Electronic Arts announces Q1 ending 6/30/97. TMSR, in perspective.
"...Electronic Arts (Nasdaq:ERTS) today announced its results
for the first fiscal quarter ended June 30, 1997. Revenues for the first quarter increased 46 percent to $117,758,000 compared to $80,627,000 reported for the same period of the prior fiscal year. Net income and earnings per share for the quarter were $1,484,000 and $0.03 compared to $35,000 and $0.00 reported for the same period last year.`We are pleased with our customers' response to our newly released products, especially in what is traditionally a slow summer season for the industry,' said Larry Probst, chairman and chief executive officer. `Need for Speed II and Triple Play are at the top of retailers' best seller lists and Dungeon Keeper had an
excellent launch in all markets where it was shipped. In June, we debuted our new product line-up at the industry's premier trade show, the Electronic Entertainment Expo with a very strong presentation in all significant product categories. We believe that we are well positioned for leadership in the two key segments for interactive entertainment software, the personal computer and the PlayStation, as we move into the Fall and holiday season'..."
biz.yahoo.com
Note: TMSR profit margins, sales growth were considerably better than ERTS', on a percentage basis, and with no new product introductions in the same quarter. |
