Cryptologic software delights its shareholders with impressive results

Q2 2011 financial figures of online casino software company Cryptologic have been published, revealing improvement from last year.

Cryptologic is one of the oldest online casino software providers. Its games library consists of around 300 highly entertaining online casino games. A long list of online casinos has chosen Cryptologic as their main supplier.

Financial figures for Q2 include:

• Total revenue increased by $1 million to $7.0 million (Q1 2011: $6.0 million)
• Total expenses were $6.5 million (Q1 2011: $6.5 million)
• Income before tax amounted to $0.5 million (Q1 2011: $0.4 million loss)
• Millionaires Club jackpot win of $4.2 million paid in June 2011
• Cash on hand was $12.0 million (Q1 2011: $14.5 million)

The board of directors was delighted by the performance in the quarter and continues to focus on increasing revenues further while managing expenses to enhance shareholder value.

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