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Infogrames Reports Second Quarter Financials

Mergers and reorganization are starting to pay dividends for Infogrames.
The company’s second quarter revenues increased to $127.5 million from last year’s second quarter revenues of $109.7 million. Changes in income were more impressive, as the company exchanged last year’s second quarter loss of $118 million for net income of $16.5 million this year. Infogrames' second quarter results include its merger, closes October 2, with Infogrames North America. “The transformation of Infogrames, Inc. during the second quarter began quickly with the closure of the Infogrames North America merger,” said Infogrames CEO Bruno Bonnell, “While leveraging the procedures instilled during the prior quarters to reduce expenses, revenues increased significantly, compared to the same period last year. This combination provided us with the first quarter of profitability under our new management team.”

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