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Bally Technologies' CEO Discusses F2Q12 Results - Earnings Call Transcript

Bally Technologies, Inc. ( BYI)

F2Q12 Earnings Call

February 1, 2012 4:30 p.m. ET

Executives

Richard Haddrill - Chief Executive Officer
Neil Davidson - Chief Financial Officer
Ramesh Srinivasan - President and Chief Operating Officer

Analysts

Todd Eilers - Roth Capital Partners

John Moraz - JP Morgan

Darnel Bentz – Keybanc

Kelly [Libo] - Deutsche Bank

Ryan Worst – Brean Murray
Barry Jonas - Wells Fargo

Bill Lerner - Union Gaming


Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Second Quarter Fiscal 2012 Bally Technologies Conference Call. (Operator instructions) As a reminder, this conference is being recorded for replay purposes.

At this time, I would like to turn the call over to Mr. Richard Haddrill, Chief Executive Officer. Please proceed, sir.

Richard Haddrill

Well, thank you and welcome, everyone, to Bally Technologies' second quarter fiscal 2012 earnings call. Today's results mark the fourth consecutive quarter of year-over-year revenue and earnings per share growth. And the second consecutive quarter that we raised the bottom end of our guidance range.

This quarter all three of our businesses increased revenue. Recurring revenue increased to 57% of total revenue supporting improved visibility. We have set revenue records in each of the last four quarters for gaming operations driven by significant investments we have made in our game development studios over the past few years.

These investments combined with key platform and hardware innovations are starting to pay off in our gaming equipment sales as we believe we eclipsed 20% ship share in the quarter. We're also doing well on new openings with Revel in Atlantic City allocating over 20% of the floor to Bally products.

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