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Sony logs record highs in sales, operating income
DUBAI, 4 hours, 43 minutes ago Sony Corporation said its consolidated sales income grew 9 per cent in the financial year 2020while the operating income grew 15 per cent year-on-year against the same period last year, both touching record highs. The company has attributed the robust growth to the Game & Network Services (GNS) and Financial Services segments. Concluding March 31, 2021, the recorded operating income for FY20 was $9.1 billion up by 15 per cent from $ 7.96 billion (¥845 billion) in FY2019. Meanwhile, sales amounted to $ 84 billion against $77.8 billion from last year, hence registering an increase of $ 6.97 billion. Sony’s GNS segment witnessed an increase of $ 6.4 billion or 34 per cent in revenues compared to FY19. The consolidated sales clocked $ 25 billion while the operating income touched $ 3.22 billion in FY20. The increase in operating income was primarily due to an increase in sales of game software