Barnes & Noble has released its results for the fiscal year ending April 28th 2012, and there are some mixed messages hidden among the headline figures: the company’s overall revenues are up 2% to $7.1bn, and Nook revenues are up 34.3%; however, the company still made an overall loss of $68.9m. Click here for the full press release.
Nook content sales (i.e. ebooks) were up 119% for the year, suggesting that Barnes & Noble remains ontrack to make the Nook a strong alterantive to Amazon’s Kindle. CEO William Lynch says that the company is focused on growing its current offerings, and it would seem that the Nook and the ebook market are becoming more and more central to their plans for the future.
Frustratingly, the press release contained no new information about the relationship with Microsoft. The latter has just unveiled its new Surface tablet, but it’s not yet clear where the two companies expect to benefit from the synergies they hope to exploit. Analysts might well want to wait for more information on this ‘Newco’ project before making any final judgements about Barnes & Noble’s prospects.