France-based Gemalto is forecasting double-digit growth in revenue this year, following a strong 2012, in which it reported gains in both sales and profit and the first significant returns for its trusted service management business.
Gemalto reported Thursday that total revenue topped €2.2 billion (US$2.9 billion) for 2012, up 9% from 2011 at constant exchange rates. Net profit reached €261.6 million, an 11% increase from a year earlier. And the vendor noted that it exceeded its goal of €300 million operating profit a year ahead of plan.
Gemalto did not specify how much it is projecting sales to increase this year, though it is expected to be around 10%. The vendor’s 2012 results and 2013 growth forecast generally beat analysts’ projections.
