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United Kingdom 06/02

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Activision Profits Double

The latimes.com has Activision Blizzard's quarterly financial reporting, which show a 33% increase in revenue and an even more impressive 100% increase in profits. Word is: "The Santa Monica game publisher posted a profit of $381 million, or 30 cents a share, on sales of $1.3 billion in the quarter ended March 31. That compares with $189 million in net income, or 14 cents a share, on $981 million in revenue a year earlier." They include an analyst quote: "Activision's game franchises are pretty healthy in spite of what's happening with Infinity Ward," said Colin Sebastian, an analyst with Lazard Capital Markets. "The impression was that things were falling off track, but for now Call of Duty remains strong."

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