Capcom announces 7th consecutive year of record high profits
One of the reasons Microsoft claimed to have shut down Tango Gameworks – among others – is due to the stagnating nature of the video games industry, with Xbox President Sarah Bond stating that the “industry isn’t growing”. In the wake of this, Capcom have now released their latest fiscal earnings report, announcing their 7th consecutive year of record high profits.
As reported by VGC, Capcom released their latest fiscal earnings for the year ending on the 31st of March. In this period, Capcom managed to achieve net sales of $977M (up 21.0% YoY), $366M in operating income (up 12.3% YoY), $381M in regular income (up 15.7% YoY) and last but not least $278M in net income (up 18.1% YoY).
All this helped to push Capcom to another record period, marking the 7th consecutive year for record high profits alongside 11 consecutive years of operating income growth.
Of course, Microsoft and Capcom’s financial situations are not an apples to apples comparison, but the timing of the publisher’s record profits is an interesting contrast to comments made by the higher ups at Xbox.
KitGuru says: Are you surprised by Capcom’s success? What can Xbox learn from them? Let us know your thoughts down below.The post Capcom announces 7th consecutive year of record high profits first appeared on KitGuru.
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