NFC Times Exclusive Analysis: France-based Gemalto has set an ambitious goal of doubling its operating profits by 2017, and the ramping up of trusted service management business is key to hitting that objective.
Gemalto’s CEO, Olivier Piou, is seeking to transform the vendor into a top network security and services company. He is making progress, though Gemalto still relies on smart cards and related products for more than 80% of its revenue.
Piou, in a recent presentation for Gemalto’s new multiyear blueprint, acknowledged that the vendor’s TSM business, at present, makes up a small share of revenue, and he and other executives declined to release details on expected usage, fees and profitability for various TSM contracts or to break out TSM business from others in its platforms and services segment.