Atari Q2 2005 Results News
Jon Wilcox
05/11/2004
Atari announce net revenue up 18% compared with Q2 2004, but down on the 6-month comparable period…
Atari have today announced their 2nd Quarter results for the 2005 fiscal year, which reveals a mixed bag for the company.
Net revenue for Q2 2005 was $71.4 million, an increase of 18% compared with the same period in the 2004 fiscal year. Whilst this is good news for the company, over the six month period of Q1 & Q2 the company experienced a drop in revenue, from $211.9 million in 2004, to $181.7 million this year. The company is forecasting final year revenues of between $450 million and $470 million.
Confirming the results Bruno Bonnell, Chairman, CEO and Chief Creative Officer of Atari, said, "Our goal for the remainder of Fiscal 2005 is to focus on profitability through the strategic management of our catalogue of establish franchises, while keeping an eye toward the future growth of the industryâ¦We are poised for expansion on to new platforms such as the Nintendo DS and Sony's PlayStation Portable, as well as the next generation of consoles from Sony, Microsoft and Nintendo. With a strong foothold among the mass-audience and hardcore gamers, Atari will continue to be an innovator in the entertainment industry and remains on track to grow profits, ultimately creating greater shareholder value."
Atariâs line-up for the remaining two quarters of the 2004 fiscal year include RollerCoaster Tycoon 3 and Sid Meierâs Pirates on the PC, Atari Anthology on PS2 and Xbox, and Dragon Ball Z: Sagas on Xbox, PS2, and GameCube.
Weâll have more shortlyâ¦