THQ reports revenue growth for 12th straight year |
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Continuing its 11-year streak of revenue growth, THQ has reported a record of more than US$ 1 billion in net sales in its latest annual report released yesterday on the company's official website.
The company's net sales have gone up by 27 per cent from last year, making this its 12th consecutive year of revenue growth. Net income for THQ also doubled from US$ 32 million last year to US$ 68 billion this year.
For fiscal year 2008, THQ plans to increase revenues generated by owned IP from 20 per cent to 33 per cent. The company also expects that 40 to 50 per cent of its overall revenues next year will be from titles released for next gen consoles.
THQ currently has Juiced 2: Hot Import Nights and Frontlines: Fuel of War, among others, scheduled for release in fiscal year 2008. A multi-platform sequel has also been announced for the XBox 360 title Saints Row. You can check out the report itself by clicking on the Read link below.
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Comments [refresh]
Well Done THQ, you can mostly thank 360 for you success. But I must thank you for making fine games for the best video games console and ignoring the money grabbing SONY!
Please IP ban this troll.
i dont think this will ever stop ..some bored xbot with nothing better to do ...funny that thq existed way before x360 so therefore profited way before it so i guess its thx to psp, pc etc etc etc and a really really small thx to x360
congrats on THQ and ur guys success u guys make the best games ever but i would just like to say i would love for u guys on the WWE SvR08 game to add Goldberg as a WCW lengend just because he needs to be known again because he had the biggest winning streak in wcw and wwe history and i think he should be in, He would bring
1. good entrance
2. good entrance song
3. good moves such as THE SPEAR AND JACKHAMMER
Have to think WHO"S NEXT
GOLDBERG
i would like it and i know the rest of the wcw and wwe fans would too
thanks