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Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Second Quarter 2014

NEW YORK--(BUSINESS WIRE)--Oct. 29, 2013-- Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today reported strong financial results for fiscal second quarter 2014, ended September 30, 2013. In addition, the Company increased its financial outlook for fiscal year 2014, ending March 31, 2014, and provided its initial financial outlook for fiscal third quarter 2014, ending December 31, 2013.

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ir.take2games.com
NYC_Gamer4589d ago

"“During the fiscal second quarter, we delivered record Non-GAAP results driven by the unprecedented success of Rockstar Games’ Grand Theft Auto V,” said Strauss Zelnick, Chairman and CEO of Take-Two. “The title received stellar reviews, shattered entertainment industry records, and has already sold-in nearly 29 million units to date. The extraordinary success of Grand Theft Auto V illustrates the positive momentum in our business and consumers’ enduring appetite for the highest-quality interactive entertainment."

That's damn crazy for real.

Akuma2K4589d ago (Edited 4589d ago )

And people said Take Two was broke and there was no way they could buy their way back into to the nfl license (not exclusive just being able to make an nfl game again), i think they're just patiently waiting to see if EA doesn't renew the license or if nothing has happened by march/april next year and that's when they'll pull the trigger and make their move.....not to mention they already have their new game engine eco-motion (i think that's what its called) in place for next gen which NBA2K14 is built from.

THamm4589d ago

could you believe 2K was ready to give us classic NFL teams just like in NBA 2K. When EA learned of this they quickly went in cahoots with the NFLPA which then signed exclusively with EA. It blocked the legendary players from possibly receiving MORE money from 2K. So it's not only the league but the players association thats full of crap over there. All pro came out eventually and if you give it a chance, it looks and plays way better than Madden. Field Pass would have been the best in an NFL game

Akuma2K4589d ago

Yea I agree, EA knows what they're up against and they know that 2K has better developers and better games to back up their talent and it shows in NBA2K14. Now that we're in next gen the cost for game development gets very expensive, with this high cost coupled with EA not getting sale numbers from madden they used to before they got the license and the loss of the NCAA license will make EA make a decision....give up the license and put that money toward game development or keep the license and let some of the games suffer. Not to mention the fierce competition of other games in the same genre that EA is going up against, with the power of these next gen consoles there's no excuse for leaving out certain features etc..(concerning sports games) when you see them in other games with ease. But even if they do renew the license next year, I wouldn't mind seeing 2K sports making APF2K15 because best believe it would outsell Madden2K15 with the main reason being having another football game to play.

THamm4589d ago

Yes and also EA announced it won't be signing Tiger Woods, which I believe is more of a cost cutting measure than his off field problems

40°

Report: Take-Two lays off the head of AI and multiple team members

The head of AI at Take-Two says his time with the company has reportedly 'come to an end.'

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linkedin.com
50°

Take-Two hires Perfect Dark studio leads for new studio

Take-Two has hired Perfect Dark studio head Darrell Gallagher and creative director Brian Horton to start a new studio under 2K.

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gamedeveloper.com
jjb1981164d ago

This is great news as long as it it focused on SP games and not live-service

140°

Protests Outside Take-Two and Rockstar North Offices as Fired Staff Deny Leaking Company Secrets

Fired Rockstar Games staff have protested outside the UK offices of parent company Take-Two and developer Rockstar North today, denying accusations of leaking company secrets and calling for their reinstatement.

blacktiger197d ago

oh wow, excuse to lay ppl off

GAMERJET197d ago

The fired Rock Star Games staff were likely at-will employees, which means they could be terminated by the employer for almost any reason. Doesn't make it right, but it is what is.

__y2jb196d ago

There is no such thing as this in the UK. You can never just fire someone for no reason.