Ubisoft Releases Financial Figures

Ubisoft has reported its revenue for its first quarter ending September 30.

The company reported that sells were up 13% to $218.4 million, up from $194.3 million for the same period one year ago. The second quarter found itself down a bit to $129.5 million, down 7% from the same period last year.

Ubisoft also updated their targeted release for several of its big upcoming games. Widely anticipated games such as Assassins Creed and Red Steel have allowed the company to increase its sales objectives for the next 2 years from what was originally projected during its 2005-2006 figures. Ubisoft is anticipating revenue of around $342.9 million during the 3rd quarter of this year.

The total revenue growth for the 2006-2007 year is expected to be between 8 and 12 percent, up a bit from 5 to 10 percent during the previous forecast. During the fiscal year of 2007-2008, the revenue growth is expected to be around 25% compared to 17% during the previous forecast.

Moving on to updated release information, Ubisoft has revealed that it is delaying both Assassin’s Creed and Brothers in Arms: Hells Highway, both scheduled for the PlayStation 3. The company also announced that the release date for Ghost Recon Advanced Warfighter 2 has been moved up. Showing continual support for the Wii, the company is planning on releasing seven more games during its fourth fiscal quarter, bringing the grand total to 14 by March 2007.

“We have the second largest creation workforce in the industry, which we have built up over the past 10 years, and a powerful and wide-reaching distribution network. Ubisoft has ideally positioned itself to outperform the very strong growth of the market in the coming years.” says Yves Guillemot, CEO of Ubisoft.

Stay tuned to AMN.