Nintendo has been struggling for the longest time, with the lackluster launch of its Wii U console and its dwindling sales of the Nintendo 3DS handheld system. Even though it hasn’t completely bounced back from that, it has showed signs of a turnaround – and that certainly beats no good news at all.

The company has reported that hardware has begun “gathering momentum” in the first half of the fiscal year, with a reported 600,000 Wii U units sold during the second quarter alone, according to GamesIndustry International.

In that time frame, ending September 30, Nintendo has earned a net profit of $131.5 million (14.2 billion yen), a huge leap over the much smaller amount from the year before (.6 billion yen). In addition, $1.6 billion in revenue has been reported, a 12.8 percent increase year-over-year.

As far as the Wii U is concerned, the system has sold 1.12 million units, over double the amount from the year before, and new releases like Mario Kart 8 and Hyrule Warriors have provided “steady sales” in terms of putting more systems in homes.

The 3DS has been moderate with its success, with 1.27 million units sold over the second quarter, a rise above the 820,00 units sold in the first. That’s not a gigantic improvement, but still shows steadiness. Software, meanwhile, has sold 14.73 million units, with Super Smash Bros. leading the charge with 3.2 million copies sold worldwide.

The holiday season is looking very good for the company on all fronts. The launch of its Amiibo interactive toy line-up next month is looking very promising; Pokemon Omega Sapphire and Ruby are set to launch right before the Thanksgiving holiday; and Bayonetta 2 (out now) and Super Smash Bros. (due November 21) could bring in even more Wii U owners. With that, Nintendo expects to earn $5.5 billion (590 billion yen) in revenue and $1.6 billion (169 billion yen) by year’s end.

This could very well be a sign that Nintendo is ready to get back to a profitable position in the gaming business. Good news, indeed.