GEC NEWS WIRERevenue of €1.5 billion is up +32%
Gemalto has revealed the results for the first semester 2015.
Revenue of €1.5 billion is up +32% at historical exchange rates and +20% at constant exchange rates. Revenue growth in Payment +22%, Machine-to-Machine +23%, and Government Programs +17%, at constant exchange rates, largely exceeds lower SIM products and related services revenue. Profit from operations of €160 million is up +33%
Olivier Piou, Chief Executive Officer, commented: “The strong first semester revenue growth illustrated the structural transformation and successful diversification of the Company. Our flexibility enabled us to allocate more internal resources and external investments to support the faster growing businesses. Payment, Government and Machine-to-Machine are now three significant and very active growth engines, and Enterprise is reinforced by SafeNet which is currently being integrated into our portfolio. We are progressively unlocking operating leverage in those rapidly growing businesses, en route to the upgraded objectives of our 2017 multi-year development plan.”
