Japanese video game company, Nexon (TSE:3659), rose more than 13% after posting its highest-ever quarterly sales, leading to good year-end results. Nexon upped its sales and operating profit forecast for the first quarter of 2018, as the company expects high margin business from its widely-popular Chinese game, Dungeon & Fighter. Nexon also improved the monetization of its subscriber base. IT consulting company, Infosys, continued its turnaround by posting stable quarterly earnings under the watchful eye of new CEO Salil Parekh.
From Bernard Horn (Trades, Portfolio)'s first quarter 2018 shareholder letter.
