Eidos 2nd Quarter Results

files/pictures/picture-35.jpgU.K.-based Eidos plc, one of the world's leading publishers and developers of entertainment software, announced their results for the three and six months ended September 30, 1999. Revenues for the quarter were BR£27.3 million (US$45.0 million), up from 21.8 million pounds for the corresponding period last year. On a U.S. GAAP basis the company's loss before tax for the quarter was £16.8 million ($27.8 million), giving a net loss of £12.8 million ($21.2 million) and a loss per share of 66.3 pence (109.4¢), compared to a net loss of £8.8
million and a loss per share of 51.3 pence in the corresponding period last
year. Revenues for the half year were £44.1 million ($72.7 million),
compared to £47.6 million for the corresponding period last year. On a U.S.
GAAP basis the Company's loss before tax for the half year was £38.1
million ($62.8 million), giving a net loss of £27.1 million ($44.8 million)
and a loss per share of 147.0 pence (242.6¢), compared to a net loss of
£11.8 million and a loss per share of 69.1 pence in the corresponding
period last year. Charles Cornwall, Chief Executive Officer for Edios plc,
explains, "Following on from the quiet first quarter, Eidos' interim
results reflect the relatively fewer new releases in the period coupled
with increased levels of development and corporate activity." In November,
Eidos plc announced the acquisition of a 19.96% holding in the U.S.-based
Internet company, Maximum Holdings. The software company also signed an
agreement with the Disney Corporation to utilise three of their characters
in games for release next spring and beyond. With the company still reaping
in good results from the million-copy sold LEGACY OF KAIN: SOUL REAVER
game, Eidos plc will enter the holiday selling season with a powerful new
product line-up featuring highly anticipated titles like TOMB RAIDER: THE
LAST REVELATION, FIGHTING FORCE 2, RESIDENT EVIL 3 and GEX III for the Game
Boy Color.