AMSTERDAM--(Business Wire)--
Regulatory News:
* Revenue at € 401 million
* Robust activity in Middle East and Africa, lagging demand in the Americas
* Further wins in mobile service contracts and governmental projects
* Strong € 59m net cash increase before acquisitions. Net cash position
increases to € 347 million
Third quarter 2009
Total revenue for Q3 2009 was € 401 million, lower than Q3 2008 by 5% at constant exchange rates and by 4% at historical exchange rates. Revenue for the first nine months of the year was € 1 201 million, essentially unchanged when
compared with the previous year. Demand this quarter was softer in the Americas when compared to last year, and Identity and Access Management activity in Europe contracted as enterprises postponed projects. Gemalto confirmed its
leadership in Government Programs, winning two large-scale national projects, and continued to record additional wins in mobile communication service contracts.
Gemalto further strengthened its net cash position, with € 59 million of net cash generated during this quarter.
€ 35 million were used for acquisitions, € 19 million used for the share buy-back program and € 20 million received from the exercise of options by employees. As a result, the Company`s net cash position was € 347 million at the end of the third quarter 2009
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