Atari Reports Financials

Atari Inc, a longtime publisher / developer in the gaming industry has announced today their profits for the previous fiscal year. For the previous year, the company has reported earnings of $395.2 million.Net revenue for the company, including it’s Humongous Entertainment Studio ammounted to $407.8 million. The net revenue of Atari declined somewhat from the previous year’s total of $469.0 million.

Despite their slumbering sales figures, the company remains optimistic.“We have accomplished many of our goals as we have completed the relocation of our publishing operations, transformed our senior management team and secured a new credit facility. Atari remains focused on growing our market share and increasing profitability to industry levels, thereby creating greater shareholder value,” stated Bruno Bonnell, Chairman, interim CEO and Chief Creative Officer of Atari. “Atari stands for innovation and we seek to provide our consumers, both hardcore gamers and the mass-audience, the best in content. We are well positioned to exploit the industry’s technological advancements through Sony, Microsoft and Nintendo’s next generation of consoles and the rapid growth of the handheld, mobile, online and interactive television markets.”

Bonnell continued, saying “Fiscal 2006 will be a year of focus at Atari. We will be releasing fewer SKUs in fiscal 2006 than in fiscal 2005. By improving our business processes in order to release higher quality products on time and on budget and creating comprehensive global market initiatives to support them, we will be taking better advantage of our assets. We will continue to work with leading development studios and capitalize on our third-party distribution business.”

Atari’s lineup for the 2006 fiscal year include titles such as Dragon Ball GT: Transformation (GBA), Dragon Ball Z Budokai: Tenkaichi (PS2), Dragonshard (PC), Duel Masters: Shadow Code (GBA), Dungeons & Dragons Online (PC), Indigo Prophecy (PS2, Xbox and PC), Marc Ecko’s Getting Up: Contents Under Pressure (PS2, Xbox and PC), RollerCoaster Tycoon 3: Soaked (PC), The Matrix: Path of Neo (PS2, Xbox and PC), Timeshift (PC, Xbox), Tycoon City: New York (PC) with more to come.

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