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Atari Publishes Fiscal 2004 Q3 Results.

Discussion in 'Game/SP News & Comments' started by NewsPro, Feb 5, 2004.

  1. NewsPro Gems: 30/31
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    Remove all ads!
    (Originally posted by chevalier)

    Atari have published financial results for the third quarter of 2003 and the nine month period ended with 31th December 2003. It appears they're doing a bit worse than in comparable periods of the previous year, having generated $190.6 million revenue vs $210.6 million for Q3 and $402.5 million vs $449.6 million for the nine month period. However, their operating profit is doing well and has risen by 43% compared to the corresponding nine month period of fiscal 2003.

    “This was a challenging quarter for us, as some of our titles met our expectations while others fell short. Some of our holiday lineup did not achieve the same success as titles from our Dragon Ball Z franchise or new franchises such as Beyblade and Yu Yu Hakusho, but successful sales are not confined to the holiday season,” said Bruno Bonnell, Chairman and CEO of Atari.

    “This increase by more than 40% of our operating profit to € 28.2 million demonstrates our ability to control costs and to improve our profitability, whilst maintaining an investment of approximately US$150 million in future products over the same period,” announced Bruno Bonnell.

    Read Fiscal 2004 Q3 Results and IESA FY Q3 Results at Corporate Infogrames.
     
    NewsPro, Feb 5, 2004
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  2. NewsPro Gems: 30/31
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    (Originally posted by Bluin)

    I wonder how they made 28 million dollars extra when they sold less games?

    *cough - TOEE kicked out the door unfinished - cough - current profits put before future customer goodwill - cough - asset stripping of Infogames fan base before - cough - death*
     
    NewsPro, Feb 5, 2004
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