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PARIS, April 24 France's Gemalto, a
digital security company that makes SIM cards for mobile phones
and biometric passports, saw first-quarter revenue rise 7.3
percent on a constant currency basis, helped by strong sales of
chip-enabled credit cards.
The company also confirmed its annual goals of double-digit
growth in profit from operations and revenue at constant
First-quarter sales stood at 532 million euros ($736
million), up 3 percent once currency changes, mostly to the
Japanese yen, U.S. dollar and Brazilian real, were taken into
The mobile segment posted flat revenue of 271 million euros,
while sales of payment and identity products grew 12 percent to
Chief Executive Olivier Piou said in a statement that growth
was concentrated in North America and Asia, while Europe and
Latin America were slower.
Gemalto's shares are up 5.5 percent this year and closed at
84.45 euros on Tuesday before the publication. Its market
capitalisation was 7.43 billion euros.
($1 = 0.7231 Euros)
(Reporting by Leila Abboud; Editing by James Regan)