From Gamasutra:

Red Faction and UFC Undisputed publisher THQ said Wednesday that it completed a "successful turnaround" for the fiscal year, following a previous year that saw massive losses and substantial job cuts.

THQ attributed its turnaround to strong sales of games including UFC 2009: Undisputed and WWE SmackDown Vs. Raw 2010, each of which shipped 4 million units each, THQ said.

Metacritic scores for the publisher were also up, with review scores for THQ’s core-focused games averaging 82, up from 80 last year and 72 the year before that.

For the fiscal year 2010 ended March 31, THQ reported revenues of $899.1 million, up 8 percent year-on-year. Net loss for the year was $9 million, a notable improvement over the $431.1 million loss a year prior.

THQ CEO Brian Farrell said the company exceeded its financial and operating targets. "We have streamlined our cost structure, which will provide us with increased operating leverage in our model as our business continues to grow," he added. […]

Read the full article on Gamasutra…

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Tags: Brian Farrell, red faction, thq, uft, wwe