Electronic Arts Profits Jump 50% in Latest Quarter - News
by William D'Angelo , posted on 23 July 2014 / 4,874 ViewsElectronic Arts has posted its quarterly report for the first fiscal quarter, which ended on June 30, 2014. Revenue increased from $949 million a year ago, to $1.2 billion. Profits jumped 50 percent from $222 million during the same quarter a year ago, to $335 million.
"It was a strong start to the year for Electronic Arts. We are committed to putting our players first and delivering the entertainment, innovation and creativity that our players want," said CEO Andrew Wilson. "Through exciting new titles and fresh content in our live services, we are well-positioned to deliver on that commitment in FY15 and beyond."
Two titles have been delayed, but EA expects non-GAAP net revenue of $4.1 billion for the full 2015 fiscal year. Dragon Age Inquisition was delayed until November 18 and Battlefield Hardline was delayed until until early 2015.
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This will only encourage them
This is why EA does what it does. Majority doesn't care when they abuse things.
I guess improved profits during a console generation transition is a good achievement. That's a really high profit margin too 28% return is impressive.
there lying str8 up, u people will fall for anything
EA succeeds when playstation successes.