During Thursday’s Morning trade, Shares of Scientific Games Corp (NASDAQ:SGMS), lost -0.77% to $9.01.
Scientific Games Corporation, declared that it has signed a contract with the West Virginia Lottery to supply the Company’s latest Central Monitoring and Control System, Connexus™. The new system will monitor about 14,000 gaming machines in more than 1,350 licensed Limited Video Lottery locations and five casinos throughout the State of West Virginia. This technically sophisticated, next-generation system will replace Scientific Games’ AEGIS™ video system and provide real-time monitoring of security events and financial meters and verify that only properly certified software is running on all gaming machines connected to the system.
John Myers, Acting Director of the West Virginia Lottery, said, “After a thorough and competitive procurement process, the selection of Scientific Games and their Connexus system allows us to provide both our licensed retailers and casinos with a modern monitoring and accounting platform that we feel confident will meet the current and future needs of our stakeholders.”
Scientific Games is recognized for its innovation, leading entertainment products and global security. In addition to Connexus, the Company’s comprehensive portfolio comprises gaming machines, game content and systems; table games products and shufflers, instant and draw-based lottery games, in addition to server-based lottery and gaming systems; sports betting technology; player loyalty and rewards programs; and interactive content and services.
Scientific Games Corporation develops technology-based products and services, and associated content for the gaming and lottery industries worldwide. The company operates through three segments: Gaming, Lottery, and Interactive.
Shares of Janus Capital Group Inc (NYSE:JNS), declined -0.73% to $15.03, during its current trading session.
Janus Capital Group, declared that Janus Fundamental Fixed Income CIO Gibson Smith has decided to leave Janus on March 31, 2016, to step back from the business and spend more time with his family. Janus is promoting members of the existing Fundamental Fixed Income team to leadership roles. Darrell Watters will become Head of U.S. Domestic Fundamental Fixed Income and Chris Diaz will become Head of Global Fundamental Fixed Income.
Darrell joined Janus in 1993 and was most recently a portfolio manager on the Janus Flexible Bond Fund, Janus Global Bond Fund, Janus High-Yield Fund, Janus Real Return Fund and Janus Short-Term Bond Fund. Priority to joining Janus, Darrell was a municipal bond trader at Piper Jaffray. Chris joined Janus in 2011 and was most recently Head of Global Rates and lead portfolio manager of the Janus Global Multi-Sector strategy and related portfolios. Priority to joining Janus, Chris was head of the global rates group at ING Investment Administration.
“We are excited to promote Darrell and Chris to leadership positions,” said Dick Weil, Janus Chief Executive Officer. “Both Darrell and Chris have been instrumental in building the foundation of the successful 35-member Fundamental Fixed Income team that has delivered excellent risk-adjusted returns and capital preservation for clients.”
Janus Capital Group, Inc. is a publicly owned asset administration holding company with about $167.7 billion in assets under administration. It also provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients. The firm primarily provides its services to investment companies, retail investors, institutions, and individuals.
Finally, Shares of Guide wire Software Inc (NYSE:GWRE), gained 0.67%, and is now trading at $60.15.
Guide wire Software, declared its financial results for the fiscal quarter ended October 31, 2015.
First Quarter Fiscal 2016 Financial Highlights
Revenue
License revenue for the first quarter of fiscal 2016 was $32.3 million, an improvement of 12% from the first quarter of fiscal 2015. Term license revenue for the first quarter of fiscal 2015 benefited from a pre-existing contract that had reached revenue recognition milestones. Not Taking Into Account this impact, term license revenue in the first quarter would have raised 19% from the comparable period in fiscal 2015. Maintenance revenue was $14.0 million, an improvement of 12% and services revenue was $35.9 million, a decrease of 6%. Total revenue was $82.3 million, an improvement of 3% from the same period in fiscal 2015.
Rolling four-quarter recurring term license and maintenance revenue was $224.7 million, an improvement of 15% contrast to the same period in fiscal 2015.
Profitability
The GAAP operating loss was $9.0 million for the first quarter of fiscal 2016, contrast with an operating loss of $3.6 million in the comparable period in fiscal 2015.
Non-GAAP operating income was $6.5 million for the first quarter of fiscal 2016, contrast with $8.7 million in the comparable period in fiscal 2015.
The GAAP net loss was $1.6 million for the first quarter of fiscal 2016, contrast with a net loss of $3.0 million for the comparable period in fiscal 2015. GAAP net loss per share was $0.02, based on diluted weighted average shares outstanding of 71.2 million, contrast with a net loss of $0.04 per share for the comparable period in fiscal 2015, based on diluted weighted average shares outstanding of 69.3 million.
Non-GAAP net income was $4.8 million for the first quarter of fiscal 2016, contrast with $5.7 million in the comparable period in fiscal 2015. Non-GAAP net income per diluted share was $0.07, based on diluted weighted average shares outstanding of 72.9 million, contrast with $0.08 in the comparable period in fiscal 2015, based on diluted weighted average shares outstanding of 71.6 million.
Balance Sheet
The Company had $663.6 million in cash, cash equivalents and investments at October 31, 2015, contrast with $677.8 million at July 31, 2015. The Company used $10.9 million in cash for operations in the first quarter of fiscal 2016, reflecting normal seasonal patterns.
Guide wire Software, Inc. provides software products for property and casualty (P&C) insurers. It offers a technology platform supports core insurance operations, counting underwriting and policy administration, claim administration, and billing.