Gemalto reports first quarter revenue rise

Source: Gemalto

Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announced its revenue for the first quarter of 2011.

  • Revenue increases by +17% to € 444 million
  • +27% revenue growth in Secure Transactions
  • Continued software and services growth in Mobile Communication
  • Record contract bookings in Security

Olivier Piou, Chief Executive Officer, commented: "Gemalto recorded another quarter of solid revenue expansion, in line with its expectations. Secure Transactions continued to outperform, as chip-and-PIN and high-end contactless payment solutions deploy worldwide. Near Field Communication mobile payment generates considerable interest and our current investments have already led to key service contract wins. Together with record level of bookings in Security, this reinforces our strategic positioning and long-term growth prospects."

Read the full statement here:

 

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