Atari released today its earnings report for the fiscal year ending on March 31, 2011. Total net revenues for the year came to €72.6 million ($103.3 million), down 43 percent from a €115.7 million ($164.7 million) take in the previous fiscal period. Operating income improved 17.9 percent, but the company still suffered losses overall. Atari’s losses totaled €4.1 million ($5.8 million), better than last year’s €22 million ($31.3 million).
Atari has decided to improve its situation in the future by focusing on “fewer but more profitable releases," and moving itself towards development of social and mobile titles. As such, the company has divested itself of its MMO house, Cryptic Studios.
“In line with the previously stated strategy of fewer but more profitable releases and further expansion into casual online and mobile games, the Company has determined that external development creates more flexibility in the changing marketplace. Therefore, the Company has made the decision to divest itself from Cryptic Studios,” said a statement from the company.
Atari also mentioned its decision to downsize at Eden Games, a move that led to a one-day strike at the developer.
“The proposed plan aims to reduce the workforce to approximately 30 employees, adjusting costs to the size of the business and its revenues. This restructuring project is part of Atari’s long-term strategy to adapt to the changing marketplace and direct resources against the most profitable business segments,” said the company.
Heading into the next fiscal year, Atari has outlined a few releases. Yar’s Revenge for Xbox Live Arcade, Star Raiders for XBLA/PC, and The Witcher 2 for PC have all been released to-date. Still ahead are Dungeons and Dragons: Daggerdale for XBLA/PSN, and PC; Warlords for XBLA and PSN; and Centipede: Infestation for 3DS and Wii. It’s a rather light schedule for the company, with The Witcher 2 being the only real marquee title of the bunch.
