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GTECH ANNOUNCES 1992 FISCAL YEAR RESULTS

 GTECH ANNOUNCES 1992 FISCAL YEAR RESULTS
 WEST GREENWICH, R.I., May 29 /PRNewswire/ -- GTECH Corporation today


announced results for its 1992 fiscal year which ended Feb. 29, 1992.
 Total revenues were $350.1 million as compared with $272.3 million in fiscal 1991, an increase of 28.6 percent. Earnings before depreciation, amortization, interest and taxes (EBDAIT) were $113.2 million as compared with $83.2 million for the prior year, a 36.1 percent increase. Net income grew to $18.5 million in fiscal 1992 compared with $16,000 in fiscal 1991. GTECH used $85.6 million of internally generated cash to finance the implementation of new lottery contracts and had research and development expenditures of more than $21 million.
 In commenting on the fiscal year results, Guy B. Snowden, GTECH's chairman and CEO, said, "I am very pleased with the results of our recent fiscal year. We achieved significant growth in revenues, EBDAIT earnings and net income and expanded our customer base domestically and internationally."
 GTECH Corporation designs, produces, implements, operates and services computerized networks for government-sponsored or licensed lotteries on six continents. In addition, GTECH Corproation provides a wide variety of instant ticket support services. GTECH currently supplies and/or operates lottery systems for 25 jurisdictions in the U.S. and 32 jurisdictions outside of the United States.
 GTECH COrporation employs approximately 1,000 people in Rhode Island and more than 2,700 worldwide.
 -0- 5/29/92
 /CONTACT: Craig Watson of GTECH, 401-392-1000/ CO: GTECH ST: Rhode Island IN: CPR SU: ERN


TM -- NE004 -- 5150 05/29/92 11:25 EDT
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Publication:PR Newswire
Date:May 29, 1992
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