Take-Two releases earnings and pushes back Austin Powers.
Take-Two went on record today and announced their fiscal net income, which ended on January 31st, 2001. Take-Two's total income for the fiscal quarter ending January 31st, 2001 were $7.8 million, compared to last years $4.8 million. That is 61% growth over one year, it seems as if those budget-priced games and the PS2 games such as Midnight Club and Smuggler's Run are really paying off. Take-Two/Rockstar also confirmed sequels to Midnight Club: Street Racing and Smuggler's Run, and have various other titles in development for all next-gen consoles.
On further note, Take-Two sadly announced that their Austin Powers game would have to be pushed back somewhere around fiscal year 2002, which means that there is still a high possibility of the game being released before the end of the year, or before January 31st 2002. This move was also made so that the third sequel to Austin Powers could coincide with the videogame release.
"The first quarter of our fiscal 2001 year was extremely successful," said Paul Eibeler, president of Take-Two Interactive. "In addition to continued growth in net sales and net income, we established three new brands--Midnight Club, Smuggler's Run, and Oni--which have positioned Take-Two as a leading publisher of next-generation software. We expect to see a significant increase in the installed base of next-generation hardware, which should further accelerate in the second half of the year. We believe that Take-Two is uniquely positioned to capitalize on this trend going forward.''