Take-Two Interactive Software has recently discussed their first quarter financials with the public over a conference call. The company’s report states that it has a net revenue of $240.4 million during the first quarter and attributes these impressive revenue figures to the sales of big name games such as BioShock, Carnival Games, NBA 2k8, and the Grand Theft Auto series. The company does recognize that the first quarter posted a net loss of 38 million or $0.52 a share.

Also to note with the release is the announcement that Take-Two has acquired Illusion Softworks, the makers of many franchises, most notably, Mafia. The studio received a name change, 2k Czech and their first project is to make Mafia II for consoles such as the Xbox 360 and the Playstation 3.

Some good news to BioShock fans include the fact that 2k Marin is already working on BioShock 2 and is planning to release it during the fourth quarter of 2009. They also announced that Carnival Games: Mini-Golf will be developed exclusively for the Nintendo Wii.

“We are pleased with Take-Two’s stronger than expected top and bottom line results for the first quarter,” states Strauss Zeinick, Chairman of Take-Two. “Our performance benefited from a diverse range of hit titles in the first quarter, and we are eagerly awaiting the release of Grand Theft Auto IV in the second quarter.”

I am sure that Zeinick is not the only one eagerly awaiting the release of Grand Theft Auto IV. One thing is for sure, Take-Two is looking pretty impressive with their sales and their library of games is expanding with solid titles that should allow for the company to keep on posting great numbers for the upcoming fiscal year.