Electronic Arts is number 494 on Fortune 500

By Stephany Nunneley
27 April 2010 20:55 GMT

fortune 500Electronic Arts has been listed as one of the top companies in the US by Fortune Magazine.

Landing at number 494 on the prestigious Fortune 500 list, it is estimated that the company is worth $6.2 billion.

Previously ranked at 590 due to restructuring, and lower than expected quarterly financials over the past year or so, analysts believe that all the changes and cost cutting maneuvers will benefit the company in 2010.

“We see evidence that the company is not doing the same things over and over again: lower headcount, fewer facilities, fewer games, and a growing digital business,” offered Michael Pachter, who believes that EA is being conservative in its estimates for the financial year’s end.

“This time, we think that EA is on the right path.”

EA has said in the past that it plans to release fewer third-party games so that it can focus more on internal titles – which you can add Respawn to that bit of the mix now as well.

Good show straightening out then, we say.

Via Gamasutra.

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