IGT Q1 revenue up 4% to $1.1bn

IGT has reported revenue of $1.1bn for Q1 2022, up a modest 4% on the prior-year period.   The supplier attributes its increased revenue to significantly higher product sales, which means this quarter’s revenue and profit aligned with "historic peak levels."  The supplier has also posted an operating income of $252m and an income margin of 24%, which exceeded the company’s outlook by 200 basis points.  Adjusted EBITD...