2012 for Ubisoft is looking to be an up year, at least in terms of revenue growth. The company is now expecting a full 8 percent increase in revenues from last year for the third quarter. Originally estimating between $740.86 million and $791.95 million in revenues as reported in the first quarter, Ubisoft now believes they should be able to push past $830.25 million.
Along with revising third quarter expectations, Ubisoft has revised full-year guidance to somewhere between $1.34B and $1.37B for fiscal 2011-12.
Things do seem to be looking up for the company, who has enjoyed some success in the dance game genre. The company has unfortunately had to delay one of their flagship titles, yet again. Ghost Recon: Future Soldier has been pushed back for first fiscal quarter 2012-13 rather than Q4 of this fiscal year.
"In continuation of the robust trends recorded for the first half of the fiscal year, Ubisoft reported record-high sales for the holiday period, exceeding expectations,” said Ubisoft CEO Yves Guillemot. “Against an extremely competitive backdrop, we were able to reach an even wider audience thanks to the quality of our games and our capacity to create brands for both hardcore and casual players. Assassin's Creed Revelations posted a solid performance, in line with our forecasts, and Just Dance generated outstanding sales.
“The quarter also saw an ongoing increase in our online sales. Ubisoft is therefore continuing to progress towards improving its financial performance and returning to positive cash flow generation in full fiscal year 2012-13."
