View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 15, 1997updated 05 Sep 2016 12:43pm


By CBR Staff Writer

3DO Co, the Redwood City, California outfit that recently sold its hardware business to Samsung Electronics Co Ltd to proceed with its plans to concentrate on console games software (CI No 3,150), reported fourth-quarter net income of $14m, or $0.46 per share, on revenue up 96% at $28.8m, compared to net income of $1.2m, or $0.04 per share, a year ago. The fourth quarter revenue increase is primarily due to the recognition of deferred revenue from a license agreement that the company signed with Matsushita Electric Industrial Co Ltd back in December 1995. For the year, net income was $13.3 million, or $0.46 per share, on revenue up 144% at $92.4m, compared to a net loss of $34.7 million in fiscal 1996.


Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.