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Square Enix Alters First-Half Forecast In Light Of  Deus Ex: Human Revolution  Success
Square Enix Alters First-Half Forecast In Light Of Deus Ex: Human Revolution Success
November 2, 2011 | By Mike Rose

November 2, 2011 | By Mike Rose
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More: Console/PC, Business/Marketing



Square Enix has revised its financial forecast for the first half of the current fiscal year, more than doubling its originally estimated profits.

The publisher put this alteration down to the success of recently-released Deus Ex: Human Revolution, as well as increased revenue from web content.

It noted that income from content for smartphones and social networking services was "relatively higher" than it had previously forecast, and had exceeded the company's original plan.

Elsewhere, Square Enix also saw greater revenue generated from its Amusement and Publication departments, with the operating of amusement facilities achieving higher revenue than anticipated, and sales of comic books very strong.

For the six months ended September 30, the company altered its forecast to reflect revenue of 57 billion ($729.9 million), up 1.8 percent compared to the originally estimated 56 billion ($717.1 million).

Meanwhile, forecated profits were up an impressive 146.7 percent to 3.7 billion ($47.4 million), from the original forecast of 1.5 billion ($19.2 million).

However, the company also noted that its forecast for the full fiscal year remains unchanged, due to the rapid appreciation of the Japanese yen. Indeed, for the first half of the current fiscal year, the company has recorded a 2.1 billion ($26.9 million) foreign exchange loss.


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Comments


Harry Fields
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What is this? Make a great game and you can be profitable?! Whodda' thunk it.



Great job, Eidos Montreal.

John McMahon
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Yet apparently they didn't think it would be as successful. Did they not have a lot of faith in the team?

Kevin Patterson
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So far Deus Ex:Human Revolution is my favorite game of the year. First game from this team and they knock it out of the park!! I am so looking forward to Thief 4, and hopefully another Deus Ex game one day.

For the next consoles, a next-gen remake of the original Deus Ex would be a dream, or at least a game featuring Paul's story, prior to the events of Deus Ex 1.

Eric Geer
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I wish I never bought this game...it emptied my pocket and skewed Square Enixs' numbers.

Matt Cratty
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"It noted that income from content for smartphones and social networking services was "relatively higher" than it had previously forecast, and had exceeded the company's original plan."



This made me a sad panda.



But, I'm elated that the first decent console port I've seen in a long time sold well. Let's hope for an even better sequel. Hear that management? Not a slammed out the door sequel, one that takes every bit as much time to develop and raises the bar.


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