Ubisoft Fiscal Profits Revealed and Company Changes
Ubisoft has revealed its profits for its fiscal year ending in 2013, profits look good, despite this the company has made some minor internal changes. More details inside.
The full earnings report for the past fiscal year (2012-2013) has been released by Ubisoft for investors. This report can be viewed online here and shows that things are looking good for Ubisoft. This past year has seen sales go up to 1,256 million Euros, compared to 1,061 million in the previous fiscal year (2011-2012). The net profit for this year was nearly 65 million Euros, which is nearly 30 million more than last year's profit.
Also interesting to note is that Ubisoft is stating Research & Development expenditure this fiscal year of 459 million Euros! That is quite the R&D budget and is an increase of 30 million compared to the year before. These funds go to a variety of things such as hardware experimentation such as with Wii U controllers, or with technology that can be used on future games such as physics or AI.
Despite the successful fiscal year of Ubisoft, they have fired Patrice Desilets who was the creative director for Assassin's Creed 1 and 2. Desilets was working on a game called 1666 at THQ before it went bankrupt and Ubisoft acquired it in part of THQ asset auction. From the statement released by Ubisoft's CEO Yves Guillemot, it seems like Desilets and Ubisoft could not agree on how they wanted 1666 to become, as a result they had to let go of Desilets and halt production on 1666.
Desilets left Ubisoft after Assassin's Creed 2 to work for THQ, where he began the 1666 project. One thing is certain, THQ always was known for its freedom when it comes to letting developers take games to unusual places, such as with Saints Row.