Revenues climb at Gemalto

Gemalto has announced revenues of 1.5 billion euros for the first semester of 2015, up 20% at constant exchange rates. Profit from operations was 160 million euros, up 33% on the first semester of 2014.The company's Payment & Identity division was the largest contributor to company revenue and profit from operations. It accounted for 56% of Gemalto's revenue and 49% of its profit from operations compared to 47% and 44%, respectively, in the same period last year. The division's revenue hit 840 million euros, a 43% increase on 2014's figure.Revenue from Gemalto's Government Programs business was 175 million euros, up 17% on the first semester of 2014, of which 14 million euros came from Trüb, a Swiss provider of identification solutions for governments and banks acquired during the period. Sales were also boosted by the firm starting delivery on a number of projects and clearing backlogs.During the semester, Gemalto's Government Programs business launched its ultra-thin ePassport inlay and cover. It also securely combined eID cards and NFC phones. Plus, it was selected by California Department of Motor Vehicles (DMV) to provide its Coesys Document Verification software solution."The strong first semester revenue growth illustrated the structural transformation and successful diversification of the company," says Olivier Piou, chief executive officer, Gemalto. "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."For 2015, Gemalto says it anticipates another year of double digit growth in its profit from operations. Accelerating pace in Payment, Machine-to-Machine, Enterprise and Government Programmes will support the company's plans to achieve profits of more than 660 million euros in 2017.

Also in the news:

India airport to use Aadhaar-linked biometric entry Airpass certified by Visa and Mastercard Svenska Spel opts for Safran