EA Revenue Up in 2011, Income Down
EA has revealed that overall revenue went up for the company in FY 2012, while income decreased.
In the fourth quarter alone, EA had a total revenue of $1.36 billion, a 24 percent increase from last year. Meanwhile, digital sales revenue almost doubled from FY 2011, finishing at $419 million, a 98 percent increase.
Overall, the company saw revenue go up 15 percent from last year, finishing at $4.14 billion. Net income fell 263 percent to $76 million.
In FY 2012, EA expects net revenue to hit about $4.07 billion.
Meanwhile, the company expects to have “approximately $40 million in total costs” relating to cuts the company wants to have finalized by Sept. 30. Of that $40 million, $23 million will be used for “severance and other employee-related costs.”
EA called the whole thing “restructuring” because it plans to add more engineers, growing the overall number of employees from 9,200 to 9,700 by March 31, 2013.