Sega Profits $32M for Quarter Ending June 30

by playstationiso on August 1, 2012

Sega Sammy has reported on its first quarter for its fiscal 2013 fiscal year, which ended on June 30, 2012. Revenue for the company increased 7.1 percent to $893 million. The company after a loss last year has reported that it has returned to profits, which reached $32 million.

Sega revealed that sales of London 2012: The Official Video of the Olympic Games sold 510,000 units as of the end of June. Sega sold 1.34 million games for the quarter, with 0.75 million of that from games that were released prior to the quarter. 700,000 games were sold in Europe, 400,000 in Europe, 230,000 in Japan. For games that were released during the quarter: 320,000 units were sold for the PlayStation 3, 210,000 for the Xbox 360, 10,000 for the PlayStation Vita, and 30,000 for the PC.

Sega laid off employees in the U.S. and Europe, while closing studios in France, Germany, Spain, Australia, and Benelux. The number of employees in the U.S. and Europe has been reduced from 345 at the end of March, to 215 at the end of July.

Sega will be reducing its number of releases for the current fiscal year to 24, from 45 last year. It also expects to ship 8.94 million games, compared to 17.24 million for the previous fiscal year. Sega will focus on its biggest IPs such as Sonic the Hedgehog, Total War, Football Manager, and Aliens.

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