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3/31/08

Ubisoft earnings

While the future remains rosy for the publisher, the past is making the present a delightful period for investors as well. Ubisoft said today that more than 2 million units of Tom Clancy's Rainbow Six Vegas 2 have been sold to retailers since it went on sale March 18, a number CEO Yves Guillemot called "better than expected." Combined with continued strong sales of last year's critically lionized action adventure Assassin's Creed, the publisher today said it would once again be raising its fiscal 2008 full-year outlook.

With the publisher's first revision coming in December and a subsequent upward assessment following in January, Ubisoft today said it expects its full-year haul to amount to €920 million (about $1.45 billion), up from previous projections of €875 million (about $1.38 billion). Operating income saw a similar boost and is now expected to amount to 14 percent of the publisher's full-year revenues, up from 13 percent. Likewise, Ubisoft raised its estimates for the quarter ended March 31 to €210 million (about $331 million), up from €165 million (about $260 million).

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