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.”
Ciao!