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Sales up 77% at THQ

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Sales up 77% at THQ

Chief executive Brian Farrell says numbers are “evidence of a dramatic turnaround”

American publisher THQ has reported a year-on-year sales increase for the quarter ending June 30th 2009, with revenue jumping 77 per cent to $243.5m.

Net income hitting $6.4m – in the same period last year the company suffered a $27.2m loss.



The big successes for the publisher included first person shooter Red Faction: Guerrilla and fighting sim UFC 2009: Undisputed. THQ now expects to maintain profitability for the fiscal year ending March, with its Q2 revenue now predicted to hit between $85-$95m.

THQ chief executive Brian Farrell said of the results: “The results show a vast improvement from a year ago and evidence of a dramatic turnaround here at THQ.”

However, analysts have expressed concern about THQ’s forecast of lower than expected revenues for the coming quarter, where it has no major releases scheduled.

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Coolio

posted by Tom Jul 29, 2009 at 12:25 pm
1
Tom

Nice to have some good news to cheer for once. Well done THQ.

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