Bally Technologies Inc, a leading casino technology supplier, has announced record diluted earnings per share (EPS).
The company also increased its gross margins on gaming equipment and on gaming management systems in the second quarter of its financial year.
Bally stated it had achieved diluted EPS of US$0.59 and US$1.11 on revenue of US$233 million and US$471 million for the three months and six months ended 31st December 2008, respectively.
For the second quarter of its financial year, diluted EPS increased 40% over the same period last year.
“We are very pleased to report the most profitable quarter in Bally’s history despite the challenging economy. We continue to see the benefits of our research and development spend and our commitment to executing well in all of our technology businesses,” said Richard M. Haddrill, the company’s Chief Executive Officer in a prepared statement.
The company added that game equipment gross margins improved by a record 49% from 44% last year, while gross margins on systems rose to 77% from 73% last year. Operating margin also improved to a record 25% from 20% last year.
Guidance from the company said diluted EPS for fiscal year 2009 was likely to be in the range of US$2.15 to US$2.35.
Bally Technologies supplies slot machines, video machines, casino management systems, and networking technology for the global gaming industry.
