Gemalto Grows Revenue 7% to EUR 532 Million in Q1

French smart-card maker Gemalto reported EUR 532 million from ongoing operations in the first quarter, up by 7 percent at constant exchange rates on the first quarter of 2013. Turnover was unchanged at EUR 271 million in the mobile segment and rose by 12 percent to EUR 253 million in the payment and identity segment.

By activities, embedded software and products grew by 5 percent to EUR 425 million and platform & services increased by 8 percent to EUR 99 million. CEO Olivier Piou said Gemalto’s performance varied geographically, with rapid expansion in Asia and North America and slower growth in Europe and Latin America. He cited promising market developments and contract wins, with a fast increase in EMV solutions in the US and a ramping up of mobile contactless services globally thanks to simpler, customer-focused go-to-market initiatives and high demand in the government market.

Gemalto confirmed its full-year outlook of double-digit expansion in profit from operations and revenue at constant exchange rates. It also confirmed the objectives of its multi-year development plan. 

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