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EA Mobile sustains solid growth in Q1 FY12 as sales rise 9% to $57 million

Overall sales also up 18% to $999 million

EA Mobile sustains solid growth in Q1 FY12 as sales rise 9% to $57 million
EA (NASDAQ: ERTS) has announced its Q1 FY12 financials, tracking a rise in EA Mobile revenues to $57 million for the three month period ending June 30.

This represents a rise of 9 percent year-on-year from the $52 million taken in Q1 FY11, but is a drop from the $70 million sales amassed during the previous Q4 holiday quarter.

In total, EA Mobile accounted for 5.7 percent of all EA's company wide revenues of $999 million in Q1.

The firm cited success across iOS throughout the quarter, including two of the top 10 paid titles on both iPhone and iPad in June.

Indeed, as a whole, EA's digital output has equal billing with boxed releases, with CEO John Riccitiello claiming its performance in both markets is behind the publisher's strong quarter.

Waiting for the PopCap pop

Overall sales for the whole of EA during Q1 FY12 were up 18 percent year-on-year to $999 billion.

The company made a profit of $221 million as compared with a net loss of $276 million for the previous quarter.

Non-GAAP net revenue for the quarter was $524, down 3 percent, while the non-GAAP loss was $123 million compared to $78 million a year ago – an overall performance it put down to a fall in the number of major titles released, down from six a year ago to four this quarter.

As for Q2 FY12, EA expects to make between $675 and $725 million in revenue, though it could be higher, given the firm claims it's using only "preliminary estimates" for PopCap's return throughout the quarter.

"With blockbuster titles like Plants vs. Zombies, Bejeweled, and Zuma, and a proven ability to create new hits, PopCap is a leader in the fast growing market for casual digital games," EA said of the purchase, set to be completed by August.

"The PopCap acquisition is expected to be neutral to fiscal 2012 non-GAAP and GAAP EPS, at least $0.10 accretive to fiscal 2013 non-GAAP EPS and $0.10 dilutive to fiscal 2013 GAAP EPS."

With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.

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