FB pixel

Gemalto operating profit rises on identity segment gains

Gemalto operating profit rises on identity segment gains

Gemalto earnings increased by 3 percent on a constant currency basis for the full fiscal 2018 year, with double-digit revenue gains in the Identity, IoT & Cybersecurity segment, the company has announced.

CEO Philippe Vallée said the return to the company’s historical pattern of profit growth reflects its success at implementing its strategic priorities. Gemalto reports €2.969 billion in 2018 revenue, and operating profit of €332 million, up from €310 million in 2017. The company also noted its profit increased as a percentage of revenue increased from 10.4 percent to 11.2 percent.

“Moving forward, in the Identity, IoT and cybersecurity segment, we anticipate strong demand for border management and biometric solutions driven by the sharp increase in air traffic and evolving law enforcement needs,” says Vallée. “We also expect an acceleration in deployments of cloud-based cybersecurity solutions in line with stringent regulation and more high-profile breaches. We should also see a proliferation of power-sensitive IoT connectivity use cases across various industrial sectors. In the Smartcards & Issuance segment, demand for both payment cards and digital payment should increase in line with cashless trends.”

He also notes that increasing use of dematerialized connectivity will drive a shift from removable SIM technology to eSIMs.

With the company’s acquisition by Thales approaching completion, Gemalto says its strategic priorities are confirmed, and it plans to invest in the Identity, IoT & Cybersecurity segment.

Gemalto recently reached a deal to provide its biometric technology to Ugandan police, and Director of Biometrics Fred Martinez spoke to Biometric Update recently about the next steps in the development of biometric payment cards.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Biometrics deployments expand protection against fraud and lying about your age

Biometrics are protecting against false claims of all sorts in several of the most-read articles of the past week on…


UN says law enforcement should not use biometrics to surveil protestors

Law enforcement agencies should not use biometric technology to categorize, profile or remotely identify individuals during protests, the United Nations…


How to explain the EUDI Wallet? Industry and citizens discuss Europe’s digital ID

The European Digital Identity (EUDI) Wallet is well on its way towards becoming a reality. To explain the major impact…


Decentralize face authentication for control, stronger protection: Youverse

The implementation method of biometric face authentication has become increasingly important in recent years due to the limitations of traditional…


Researchers develop display screens with biometric sensor capabilities

Traditional display screens like those built into smartphones require extra sensors for touch control, ambient light, and fingerprint sensing. These…


Meta, porn industry and Kansas governor weigh in on age verification

As Europe mulls how to restrict access to certain content for minors, Meta offers its own solution. Meanwhile, U.S. states…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events