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What happened 

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) jumped 10.9% in November according to data provided by S&P Global Market Intelligence as earnings gave investors reason to be bullish on the stock once again. 

So what 

Fiscal second quarter 2017 revenue was up 21% to $420.2 million and non-GAAP net income fell from $56.2 million a year ago to $50.7 million, or $0.45 per share. That easily topped the $0.30 analysts were projecting, and management now expects earnings of $2.00 to $2.25 per share, easily topping the $1.71 per share Wall Street estimate.

Big name games like NBA 2K16, Grand Theft Auto V, and BioShock are still the drivers of revenue, and they're having a very good year. The resulting windfall is going to have a big impact on the bottom line, which investors weren't expecting. 

Now what 

Take-Two Interactive is trying to move more of its business to the digital marketplace, where revenues can be a bit more recurring than the previous one-time model driven by game purchases. The digital business grew 14% to $230.8 million last quarter, and management said 56% of that was recurring in nature. And that may be the most bullish sign for the company long-term. 

I wouldn't get too wrapped up in a single quarter or two, but the company is moving in the right direction, and that's a big positive. At 24 times the bottom end of this year's earnings and plenty of growth on the horizon, the future still looks bright for Take-Two Interactive.