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Wireless

Gemalto still sees stable H2 revenues despite lower sales, profit in H1

Friday 1 September 2017 | 12:07 CET | News
Gemalto said revenues for its first half reached EUR 1.4 billion, down 8 percent year-on-year at constant exchange rates, though it added that Government Programs and Machine-to-Machine started accelerating in the second quarter after a slow start. Profit from operations fell to EUR 93 million from172 million, with EUR 50 million of free cash flow. The net profit declined to EUR 39.4 million from 106.4 million, with diluted earnings per share going lower to 0.44 from 1.19. The results include a goodwill impairment charge of EUR 425 million, as a result of deteriorated prospects for the

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Categories: Mobile & Wireless
Companies: Gemalto
Countries: World
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