Gemalto announces 1Q 2013 Revenue Results

Gemalto has announced its revenue results attained in the first quarter of 2013. The report includes results from the ongoing operations for both 2012 and 2013 reporting periods, as per the IFRS income statement.

Olivier Piou, CEO, Gemalto, said, “First-quarter growth extends last year’s strong performance. The Platforms & Services activities carry on their fast development, delivering almost half of the quarter’s revenue growth. We continue to build on the long-term contracts in place and add new clients who want to secure mobile access to their services. Electronic identity programs deployed by governments modernizing their services remain on their outstanding trajectory, driving Security growth to +21%. Sales of high-end products to mobile network operators continue to expand and are expected to accelerate over the year as additional LTE and mobile payment services are launched. With this good start, we are on track to deliver on our strong 2013 outlook.”

For the period, revenue for ongoing operations was up by 9% year-on-year at constant exchange rates to €518 million, growing in all the regions. The report revealed a double-digit revenue increase representing 45% of the total company revenue in the first quarter from the Secure Transactions and Security segment.Revenue from Platforms & Services activities grew by 29%, showing double-digit expansion in all the segments represented 49% of the total revenue growth at constant rates in the first quarter.

The Mobile Communication segment posted revenue of €239 million, growing by +4%. Revenue from Platforms & Services grew by +33%, reaching €52 million and representing 22% of the segment revenue.Gemalto was recognized as a leader in Gartner’s 2013 Magic Quadrant for User Authentication.