EA reports strong fiscal Q1

Ben Parfitt
EA reports strong fiscal Q1

With John Riccitiello very much still in investors’ spotlights, the exec will be breathing a little easier this morning after EA reported jumps in both revenue and profit for its fiscal Q1 ending June 30th.

Revenues climbed 23 per cent to $999m while profit for the period soared from $96m last year to $221m.

And perhaps it’s no surprise considering EA’s already blockbuster-packed release schedule so far in 2011. PS3 was the star performer in this period, with revenues climbing 47 per cent to $308m.

Combined Xbox 360 and PS3 revenues reached $653m, accounting for 65 per cent of EA’s total quarter.

There was less good news for handheld, however, with DS sales falling by 27 per cent and PSP sales plummeting 42 per cent. Mobile sales climbed ten per cent in the same period.

"This was another solid quarter driven by both digital and packaged goods," EA CEO John Riccitiello stated.

"We saw strong digital revenue growth over the prior year. On packaged goods, NCAA is off to a great start and pre-orders for Battlefield 3 are tracking extremely well."

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Tags: ea , riccitiello , fiscal , results , q1

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