NEWS - Thursday, January 24, 2002


Activision Thanks Xbox & GameCube

Activision released their third quarter fiscal results today, marked by better than expected profit. Revenues for the quarter were $371.3 million, up 40% compared with $264.5 million in the same period of 2000. The company also raised guidance for fiscal 2002 and 2003, raising its 2002 revenue to $765 million from $725 million. For 2003, Activision raised its per-share guidance to 94 cents and revenues to $845 million. Shares in the company closed up 1.6% today at $24.80, despite a slump in gaming related stocks in recent weeks.

Robert A. Kotick, Chairman and CEO of Activision, said, "Our record results for the third fiscal quarter once again demonstrate the ability of Activision’s diverse product slate and platform mix to deliver top-line growth, increased operating margins and strong cash generation. The combination of better than expected market conditions, strong worldwide consumer demand for our products and the successful U.S. launches of the Xbox from Microsoft and Nintendo’s GameCube, contributed to these results. We continue to focus on cost controls and operating efficiencies as key drivers of our operating margin expansion initiatives."
Source: http://coremagazine.com

Comments

Site Statistics

Registered Members: 48,533
Forum Posts: 725,916
Xbox One Titles: 2,738
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,017
Member Reviews: 10,339
News Articles: 15,609
Screenshots: 33,977
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Series X or S
Post by Nato King
2 Replies, 159 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 182 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 4434 Views

Xbox one no signal
Post by debrartin
0 Replies, 26394 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 26391 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 22524 Views

Claiming the first thread of 2020
Post by Kraft
6 Replies, 38364 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 22580 Views

Squad Up
Post by samslophead
0 Replies, 48443 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 52310 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 87351 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 59907 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 73426 Views

Xbox Playdates Canada October, 2018 Play date info thread.
Post by Kiesey
2 Replies, 18468 Views

2 Giveaways! Bridge Constructor Portal AND Tempest 4000!
Post by Variation-XBA
0 Replies, 17172 Views

© 2000-2020 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics