, made €10.6m in the first nine months with €4.3m. Earnings before tax for the same periods were: Kuju - €2.0m (€0.9m) and QA €2.3m (€1.3m).
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