Mad Catz Is Making Mad Moneyz

Beside the economic downturn, third-party peripheral maker Mad Catz is doing just fine.

The company posted net sales increase 19 per cent to US$48.8 million during the third quarter of fiscal 2010. That's the second-best quarter sales in the company's history!

Gross profits were also up 51 per cent to $US15.9 million.

"These results reflect our success in aligning the Company with some of the industry's most popular and anticipated titles, and in bringing high-value products to market that enhance the gaming experience," says Darren Richardson, President and Chief Executive Officer of Mad Catz. "During the quarter, Mad Catz achieved strong growth in sales and gross margin at the same time, we continued to maintain our operating cost discipline, demonstrating the operating leverage potential of our business model."

While US sales declined, Europe sales jumped 58 per cent. Europe is mad about Mad Catz.


Comments

    its people buying wiimotes and all that other wii junk

    50-in-one sports pack anyone?

    more like: Real arcade parts anyone? YES!

    A lot of that probably came from them making a killing with the MW2 accessories.

    A lot of people went nuts over the controllers for the Xbox before it was released. I suspect it sold quite well.

    Everyone forgetting the MW2 perheprials? (Although I don't know of anyone who bought any.)

    I read this story as; MadCatz stops making junk, people buy their products.

Join the discussion!