Summary
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on August 9, 2011, primarily to furnish additional information to analysts and investors in conjunction with their August 8, 2011 earnings call. The key piece of information disclosed relates to the company's financial outlook for the upcoming fiscal year. Specifically, TTWO provided guidance on expected gross margins for the fiscal year ending March 31, 2012. This filing is important for investors as it offers a forward-looking statement regarding profitability, albeit at a gross margin level. While not a comprehensive financial update, it signals management's expectations for cost of goods sold relative to revenue for the next fiscal year, which can impact overall profitability and strategic planning for the company. Investors should consider this guidance in the context of previous performance and industry trends.
Key Highlights
- 1Furnished additional information in conjunction with August 8, 2011 earnings call.
- 2Provided gross margin guidance for the fiscal year ending March 31, 2012.
- 3Expected gross margins for FY2012 to be in the range of the high 30s to the low 40s.
- 4Information provided in response to requests from analysts and investors.
- 5Item 7.01 filing, meaning the information is furnished and not deemed 'filed' for certain SEC liability purposes.
- 6Information furnished will not be incorporated by reference into future SEC filings unless expressly stated.