Gemalto third quarter 2017 revenue

Oct 27, 2017 07:00 JST

Source: Gemalto NV

- Third quarter revenue at EUR 751 million, up +3.4% at constant exchange rates
- Revenue growth acceleration in Government Programs, Machine-to-Machine and Enterprise
- SIM and Payment revenue decrease in line with Company's expectations
- Second semester revenue and profit from operations outlook confirmed

AMSTERDAM, Oct 27, 2017 - (ACN Newswire) - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security today announces its revenue for the third quarter of 2017.

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                                 Main Segments      Main Activities
                                 ----------------   ----------------
Third quarter 2017       Total   Payment&  Mobile   E&P*    P&S*    Patents&
(EUR in millions)                Identity                             Others
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Revenue                   751       481     269     493     257         1
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Y-on-Y variation at 
constant exchange rates   +3%       +7%    (2%)    (2%)    +15%     +108%
Y-on-Y variation at 
historical exchange rates   =
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*E&P: Embedded software & Products
*P&S: Platforms & Services

Philippe Vallee, Chief Executive Officer, commented: "Gemalto posted revenue growth in the third quarter of 2017. The integration of the recently acquired Identity Management Business is progressing well, and contributed to the strong performance of Government Programs. Machine-to-Machine also grew double-digits and the Data Protection business line posted a sharp increase in Enterprise. On the other hand, the SIM market remains under pressure and US EMV continues its slow normalization process. We remain fully focused on delivering on our outlook in the fourth quarter.

Throughout the year we have progressively evolved our organization in order to better accompany our customers in their digital transformation and align the Company's resources with its long term vision which will be shared at our Strategy Day in March 2018. The plan will take the full measure of the changes in our historical markets and will focus on leveraging our unique set of core technologies."

Full Document download: http://bit.ly/2i8dzfS

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2016 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

From secure software to biometrics and encryption, our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 15,000+ employees operate out of 112 offices, 43 personalization and data centers, and 30 research and software development centers located in 48 countries.

For more information visit www.gemalto.com, or follow @gemalto on Twitter.

Investor Relations
Jean-Claude Deturche
M.: +33 6 2399 2141
jean-claude.deturche@gemalto.com

Sebastien Liagre
M.: +33 6 1751 4467
sebastien.liagre@gemalto.com

Winston Yeo
M.: +33 6 2947 0814
winston.yeo@gemalto.com

Corporate Communication
Isabelle Marand
M.: +33 6 1489 1817
isabelle.marand@gemalto.com

Media Relations Agency
Suzanne Bakker
M.: +31 6 1136 8659
suzanne.bakker@citigateff.nl

Source: Gemalto NV
Sectors: Cloud & Enterprise, CyberSecurity