Boston, MA 04/25/2014 (wallstreetpr) – One of the largest growing companies in the gaming sector, International Game Technology (NYSE:IGT) that is committed to delivering the best casino style gaming equipments and content for games operating in the land based and online markets across the globe. The second quarter witnessed execution of multiple strategies and delivery of advanced products and services as per the demands of the consumers. However after the release of the 2Q2014 results, the company is revamping its strategy to remove the glitches and have a smooth go towards development and excellence.
2Q2014 Results
International Game Technology (NYSE:IGT) recently announced its results for fiscal earnings. It did not turn out to be as expected by the company. IGT registered revenues that decreased to $512.8 million, product sales & gaming operations decreased 27.4% and 9.4% as compared to last year, respectively. However, to some relief the Interactive segment reported growth of 19.4% in the second quarter. Social revenues also gained and increased 26.7% that managed to offset the decline in revenues.
The second quarter witnessed the shipping of 7.6k machines as compared to the previous year. International Game Technology (NYSE:IGT) registered a downfall in the net income with $49.4 million as compared to $95.1 million in the year-ago quarter.
Conference Call
The Conference call to discuss the financial earnings took place on April 22, 2014 at 5:00 pm Eastern.
Progressive steps towards development
The leader in the gaming entertainment industry, International Game Technology (NYSE:IGT) that is true to its legacy of “industry-firsts” is heading strong to implement the same. The recent step towards connecting casino properties in Deadwood, South Dakota and New Jersey in the commercial inter-jurisdictional wide area with Progressive-Powerbucks™ is the biggest evidence of the company’s legacy. Powerbucks is most desirable among fans as it is designed for awarding huge and life-changing jackpots at any betting level. Linking with Powerbucks came as an exciting set up for both the industry and the customers.
