Gemalto Gets Boost From Mobile

Gemalto has announced its 2012 full year results and it’s good news for the company as it published a record revenue of € 2.2 billion, up +9% from the previous year. Profit from its operations grew an extraordinary 26%, beating their €300 million objective, a year in advance. The company received a boost from mobile as the largest part of the growth was provided by the Mobile Communication and Security segments which generated additional revenue of €204 million.

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    This is majorly a result of Gemalto’s quick entry into the mobile payments market, securing many large-scale contracts in 2012. Its enlarged offering for the banking and electronic payment sector generated a revenue of €632 million for the full year 2012.

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