Gaming publisher Activision has released an annual fiscal report for 2008 that reveals close to $3 billion in games sales during the past twelve months. The fiscal year of 2008 has proved to be Activision's best year so far.

Activision reported that net revenues for the fiscal year ending March 31 2008 were a massive $2.9 billion in comparison to $1.51 billion for sales during the previous year. It is interesting to note that net revenue figures from Q4 were $602.5 million, as compared to $312.5 million reported by the company for the same period of last year. It should also be noted that this fourth quarter did not feature the release of any new titles on the part of Activision.

In a news statement on the Activision site, Chairman and CEO of Activision, Inc., Robert Kotick commented that "Fiscal 2008 was the best year in our history and Q4 was the largest and most profitable non-holiday quarter, even though we did not release any new titles. During the fiscal year, we were the #1 U.S. console and handheld publisher in dollars for the first time ever, according to the NPD Group, and we grew our worldwide share of the console, handheld and PC markets year over year. We achieved record financial performance significantly growing both net revenues and earnings per share."

Making reference to the fiscal year of 2009, Kotick mentioned Activision's anticipation for further growth. He added "Our solid lineup which includes new titles based on such blockbuster brands as 'Call of Duty, 'Guitar Hero and James Bond, should enable us to continue capitalizing on growth in interactive entertainment consumption worldwide."

Kotick also referred to Activision's expected future merger with Vivendi Games and noted that "We are on track to complete our transaction, which will create the world's largest and most profitable independent video game company."