Gamebryo LightSpeed vendor cites cost cuts and high demand
California-based Emergent has enjoyed a sizable jump in revenues as the engine group secured over 120 licensing deals last year.
Year-on-year revenue for 2009 rose 35 per cent while profits climbed 58 per cent.
A growing list of licensing agreements in North America, Japan and China were cited as a key growth drivers, yet the company also cited “reduced expenses” as a factor.
In October the group told Develop that it was restructuring its business – am move which led to an unspecified number of job losses.
“Emergent has made changes to weather the tough economic climate and is poised to become stronger than ever as a result of those changes,” said Scott Johnson, CEO of the Gamebryo LightSpeed vendor.
“While the Asian market and the US visual simulation market never slowed for us, we are now seeing signs that game development is starting to pick up in North America and Europe,” he added.