GTECH profit, revenue decline for fourth consecutive quarter

GTECH S.p.A. reported a 9 percent decline in second-quarter profit compared with the same period last year, a drop CEO Marco Sala said was the result of
GTECH S.p.A. reported a 9 percent decline in second-quarter profit compared with the same period last year, a drop CEO Marco Sala said was the result of "comparison with a very good second quarter last year." / PBN FILE PHOTO
PROVIDENCE – GTECH S.p.A. on Thursday reported second-quarter net income of 65.6 million euros ($89.9 million based on the exchange rate of $1.37 per euro on June 30), a 9 percent decline compared with the €72.1 million ($98.8 million) income for the same period last year. GTECH’s revenue also dropped in the second quarter, falling…

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