Gemalto reports profitable fourth quarter

Smart card and digital security provider Gemalto has reported $625.4 million in revenues for the fourth quarter, matching its best quarterly revenue. It shows an 8.1 percent growth for 2008 while its software and services yearly revenue expanded by 44 percent.

According to the company’s CEO, Oliver Piou, the company’s “three main segments together are up more than 8 percent for the full year.” In addition, software and services are continuing the expand, reaching nearly 10 percent of the company’s annual turnover. We have experienced only a relatively small impact from the current global economic environment, and see limited changes in overall market demand,” Piou added. The company confirmed its 2008 profit projections, which it had upgraded last August to $212.4 million.