Ubisoft reported in its FY99/00 statement that its net consolidated income rose 75.2 percent over the previous financial period to US$10.95 million. Additionally, the company showed a significant increase in net equity from $27.5 million to $282.8 million, while it had a reduction in debt from $107 million to $52.5 million.
The company cited the aggressive growth of its software sales, including the sale of 1.4 million copies of the platformer Rayman 2: The Great Escape, as one of the prominent factors behind its gains. It also released 60 new products in the period, fueled in part by the acquisitions of Grolier Interactive Ltd., Sinister Games, GameBusters, and Guillemot Distribution.
Ubisoft's growth was particularly impressive in the US, where its sales increased by 178 percent during the financial period.
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