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GTECH ANNOUNCES SECOND QUARTER AND SIX MONTH OPERATING RESULTS

 GTECH ANNOUNCES SECOND QUARTER AND SIX MONTH OPERATING RESULTS
 WEST GREENWICH, R.I., Sept. 24 /PRNewswire/ -- GTECH (NYSE: GTK) today reported that revenues for the second quarter of fiscal 1993, which ended Aug. 29, 1992 were $116.3 million. This represents a $38.3 million, or 49.1 percent, increase over revenues of $78 million for the second quarter of fiscal 1992.
 Income for the second quarter of fiscal 1993, before extraordinary charges related to the early retirement of debt, was $9.2 million, or 23 cents per share, compared to $6.6 million or 18 cents per share for the quarter a year ago. Pro-forma net income reflecting the company's initial public offering was $11.1 million, or 25 cents per share, for the second quarter of fiscal 1993, compared with $8.8 million, or 21 cents per share, for the second quarter of fiscal 1992.
 Revenues for the first half of fiscal 1993 were $236.8 million which represents an $80.4 million, or 51.4 percent increase over revenues of $156.4 million in the first half of fiscal 1992.
 For the first six months of fiscal 1993, income before extraordinary charges related to the early retirement of debt and a change in accounting for income taxes was $22.1 million, or 57 cents per share, compared with income of $10.1 million, or 28 cents per share for the comparable period in fiscal 1992. Pro-forma net income reflecting the company's initial public offering was $26.0 million, or 60 cents per share, compared with $14.3 million, or 34 cents per share, for the same six month period in fiscal 1992.
 GTECH Corporation designs, produces, implements, operates and services computerized networks for government-sponsored or licensed lotteries on six continents. In addition, GTECH Corporation provides a wide variety of instant ticket support services. GTECH currently supplies and/or operates lottery systems for 25 U.S. customers and 32 jurisdictions outside of the United States.
 GTECH Corporation employs approximately 1,000 people in Rhode Island and more than 2,900 worldwide.
 GTECH HOLDINGS CORPORATION AND SUBSIDIARIES
 Condensed Consolidated Statement of Operations
 (Dollars in millions except per share amounts)
 Three Months Ended Six Months Ended
 Aug. 24, Aug. 29 Aug. 24 Aug. 29
 1991 1992 1991 1992
 Revenues $78.0 $116.3 $156.4 $236.8
 Income before extraordinary
 charges and cumulative
 effect of accounting change 6.6 9.2 10.1 22.1
 Net income (loss) 5.5 (10.6) 7.8 3.3
 Proforma net income 8.8 11.1 14.3 26.0
 Proforma earnings per common
 share 0.21 0.25 0.34 0.6
 -0- 9/24/92
 /CONTACT: Craig Watson of GTECH, 401-392-1000/
 (GTK) CO: GTECH, Inc. ST: Rhode Island IN: SU: ERN


TM -- NE005 -- 2969 09/24/92 09:47 EDT
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Publication:PR Newswire
Date:Sep 24, 1992
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