Tuesday, May 5, 2015

Video game publisher Electronic Arts' revenue rises 5.5 percent

People wait in-line under "Madden NFL 15" billboard with an image of NFL player Sherman at the Electronic Arts booth during the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles(Reuters) - Video game publisher Electronic Arts Inc, known for titles such as "FIFA" and "Madden NFL", posted a 5.5 percent rise in quarterly revenue, helped by growth in its digital business, which includes software distributed through direct downloads. The company also announced a new buyback program of up to $1 billion of common stock. EA's net income rose to $395 million, or $1.19 per share, for the fourth quarter ended March 31, from $367 million, or $1.15 per share, a year earlier. On an adjusted basis, Electronic Arts earned 39 cents per share. Revenue rose to $1.19 billion from $1. ...




via Gaming News Headlines - Yahoo! News http://ift.tt/1ACG32s

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