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PS3 Attitude

Thursday, 4 September 2008

Take Two double revenues across the last nine months

Take Two Interactive released their latest quarterly results today, and the results show continued strength in the business.

Turnover for the third fiscal quarter was $433.8 million, compared to $206.4 million for the same quarter of fiscal 2007. Similarly, net income for the third quarter was $51.8 million or $0.67 per share, compared to a net loss of ($58.5) million or ($0.81) per share in the third quarter of fiscal 2007.

This means that for the nine months before July 31 2008, net revenues were $1,214.1 million, compared to $689.2 million for the same period a year ago, almost doubling their revenues.

The strength of Take Two's results will no doubt underline their decision to resist the recent acquisition bid from EA. Grand Theft Auto IV has, of course, played a big part with over 10 million units shipped since launch.

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