Taken from Gamerfeed:
Sega Profit Nearly Doubles
By Mike Meikle -- News Writer
Published 11:17 AM CDT, February 5, 2004
Profits at Sega nearly doubled on strong sales of arcade-game machines in Japan.
The Tokyo-based maker of Sonic the Hedgehog games on Thursday reported a group net profit of 7.66 billion yen ($73 million) for the period, up 92 percent from 3.98 billion yen a year earlier.
Operating profit jumped 33 percent to 12.5 billion yen ($118 million) from 9.4 billion yen but revenue edged down 4.1 percent to 144.5 billion yen ($1.4 billion) from 150.7 billion yen.
Sega has stopped making home game consoles after its Dreamcast machine lost out in the global market to rivals, such as Sony's PlayStation 2, Microsoft's Xbox and Nintendo's GameCube. But Sega continues to make game software for the rival machines and remains strong in arcade equipment.
» Mike Meikle
Sega Profit Nearly Doubles
By Mike Meikle -- News Writer
Published 11:17 AM CDT, February 5, 2004
Profits at Sega nearly doubled on strong sales of arcade-game machines in Japan.
The Tokyo-based maker of Sonic the Hedgehog games on Thursday reported a group net profit of 7.66 billion yen ($73 million) for the period, up 92 percent from 3.98 billion yen a year earlier.
Operating profit jumped 33 percent to 12.5 billion yen ($118 million) from 9.4 billion yen but revenue edged down 4.1 percent to 144.5 billion yen ($1.4 billion) from 150.7 billion yen.
Sega has stopped making home game consoles after its Dreamcast machine lost out in the global market to rivals, such as Sony's PlayStation 2, Microsoft's Xbox and Nintendo's GameCube. But Sega continues to make game software for the rival machines and remains strong in arcade equipment.
» Mike Meikle
