May 22, 2014 / 8:16 PM / 4 years ago

GameStop revenue rises 7 pct due to new console demand

May 22 (Reuters) - GameStop Corp, the world’s largest retailer of videogame products, reported a 7 percent rise in quarterly revenue due to continued demand for new game consoles from Sony Corp and Microsoft Corp.

Net profit rose to $68.0 million, or 59 cents per share, in the first quarter ended May 3 from $54.6 million, or 46 cents per share, a year earlier.

The Grapevine, Texas-based company said revenue rose to $1.99 billion from $1.87 billion. (Reporting By Lehar Maan in Bangalore; Editing by Joyjeet Das)

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