Gemalto Announces 1Q 2013 Results

Gemalto announced its revenue for the first quarter of 2013. First quarter 2013 revenue was €518 million, up from €483 million in the first quarter of 2012. Mobile Communication revenue was €239 million (up 4%), followed by Secure Transactions (€143 million, up 13%). Security was €91 million, up 21%, and Machine-to-Machine sales were €45 million, an increase of 3%.

“First quarter growth extends last year’s strong performance,” CEO Olivier Piou said. “The Platforms & Services activity carries on its 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.”