Electronic Arts has announced its Second Quarter (2007 Fiscal Year) results, and the numbers are pretty impressive. For July, August and September, the company's revenue increased 16% to a record $784 million. Almost a quarter of that total came from the relatively new XBox 360, and the company is preparing numerous titles for the upcoming Playstation 3 and Nintendo Wii. Madden 2007 is the best selling game of the year so far with five million copies sold in the title's first five weeks in stores. EA has almost a thousand more employees now than it did a year ago, and the company is sitting on more than $2 billion in liquid assets to finance future development. During today's stockholder conference call, EA also announced a number of new titles including The Sims 3 and Sim City 5. PC game sales now account for about 11% of EA's revenue, compared with 8% for the PSP or 4% from cellphone games.
"We are well prepared for the holidays on all platforms, including the Xbox 360, PLAYSTATION 3 and the Nintendo Wii," said Larry Probst, Chairman and Chief Executive Officer. "In the quarter, we plan to release eight titles across multiple platforms and currently have more than 30 next-generation games in development."