Gemalto full year 2010 results: Keeps target, ups dividens

Full year revenue growth of +19% to € 1,906 million
Software and services revenue increases by +54% to € 252 million
Profit from operations expands by +19% to € 216 million
Increase in dividend to € 0.28 per share will be proposed

Olivier Piou, Chief Executive Officer, commented: “Gemalto delivered a strong performance in 2010, posting a new revenue record of more than a billion Euros in the second semester. Secure Transactions and Security reached their profit margin objective one year ahead of schedule. Their signifcant profit expansion strengthens and diversifies our sources of profit as anticipated in our 2010-2013 plan. We continued to invest in the development of our software and services offers in Mobile Communication, doubling revenue and delivering on several flagship customer projects. The good performance of the Machine-to-Machine business also contributed to our profit in the Telecom space. On this solid basis we intend to continue to grow our revenue and profit in 2011, leveraging in particular the acquisitions we’ve made, and are bolstered in our ability to deliver on the € 300 million profit from operation target in 2013.”

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