- Revenue increases to € 390 million
- Software and services drive growth in Mobile Communication
- Product mix improves in Secure Transactions
- Double digit growth in the Security segment
All figures presented in this press release are unaudited.
AMSTERDAM--(BUSINESS WIRE)--Regulatory News:
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announced its revenue for the first quarter of 2010.
| Mobile Communication | Secure Transactions | Security | Others | Total Gemalto 2010 | Total Gemalto 2009 | |||||||
| First quarter revenue | 211 M€ | 95 M€ | 68 M€ | 16 M€ | 390 M€ | 367 M€ | ||||||
Year-on-year variations at historical exchange rates | + 10% | ( 4%) | + 13% | + 2% | + 6% | - | ||||||
Olivier Piou, Chief Executive Officer, commented: “This quarter confirms the positive signs we began to see towards the end of last year. Significant expansion in our mobile software and services activities, robust growth in high-end and contactless payment card deployments, and strong performance in Security all reinforce our market leadership. New economies remain active and we are now seeing indications of a gradual recovery in demand from the developed markets.”
First quarter 2010
All variations in this section are comparing the first quarter 2010 revenue to the first quarter 2009 revenue at constant exchange rates. The financial reporting from one of our joint ventures is not available for Q1 2010 due to legal disputes with the partner. Revenue from this joint venture in Q1 2009 was €7 million in Secure Transactions and €4 million in Security. For a better understanding of Gemalto’s year-on-year business evolution the variations at constant exchange rates have been calculated by excluding this joint venture contribution from 2009 revenues.
Total revenue for the first quarter of 2010 was € 390 million, an increase of 8% over 2009 at constant exchange rates. All segments posted revenue expansion.
| Mobile Communication | Secure Transactions | Security | Others | Total Gemalto 2010 | Total Gemalto 2009 | |||||||
| First quarter revenue | 211 M€ | 95 M€ | 68 M€ | 16 M€ | 390 M€ | 367 M€ | ||||||
| Year-on-year variations at constant exchange rates | + 9% | + 1% | + 21% | + 1% | + 8% | - |
Segment information
