EA Produces Highest Operating Cash Flow In Nearly 8 Years

EA’s CEO, John Riccitiello, has spoken about the company’s latest financial report which saw it cement its place as the number one publisher for PlayStation 3 and Xbox 360 in 2011.

“This was the kind of quarter a CEO loves to report,” stated the CEO. “It is one which generated our highest operating cash flow in 31 quarters and reaffirms our strategy of creating big hits, digital revenue streams that extend the revenue, profitability and consumer engagement in our brands.

“We gained share in packaged goods in both North America and Europe on the strength of two titles, each of which sold more than 10m units, Battlefield 3 and FIFA 12.

“We were the No.1 publisher on high-definition systems worldwide for all of calendar year 2011.”

While others like Sony, THQ and Capcom will spend most of 2012 fighting poor financial figures, EA will continue to expand their franchises for the fans and investors.

“EA has a powerful advantage with our more than a dozen globally recognized brands,” he said. “Our mission now is to transform each of these powerhouse brands into year-round businesses, with steady flow of downloadable content, extensions on new platforms like mobile and social.

“More content for our consumers, more revenue and better margins for our investors.”