U.K. publisher Codemasters has made a profit for the first time in five years, with predictions that the future will only get rosier for the company
The news follows the publisher’s recent acquisition of the former Sony third-party studio, Evolution, the creators of games such as DriveClub and Motorstorm.
Speaking in an interview with MCV, Codemasters CEO Frank Sagnier said that the firm had endured a challenging few years as it struggled with the move to PlayStation 4 and Xbox One.
“The company has been through some difficult years. The transition to the new machines has not been easy and in the last couple of years we have focused on what we are good at, doubling down on racing and cutting the areas which we didn’t feel were strategic for us. We have ended up in fiscal year 2016 with our first operational profit in five years, which is a big achievement.”
Sagnier went on to say the future will only see bigger things for the company,
“For as far as we can see, we are growing every year and we’re talking big double digits, we’re not talking about a few per cent. It’s a very positive time for the company. Dirt Rally has done very well. F1 2015 was successful, we did two-and-a-half times the number of units we did the year before. Our morale is up because when you do good games and they’re successful, your employees are happy. And, by the way, so are your shareholders.”
The publisher’s latest, Dirt Rally, debuted at No.2 in the charts this week, and was incredibly close behind the Xbox One exclusive Quantum Break in terms of units sold.
Its nice to see a U.K. games company doing well in the wake of the recent closure of Lionhead Studios and Evolution Studios own departure from Sony.