Bally Technologies, Inc, a leading global gaming technology supplier, has announced record diluted earnings per share of USD0.53 on revenue of USD196 million for the three months ended 30th September 2009.
The company continued the previous quarter’s trend of building margin. Operating margin in first quarter fiscal 2010 improved to a record 26 percent from 23 percent in the equivalent period last year.
That margin was driven in part by a 15 percent quarter-on-quarter increase in revenues from the high value systems segment. Gaming operations revenues reached USD71 million during the reporting period.
“Despite the challenging economy, our strong product portfolio and diversified
business model drove yet another very profitable quarter,” said Richard M.
Haddrill, the company`s Chief Executive Officer, in a prepared statement.
The company said its success in building recurring revenues was an important factor in sustaining success. They amounted to 51 percent of all revenues, versus 40 percent in the same period last year.
The company also strengthened its balance sheet in the first quarter, reducing debt by USD6 million, repurchasing USD15 million of its stock and increasing its cash balances by USD20 million.
