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Wireless

Gemalto lowers H2 profit outlook on weak Payment and SIM performance

Monday 24 July 2017 | 11:05 CET | News
Gemalto said that its profit from operations will fall below guidance in the second half of the year, ranging between EUR 200 and EUR 230 million compared with its previous estimate in April of EUR 300-350 million. The company said that revenue for the second quarter declined 9 percent year-on-year at constant exchange rates, impacted by reduced demand for its Payment services in the American market and its SIM business internationally.

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Gemalto
Countries: World
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