Large third-party software manufacturer Activision makes its first-quarter 2005 revenues public.

According to a recently published report, first quarter net revenues for the company were a record $241.1 million, up from $211.3 million in the same time period last fiscal year. Net loss for the first fiscal quarter was $3.6 million, compared with net income of $12.0 million for the previous first quarter. And apparently loss per share was $0.02, as compared with $0.06 earnings per diluted share reported for the same period last year.

Tough financial talk over, Robert A. Kotick, Chairman and CEO of Activision, commented that the current financial year was off to a strong start for the company. "To date DOOM 3, Madagascar and Fantastic 4 each have shipped in excess of one million units. During the quarter, we continued to strengthen our business. With $786 million in cash and short-term investments, one of the industry's strongest balance sheets and a strong product development slate, we have entered fiscal year 2006 with numerous competitive advantages."

He also said that Activision remained focused on their big propositions and would continue to work using well established franchises. "Our production strategy centers around developing games based on proven, predictable brands. This strategy should enable us to grow our revenues, earnings and operating margin as we have over the past five years."

Activision have been busy in the last quarter, releasing DOOM 3 for Xbox and PC, Madagascar and Fantastic 4 for all major platforms and were responsible for publishing LucasArts' Star Wars: Episode III Revenge of the Sith for PS2 and Xbox in Europe.