NCsoft profits cut in half in latest financial report

Posted Nov 12th 2008 8:00PM by John Callaham
Filed under: Biz

Hot on the heels of the news that game design legend Richard Garriott is leaving the company, MMO publisher NCsoft revealed its latest financial results for the fiscal quarter that ended Sept. 30. According to MCV, profits were just $3.7 million for the Korean-based publisher in the quarter, compared to $7.4 million in profits from the same period a year ago.

NCsoft is hoping that upcoming games like Aion, Guild Wars 2 and more will help their revenues. In September the company announced a reorganization of their US and European offices which includes changing the company's Western headquarters to Seattle and layoffs of 12 of their employees in Austin, Texas.

Tags: city-of-heroes, ncsoft, richard-garriott, tabula-rasa

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