IGT REPORTS RECORD FISCAL YEAR

November 08, 2001 1:15 AM
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IGT reported record net income for its fiscal year 2001 of $214 million or $2.80 per diluted share, compared to $138.4 million or $1.77 per diluted share for the prior year.

For the fourth quarter ended Sept. 29, IGT posted a net income of $55.5 million, compared to $49.2 million reported last year.

"Higher revenues and improved margins produced a remarkable fiscal year 2001," said Thomas Baker, IGT CEO. "We were able to achieve these results because of better games and new technology — particularly our EX Pay ticket-in, ticket-out solution."