Dubai, October 26, 2014 – Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security today announces its revenue for the third quarter of 2014.
– Revenue growth increased to +6% at constant rates, with Payment growing +20% on rapid EMV migration in the United States
– Platforms & Services grew +16%, with +45% in Mobile Financial Services
– Mobile was marked by first deliveries of multitenant cards for NFC payment and transport in China, new launches of NFC services in Europe, and strongly rising demand for embedded secure elements
Olivier Piou, Chief Executive Officer, commented: “This quarter EMV revenue in the US tripled and Asia grew +18%. We also seized the opportunity to accelerate our growth in the cloud and enterprise security market, with the acquisition of SafeNet. Embedded security in connected devices is proliferating, fuelling the opportunities outlined in our multi-year development plan. Looking ahead, the business case for secure elements to protect mobile and online payment transactions has been considerably strengthened during the quarter, and the ecosystem is clearly converging towards NFC for convenient proximity interactions. These developments mark a major step forward after a year of confusion, and they increase the markets we can serve with our well recognized technologies and experience. Gemalto’s pace of growth accelerated during the third quarter, putting us on track to deliver on our outlook for 2014 and we remain confident in delivering on our 2017 objectives.”
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2013 annual revenues of €2.4 billion and more than 12,000 employees operating out of 85 offices and 25 research and software development centers, located in 44 countries.
We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. Gemalto delivers on their expanding needs for personal mobile services, payment security, authenticated cloud access, identity and privacy protection, eHealthcare and eGovernment efficiency, convenient ticketing and dependable machine-to-machine (M2M) applications. We develop secure embedded software and secure products which we design and personalize. Our platforms and services manage these products, the confidential data they contain and the trusted end-user services made possible.
Our innovations enable our clients to offer trusted and convenient digital services to billions of individuals. Gemalto thrives with the growing number of people using its solutions to interact with the digital and wireless world.
For more information visit www.gemalto.com