Infogrames has announced its financial results for the first quarter of its fiscal year, which ended September 30. The company reported a net loss of US$15.2 million, or $0.73 per share, which is an improvement over the same period in 1999, when it reported a net loss of $56.5 million, or $3.83 per share. However, its revenues for the three-month period were $39.3 million, compared to $91.4 million for the same period last year.

　　"The first quarter of fiscal 2001 was an important quarter for Infogrames, as we took several steps toward merging the company's operations with Infogrames North America (INA)," said Bruno Bonnell, chairman and CEO of Infogrames. "The merger, which was completed shortly after the close of the quarter, adds INA's outstanding portfolio of titles including Unreal Tournament and Test Drive, licenses such as Warner Brothers' Looney Tunes, and its talented employee base. These assets provide Infogrames with substantial building blocks for the future through an even stronger development team and a deeper catalog of titles."

　　Bonnell further commented that the company's recently announced deal with Microsoft based on the Oddworld franchise will be beneficial to the company in the long run. "Although this agreement will allow Microsoft to exclusively publish the next four titles in the Oddworld series, we believe it will further strengthen the franchise's worldwide popularity by providing it with substantial brand support through Microsoft's enormous marketing campaign for the Xbox," explained Bonnell.