Monday, May 18, 2015
Game publisher Take-Two Interactive's revenue rises 83.5 percent
Video game publisher Take-Two Interactive Software Inc (TTWO.O), reported an 83.5 percent jump in quarterly adjusted revenue, helped by strong sales of "Grand Theft Auto V" and "NBA 2K15".Adjusted net income increased to $54.3 million, or 49 cents per share, in the fourth quarter ended March 31, from $21.5 million, or 21 cents per share, a year earlier.Excluding items, revenue rose to $427.7 million from $233.2 million. The company also said it was buying back up to 10 million shares. (Reporting by Anya George Tharakan and Sai Sachin R in Bengaluru; Editing by Joyjeet Das)
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