Electronic Arts' stock jumped 8% as the video game developer announced better-than-expected earnings for the March quarter. Margin expansion and high digital sales were two key and interrelated points that stuck out in the company's report. The gross margin for the quarter improved by almost 10 basis points to 74%, helped by the company's cost cutting measures and a 45% year-on-year increase in high margin digital revenues.
Electronic Arts' stock jumped 8% as the video game developer announced better-than-expected earnings for the March quarter. Margin expansion and high digital sales were two key and interrelated points that stuck out in the company's report. The gross margin for the quarter improved by almost 10 basis points to 74%, helped by the company's cost cutting measures and a 45% year-on-year increase in high margin digital revenues.
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