Take 2 to cut 20% of workforce

[NJ5]

Slimebeast said:

NJ5 said:

It's not because of the recession. They've been losing money since at least 2006 (I don't have the data for earlier fiscal years at hand).

Since that year, the only time they made a profit was in 2008 (GTA4 of course), but that profit wasn't enough to cover any of the losses in 2006/2007/2009, let alone the three together.

http://www.google.com/finance?q=NASDAQ:TTWO&fstype=ii

 

My impression is that they've lost money since way before 2006. Can u dig up the numbers NJ5?

It doesn't seem so. I couldn't find 2005, but between 2001-2004 they only lost money in 2001, and it was very little:

(numbers are in thousands)

http://i46.tinypic.com/im5krm.jpg