Game publisher Activision reported record sales and earnings Tuesday for its 2002 fiscal year, ended March 31. Sales for the period totaled $786 million, compared with $620 million the previous year. Net income was $52.5 million, or 88 cents a share, compared with $21 million, or 50 cents a share, a year ago.
Sales for the fourth quarter were $165 million, up from $127 million during the same period a year ago. Quarterly earnings were $11 million, or 17 cents a share, up from $1 million, or 2 cents a share. The company also increased guidance for the current year, saying it now expects profit of $1.02 a share and sales of $845 million to $870 million for fiscal 2003. CEO Bobby Kotick attributed the results to franchises such as the "Tony Hawk" series of skateboarding games and strong consumer acceptance of new game systems.