Square Enix Profitable in Latest Quarter, Stronger than Expected Sales - NewsWilliam D'Angelo, posted on 06 August 2014 / 4,233 Views
Square Enix has released its quarterly report for its first fiscal quarter, which ended on June 30, 2014. Revenue for the publisher jumped 57 percent from 24.1 billion yen during the same quarter a year ago to 37.8 billion yen. A year ago Square Enix lost 493 million yen, while this quarter the publisher recorded a profit of 3.4 billion yen.
The increase sales was not due to new releases, but the continued strong sales games released the previous fiscal year. Murdered: Soul Suspect was the only game released this quarter, which has poor reviews. Final Fantasy XIV has seen strong sales, as well Square Enix mobile games.
Square Enix has increased its six-month forecast to 5 billion yen in profits, as the publisher continues to reduce costs. Revenue is expected to be between 68 billion yen and 74 billion yen in the next quarter, which ends September 30, 2014.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at email@example.com.