Gemalto reports third quarter 2011 revenue with +36% year-on-year growth in M2M.
- Revenue of main segments¹ up by 7% at constant exchange rates.
- Secure Transactions grows by 22%
- Strong NFC and LTE Software & Services developments in Mobile Communication
- Objectives for 2011 confirmed
Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security recently announced its revenue for the third quarter of 2011.
Gemalto Revenue for Ongoing Operations
|Gemalto Ongoing operations||Mobile Comm.||M2M²||Secure Transactions||Security||Total four main segments|
|Revenue||234 M€||43 M€||139 M€||74 M€||490 M€|
|Year-on-year variations at constant exchange rates||(3%)||+36%||+22%||+7%||+7%|
Olivier Piou, Chief Executive Officer, commented:
“Gemalto recorded another quarter of solid revenue expansion. The Secure Transactions business continued to perform particularly well. In Mobile Communication, software and services were very active and we currently have more than twenty LTE and NFC mobile contactless projects in preparation for commercial deployment. As a result, Gemalto confirms its financial objectives for 2011.
In the longer run, the US market has started this quarter to send strong signs of future migration to EMV. This further reinforces our strategic positioning and long-term growth prospects.”
2 The Machine-to-Machine segment includes mainly the activity of Cinterion, which was acquired in July 2010 and consolidated as of August 1st 2010, i.e. for two months of the Q3 2010 reporting period.
|€ in millions||Q3 2011||Q3 2010²|
|Year-on-year variation at constant exchange rates||+36%|
The Machine-to-Machine segment posted revenue of €43.1 million this quarter.
Investment in new products and services and marketing efforts to support Gemalto’s newly integrated offerings are being deployed.