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Ubisoft Q1 2010-11 financials: Sales up 94% at €161 million

VG247 writes:

Ubisoft has released its financial report for the first quarter 2010-11, ending June 30.

Sales for the company’s first quarter came in at €161 million.

Q1 sales up 94 percent

Sales for the first quarter totaled €161 million, which is up 94 percent compared to €83M for Q1 2009-10, and exceed the company’s guidanceof approximately €145M.

The better than projected sales was attributed to Splinter Cell Conviction selling 1.9M units, good performance by back-catalog and casual titles, sustained sales of Just Dance, as well as Assassin’s Creed 2 and Avatar, along with a “favorable exchange rate”.

Broken down, 39 percent of Q1 sales came from Europe, 52 percent for the US, and 9 percent from the rest of the globe.

Titles on Xbox 360 brought in the highest units sales for the company with 45 percent, followed by Wii with 20 percent, 17 percent for PS3, PC with 7 percent, DS with 6 percent, and PSP garnering 5 percent of titles sales.

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