Smart-card vendor Axalto sees increased income

Published 14 March 2006

French smart card vendor Axalto said its net income for 2005 was $59.3 million, up 4 percent from $57 million in 2004. Revenues rose to $992.3 million in 2005, a 3.3 percent increase over 2004 revenues of $960.4 million. The company said the fastest revenue growth took place in the Americas, while revenues in Asia dropped 13 percent, in large part because of decreased demand in China for subscriber identity module cards for mobile phones.

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