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Borderlands 2 helps drive Take-Two's 155 percent jump in net revenue

Strong sales of Borderlands 2, Grand Theft Auto 4 and Red Dead Redemption helped drive Take-Two's net revenue to more than $273 million for its second quarter, which ended Sept. 30.

Also, downloadable content more than doubled compared to the same period last year, according to the report.

"Take-Two's second quarter revenue and earnings exceeded our outlook, driven by the breakout success of 2K's Borderlands 2 and robust demand for our catalog and digitally delivered offerings," Strauss Zelnick, Chairman and CEO of Take-Two, said in a prepared statement. "Our business continues to fire on all cylinders, led by terrific early results from 2K's NBA 2K13, and the outlook for our upcoming releases such as BioShock Infinite is stronger than ever. As a result, we continue to expect to deliver revenue growth and Non-GAAP profits in fiscal year 2013. Moreover, with Grand Theft Auto 5 slated for spring 2013, we are poised to generate substantial revenue and earnings growth in fiscal year 2014."

The report comes a day after the publisher confirmed early rumblings that Grand Theft Auto 5 would be coming to the PlayStation 3 and Xbox 360.

The company was set to hold its quarterly earnings call yesterday, but that was forestalled by "catastrophic weather" which knocked power out in much of New York City and caused widespread damage along the East Coast.

Take-Two plans to host their earnings call later today to discuss the quarter and what the future holds for the company.

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