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IGT’s positive results for the 4th quarter

International Game Technology, known as IGT, an iGaming designer and manufacturer of gaming equipment announced that they had experienced a 13% increase in total revenues to $539.8 million when compared to last year in their recently released financial results for the 4th quarter of 2011.

The operating returns for the 4th quarter for IGT rose by 17% to $115.8 million over last year’s figure, while IGT’s net income swelled by 168% to $53.4 million when compared to the same period last year.

IGT also revealed that their total revenues rose by just over 2% to $1.957 billion over last year’s result and their operating income increased by 19% to $504.9 million when compared to last year.

The full net income for IGT increased by 52% to $283.6 million when compared to last year while the adjusted earnings before interest, tax, depreciation and amortisation for the 4th quarter rose by 2.7% to $782.2 million.

Patti Hart, IGT’s Chief Executive Officer stated that “in fiscal year 2011 we grew revenue, leveraged our gaming operations, improved margins, positioned the international business for growth and increased our interactive presence.”

“We delivered strong financial results and held true to the commitments we made to our shareholders by directing our resources towards the highest returning opportunities. We are focused on improving all aspects of our business with the expected outcome of improved returns to our shareholders in fiscal year 2012.”

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