Gemalto anticipates double digit growth with 9 percent increase in revenue

Infotech Lead Europe: Provider of digital security solutions Gemalto reported an increase of 9 percent in quarterly revenues.

Company officials said it was on track to achieve its goal of double-digit growth over the year.

Secure transactions and security accounted for 45 percent of group revenue in the period. The turnover from the mobile communications division increased by 4 percent from EUR 235.2 million in the first quarter of 2012.

Revenue from mobile platforms and services have increased by 33 percent to EUR 52 million, mainly boosted by LTE subscription management and the acceleration of mobile payment and trusted service management projects. It formed 22 percent of the segment revenue.

The company’s M2M segment increased its revenue by 3 percent to EUR 45 million, as strong demand in the Americas compensating for slow activity in Western Europe.

Gemalto’s revenue in embedded software & products increased mainly due to new countries migrating to EMV technology with entry-range products. Revenue in Security grew by 21 percent backed by growth in both Government Programs and Identity & Access Management.

Gemalto was selected by MCX, a United States based group of leading merchants, to provide a mobile commerce platform. ItsvLinqUs Mobile Wallet software services integrate a range of NFC services, mobile banking, mobile payment and loyalty programs in a single wallet.

The company has signed a new contract for TSM services and NFC UICC across the three regions with China Unicom, KDDI in Japan, Telus in Canada, and SIA in Italy.

Gemalto recently extended its portfolio of cloud services for mobile network operators by launching a private file storage and sharing application dubbed ‘LinqUs CloudnShare’. The service enables mobile network operators to launch their own fully branded over-the-top application or complement their existing cloud backup services in the personal cloud market.

Earlier this month, Gemalto signed a deal to supply its Sealys eCover for ePassports to Taiwan’s national printer, the Central Engraving and Printing Plant (CEPP).

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