Electronic Arts has recently announced its financials for the 3 months ending on June 30, 2015, FY16 Q1.
Overall year on year, the sales were down 1% by $1.2 billion, however the total net income climbed 32% year on year to $442 million. The company sat on $1.8 billion in cash and equivalents by the end of the quarter which compared to the total on March 31 2015, was down 12%. Its sales rose by a staggering 18% year on year and 7% quarter on quarter to $145 million.
The company did not have many new releases during the quarter, with the exception of its UFC wrestling game. This may suggest that its been currently relying on its successes such as SimCity BuildIt, The Simpsons: Tapped Out, Real Racing 3 and the EA sports games.
Great new releases for 2015 include the new Need for Speed game, CCG Star Wars: Galaxy of Heroes and Minions Paradise.
The CEP Andrew Wilson said in a recent statement “Q1 was a great start to fiscal year 2016 for Electronic Arts as we continue our journey to put our players first and deliver amazing entertainment experiences”.