Atari Posts Revenue, Income Gains For Fiscal Year

Atari (formerly Infogrames) announced results for the fiscal year that ended March 31, a period that was shortened to nine months as a result of shifting its fiscal year end date.
For the nine-months ended March 31, net revenue climbed 40% over the comparable 2002 period, to $404.6 million. Publishing revenue was up 56%, to $329.8 million, while distribution revenue declined from $77.5 million in the same period last year to $74.8 million this year. Atari posted a big turnaround in net income posting a $18.1 million profit, compared to net loss of $10.2 million in the comparable year-earlier period. The company attributed its results to strong sales of Dragon Ball Z series, RollerCoaster Tycoon 2 (PC); Unreal Championship (Xbox) and Unreal Tournament 2003 (PC); and Backyard Hockey (PC). For the quarter ended March 31, net revenue rose 68% to $84.7 million, but the company still reported a net loss of $12.7 million. On the bright side, that's better than last year's net loss of $22.9 million in the same quarter.

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