Gemalto posted revenue at €769 million, up +23% at historical exchange rates and +13% at constant exchange rates. Platforms & Services revenue soared +74% at constant exchange rates and +13% pro forma.
The Payment & Identity segment’s revenue came in at €469 million, increasing by +51% compared to the previous year.
Embedded software and Products revenue grew by +19% at €291 million. The segment’s Platforms & Services revenue, which includes SafeNet’s platforms, software and services sales, more than doubled, at €178 million. The segment’s Platforms & Services year-on-year revenue growth on a pro forma basis was +29%.
The Payment business grew by +23% year-on-year. The Americas continue to post the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and issuance services in the United-States.
The Enterprise business revenue came in at €113 million, with expansion from the addition of SafeNet and from the sustained market demand for cybersecurity, software protection and software monetization solutions. The trend in revenue mix in authentication and data encryption continues to move towards a higher proportion of software services.
The Government Programs business was up +32% compared to the third quarter of 2014. The revenue increase came mainly from delivery commencements of previously won projects, and €9 million from the addition of Trüb. Sales in the Middle East and Africa region, impacted by external events in the previous year, are back to growth. Revenue from the United States doubled compared to the same period in 2014.
Q3/14: 626 million euros
Q4/14: 707 million euros
Q1/15: 686 million euros
Q2/15: 813 million euros
Q3/15: 769 million euros
Source: Gemalto; CardData
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