Infogrames Entertainment SA Reports First Quarter Revenues.Business Editors LYON, France--(BUSINESS WIRE)--Nov. 14, 2000 Infogrames Entertainment (Nasdaq: IFGM):
REVENUES INCREASE 80% TO $75 MILLION
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In Millions US $ 09/30/00 09/30/99
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Europe 36.7 31.5 +16.4%
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US 38.3 10.2 + 277 %
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TOTAL 75.0 41.7 + 79.7 %
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(All figures converted at EUR/USD closing rate
as of September 30, 2000: 0.8765)
Infogrames Entertainment SA (Euronext 5257), today announced consolidated first quarter revenues of $75.0 million for the period ended September 30, 2000, an increase of 80% over the same period last year. In Europe, revenues increased more than 16%. Although the European market is still being affected by a wait-and-see policy by consumers waiting for the next-generation systems, it has already begun a small correction. The improved performance of Infogrames in the European market is primarily due to its outstanding catalog of titles, such as Driver and Bugs Bunny: Lost in Time for PlayStation as well as V-Rally, which represented 72% of the turnover for the quarter compared to 65% for the previous year. This further supports Infogrames' continued growth despite market conditions. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , total revenues included the operations of Infogrames, Inc. (Nasdaq: IFGM), (formerly GTIS GTIS Government Telecommunications and Informatics Services (Canada) GTIS Global Trade Information Services GTIS GOES Tap Imaging System GTIS Government Technical Information Services (Canada) ) and Infogrames North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . With $38.3 in revenues for the first quarter, the US market represented more the 50% of the total revenues for the Group. With the completion of the restructuring of the US operations, the Group's successful quarter was a result of top-selling titles, such as Bugs Bunny: Lost in Time and Hogs War from Infogrames Europe, Test Drive 6 and Duck Dodgers For the animated television series, see . Duck Dodgers is the fictional star of a series of cartoons produced by Warner Bros. He is actually the famous (but still fictional) cartoon star Daffy Duck, cast in the role of an intergalactic future "hero". from Infogrames North America, as well as many titles from Infogrames, Inc.'s catalog, including Driver, the Humongous Entertainment titles and Deer Hunter. Infogrames' second quarter will include the launches of the much anticipated Driver 2 for PlayStation(R), which has already generated retail demand for 2 million units worldwide; Test Drive Le Mans, the 24 hours racing experience and Space Race for Sega(R) Dreamcast(TM); Bugs & Taz Time Busters for PC and PlayStation(R); and Unreal Tournament for PlayStation(R)2 in the United States. About Infogrames Infogrames Entertainment SA (Euronext 5257) is a worldwide leader in the interactive entertainment software industry. Headquartered in France, the company publishes and distributes award-winning computer and video games This article is about the British magazine covering computer and video games. For the American magazine, see Computer Games Magazine. Computer And Video Games (CVG for the PlayStation(R) game console, PlayStation(R) 2 computer entertainment system, Microsoft(R) Xbox, Nintendo(R) 64, Nintendo(R) Game Boy(R) Color, Sega(R) Dreamcast(TM), Macintosh(R), and personal computer platforms, as well as interactive digital television platforms, mobile smart devices (WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. , HDML (Handheld Device Markup Language) A specialized version of HTML designed to enable wireless pagers, cellphones and other handheld devices to obtain information from Web pages. HDML was developed by Phone. ) and in-flight entertainment systems. Founded in 1983 by chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bruno Bonnell, Infogrames has published many award-winning franchises in its 17-year history, such as Alone In The Dark(TM), Test Drive(R), Driver(TM), Deer Hunter(R), Oddworld(TM), Unreal(TM), and V-Rally(TM). The company is also known for its best-selling and award-winning line of children's entertainment software from Humongous Entertainment(R) starring Putt-Putt(R), Freddi Fish(TM), Pajama Sam(R) and SPY Fox(TM), as well as its successful Macintosh publishing label, Macsoft, the number one publisher of Macintosh entertainment software. In addition, Infogrames has a number of key strategic licenses including Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Looney Tunes(TM), Nickelodeon's Blue's Clues(TM), AM General Hummer(R), and Harley-Davidson(R). Infogrames distributes its games in approximately 60 different countries worldwide. For more information, visit Infogrames' US Web site at www.us.infogrames.com. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY, Infogrames, Inc. (Nasdaq: IFGM) is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Infogrames Entertainment SA and serves as the headquarters for the company's operations in North America. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT Certain statements contained in this release are forward-looking statements (rather than historical facts) that are subject to risks and uncertainties that could cause actual results to differ materially from those described. With respect to such forward-looking statements, the company seeks the protection afforded by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and other enabling legislation. Statements contained herein with regard to the company's business outlook and prospective operating and financial results are based upon management's expectations regarding various factors, which may be beyond the company's control. This statement is not intended to identify each and every risk and uncertainty inherent in the company's business, and should be read in conjunction with the company's cautionary statements contained in its most recent filings with U.S. and foreign regulatory authorities. |
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