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IGT Releases Impressive Second Quarter Results

U.S. based internet betting giant International Game Technology has released its second quarter 2013 financial results, noting an increase in many key areas.

Key financial indicators for the period ending March 31st, 2013 were:

  • General revenues were $600 million for the quarter, up 11% from the same period last year. North American sales accounted for 25% of that total.

  • Earnings per share were up 33% to $0.36 per share.

  • Adjusted operating income was up to $164 million which is an increase of 13%.

  • Gross margin was 62%, up 1% from the same period last year.

  • Interactive gaming revenues had a massive increase as they amounted to $66.7 million. This is up 94% compared to the same period last year.

  • Social gaming generated $54.3 million, up 155% from the second quarter of 2012.

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