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EA Revenue Up in 2011, Income Down

by on May 8, 2012
 

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.

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