Tag: India

gamelof-logo
Game News

[Updated] Gameloft closes down their Hyderabad studio in India, 250 out of work

Strange news today coming from the folks over at Gameloft. While the company just announced their Q4 2012 earning which shows the company making quite the improvement when it comes to profit, showing a 27% increase in revenue over Q4 2011 profits. For Q4 2012 Gameloft pulled in a consolidated sales total of €57.7 million which also marks the company’s bigest quarter last year. So with such an increase in profit, news of Gameloft shutting down their India studio seems a bit strange.