Waqas Sadiq

Mobile game publisher and developer Gameloft reported a 54 percent increase in this year's Q1 sales over the same period last year, bringing in $30.9 million in sales. Europe and North America led sales territories with 44 percent and 39 percent of sales, respectively. Upon the results, Gameloft slightly revised yearly sales goals upward from €95 to 100 million from €90 to 100 million.

"The company's strong performance in the first quarter of 2007 shows that it is perfectly positioned to take advantage of the rapid growth in the mobile games market," said the release, which also attributed a strong line-up of games as the reason for solid growth. "With its catalog of 130 mobile games distributed by more than 170 operators around the world, Gameloft is now beginning to reap the benefits of the massive investments made in previous years."

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