DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
January 20, 2018 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 56 people online.

 

Latest Reviews
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
 

Follow us
RSS
 

EA posts yearly loss of $1.08 billion

Posted on Wednesday, May 06 2009 @ 14:50:20 CEST by


Game publisher EA has recorded a net loss of $1.08 billion on a revenue of $4.2 billion over the fiscal year ending March 31, 2009. Revenue was up 15 percent from last year's $3.6 billion while the company's loss more than doubled.

However, the fourth quarter results were better than expected as the company published a loss of only $42 million. EA CEO John Riccitiello claims the company's strong cost actions in Q4 FY09 and investments in digital service business will result in a stronger fiscal 2010.
Meanwhile, the publisher's fourth quarter results rang in to the tune of $42 million in net loss--less than expected by analysts. According to EA, sales in that quarter were largely driven by Skate 2, Rock Band 2, The Lord of the Rings: Conquest, Left 4 Dead and Need for Speed Undercover.

Following third quarter losses of over $600 million, EA quickly moved to cut back its operation, presenting plans in February to close 12 facilities and cut 11% of its workforce.




 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2017 DM Media Group bvba