Atari: Losses trimmed...same goes with revenues |
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Atari recently released its fiscal 2007 third quarter (which ended last December 31) results and they reported that net losses for the quarter have been sliced to US$ 700,000 from US$ 4.8 million for the same period a year earlier. The losses were trimmed thanks to the company's decision to sell several of its franchises so they could focus their time and sweat on a few properties.
Revenues for the third quarter plummeted from a whopping US$ 100 million in 2005 to US$ 47.3 million in 2006. The company mentioned that Test Drive Unlimited (Xbox 360, PSP, PC) performed well during the said fiscal year. According to Atari CEO, David Pierce:
Specifically, Never Winter Nights 2, Dragon Ball Z: Budokai Tenkaichi 2, and Test Drive Unlimited achieved our targets of quality and market place acceptance on a global basis.
Profit for the nine months to December 31 had hit US$ 95.3 million compared to a 162.2 million output a year earlier. On the bright side, their net loss for the fiscal year was down to US$ 7.5 million compared to $ 62.8 million.
Via IGN
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