Digital Growth is On-Point for Aristocrat for the Last 12 Months
Aristocrat is not only making its presence known in the gambling industry with its acquisition news, but is making its presence known for its significant growth for the last year. Aristocrat Leisure reported an increase in performance for its digital sector of the company for the time period ending September 30th. Being the main reason for the growth, Aristocrat’s revenues for the full year had attributions to the final figures as well.
An increase in revenues of 15.3% was obtained leading the gaming company to a $1.89 billion lead over the previous year.
Chief Executive and Managing Director, Trevor Croker said, “Aristocrat delivered high quality results over the 2017 fiscal year, against a backdrop of mostly flat markets and increasing competitive pressure. Industry leading content, hardware and technology, coupled with effective execution focused on our highest value opportunities once again underpinned our performance. Further growth in our core recurring revenue segments of gaming operations and digital social casino was particularly pleasing, with 52% of group revenues deriving from recurring sources during the year as well as growth in outright sales over the period.”
Croker finished with, “This represents further progress in ensuring Aristocrat delivers sustainable returns and cashflow over time, consistent with our strategy and shareholders’ interests.”