Operational embezzlements repress Ubisoft first half revenue

Ubisoft, the western software developer is finding itself in the hot water as it reveals its sales stats for last two quarters ending on Sept 30th. However Ubisoft finds a notch up in the sales of the software sales but accepted a huge embezzlement in the R&D expenses. The total operational losses rise to 35.3 million euros that was rather 43.7 million euros at the same time last year. The developer found a cut back in the operational losses by 20%.

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The net loss filed is 20.5 million euros ($27.3 million) for the half fiscal year as compared to last year's 11.3 million euros ($15 million) that is approximately 55% high to previous year. Ubisoft has established an upscale in the revenue figures by 13% to enable it attain 172.1 million euros ($229 million) figure. The god sales have boosted entire revenue configuration and insisted Ubi to increase its turnover for the current Q3 to 280 million euros ($372 million) from 270 million euros ($359 million) making it tap 25% rise in envisaged annual business.

The expected sales figures were carried way by the titles because until now the lone console was carrying the title forward to the gamers but now with the most anticipated titles like Red Steel announced for Wii, Tom Clancy's Splinter Cell: Double Agent onto Wii, PS2 and Xbox360 and Tom Clancy's Rainbow Six: Vegas launched recently for Xbox360, PC and PS3 platforms are going to break the sates barrier and will divinely fetch a good sum for Ubi.

Via: next-gen.biz