- Revenue growth increased to +6% at constant rates, with Payment growing +20% on rapid EMV migration in the United States • Platforms & Services grew +16%, with +45% in Mobile Financial Services • Mobile was marked by first deliveries of multitenant cards for NFC payment and transport in China, new launches of NFC services in Europe, and strongly rising demand for embedded secure elements • 7-year €400 million bond was successfully issued, with 2 1/8% coupon
Amsterdam, October 23, 2014 – Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security today announces its revenue for the third quarter of 2014.
Olivier Piou, Chief Executive Officer, commented: “This quarter EMV revenue in the US tripled and Asia grew +18%. We also seized the opportunity to accelerate our growth in the cloud and enterprise security market, with the acquisition of SafeNet. Embedded security in connected devices is proliferating, fuelling the opportunities outlined in our multi-year development plan. Looking ahead, the business case for secure elements to protect mobile and online payment transactions has been considerably strengthened during the quarter, and the ecosystem is clearly converging towards NFC for convenient proximity interactions. These developments mark a major step forward after a year of confusion, and they increase the markets we can serve with our well recognized technologies and experience. Gemalto’s pace of growth accelerated during the third quarter, putting us on track to deliver on our outlook for 2014 and we remain confident in delivering on our 2017 objectives.”