Gemalto Q1 sales: EUR 390 million
Gemalto also provides figures according to a geographical split:
Gemalto considers its business has strong fundamentals and prospects. In 2010, the company focuses on growth, actively promoting its expanded product portfolio and delivering more software and services to its customers, in order to further increase profits. Olivier Piou reaffirms the company objective of EUR 300 million profit from operations in 2013.
Revenue from the traditional SIM card business was stable year on year. Volumes have increased 16%, while the ASP (average selling price) dropped by 18% year-over-year. Revenue from software and services more than doubled year on year. Increased investment in this activity, with new service offerings from both bolt-on acquisitions and organic developments as well as renewed demand from mobile network operators led to this strong performance.
Gemalto saw a return to solid revenue growth of microprocessor payment cards this quarter, with strong deliveries driven by worldwide EMV migration and dual interface contactless card deployments. This quarter also saw the pursuit of new migration projects to the more secure and higher-end Dynamic Data Authentication EMV payment cards in Europe.
Government Programs posted 17% year-on-year revenue growth as solid e-Passport deliveries were augmented by the ramp-up of national e-Identity card programs. Identity and Access Management (IAM) revenue expanded by 25% with strong performance in e-banking solutions and a gradual recovery in enterprise security solutions. Patent licensing revenue was up by EUR 2 million to EUR 9 million during this quarter.
Gemalto attributes most of the growth in this segment to its POS terminals activity, whereas card sales for fixed line Public Telephony continued to decline.