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Take-Two Report Q2 Results

Take-Two Interactive Software, today announced record financial results for its second quarter and six months ended April 30, 2003.

Net sales for the second quarter ended April 30, 2003 were $194.2 million, a 14% increase over $170.3 million for the same period a year ago. Net income of $15.2 million represented an increase of 58% compared to $9.6 million last year, with diluted net income per share of $0.36, a 44% increase over $0.25 last year.

Net sales for the six months ended April 30, 2003 were $603.0 million, a 33% increase over $453.3 million for the same period a year ago. Net income of $65.7 million represented an increase of 48% compared to $44.5 million in the comparable period last year, with diluted net income per share of $1.55, compared to $1.16, an increase of 34%.

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