Ubisoft Reports Fourth Quarter Sales, Plans For Expansion
Ubisoft [http://www.ubi.com]has announced its fourth quarter sales results for fiscal year 2007-2008, as well as plans for significant growth in staffing over the next 12 months.
The company reported fourth quarter sales of €217 million ($340 million), a ten percent increase over the €197 million ($309 million) recorded in the final quarter of fiscal year 2006-2007. Ubisoft's full-year sales improved even more dramatically, rising 36.4 percent to €928 million ($1.45 billion) for the fiscal. The French publishing giant attributed the strong growth primarily to the better-than-expected performance of rolled out [http://rainbowsixgame.us.ubi.com/]in mid-2007.
"2007-08 was a remarkable year for Ubisoft, underpinned by three strategic achievements: Continued strengthening of existing franchises such as Rainbow Six, Imagine [http://www.raymanzone.com/]that have performed exceptionally well," Ubisoft CEO Yves Guillemot said.
"These strategic focuses will once again be the key to our success in 2008 which is set to be another record year for the industry with growth expected to reach at least 15 percent," he continued. "Ubisoft's games line-up is particularly strong, with no fewer than seven existing franchises, five new releases and new brands in the casual segment."
Ubisoft also announced a plan to add another 900 people to its operation within the next 12 months, according to a acquisition [http://www.next-gen.biz/index.php?option=com_content&task=view&id=10163&Itemid=2]of a former Gameloft studio based in India as part of an expansion into Southeast Asia.
Permalink
Ubisoft [http://www.ubi.com]has announced its fourth quarter sales results for fiscal year 2007-2008, as well as plans for significant growth in staffing over the next 12 months.
The company reported fourth quarter sales of €217 million ($340 million), a ten percent increase over the €197 million ($309 million) recorded in the final quarter of fiscal year 2006-2007. Ubisoft's full-year sales improved even more dramatically, rising 36.4 percent to €928 million ($1.45 billion) for the fiscal. The French publishing giant attributed the strong growth primarily to the better-than-expected performance of rolled out [http://rainbowsixgame.us.ubi.com/]in mid-2007.
"2007-08 was a remarkable year for Ubisoft, underpinned by three strategic achievements: Continued strengthening of existing franchises such as Rainbow Six, Imagine [http://www.raymanzone.com/]that have performed exceptionally well," Ubisoft CEO Yves Guillemot said.
"These strategic focuses will once again be the key to our success in 2008 which is set to be another record year for the industry with growth expected to reach at least 15 percent," he continued. "Ubisoft's games line-up is particularly strong, with no fewer than seven existing franchises, five new releases and new brands in the casual segment."
Ubisoft also announced a plan to add another 900 people to its operation within the next 12 months, according to a acquisition [http://www.next-gen.biz/index.php?option=com_content&task=view&id=10163&Itemid=2]of a former Gameloft studio based in India as part of an expansion into Southeast Asia.
Permalink