Gemalto revises 2017 financial outlook
SHARE THIS
Gemalto revises 2017 financial outlook
SHARE THIS
Amsterdam, March 22, 2017 at 7:00am - Based on its latest revenue forecast, Gemalto (Euronext NL0000400653 - GTO) expects its revenue for first quarter to be lower by 7% to 9% at constant exchange rates compared to the same period of 2016. This is mainly due to lower than expected Payment business revenue in the United States.
The Gemalto Payment business revenue for the full year 2017 is estimated to be around €100 million lower than its initial expectation. This update primarily reflects a double digit decline in our assumption for the payment cards total available market in the United States due to EMV card inventory levels at our customers in the first semester. This situation also leads to a lower contribution from personalization services.
Looking ahead, taking into account the first quarter trend, Gemalto now expects its 2017 profit from operations outlook to be at a similar level to 2016. Gemalto is currently reviewing its action plan to minimize the impact.
The Company will provide further details when it publishes its first quarter revenue on April 28, 2017.
Zerify Inc (ZRFY) Stock Research Links
Scroll down for more posts ▼
Top 10 Most Recent News Articles
CEER's Ambitious Leap in Automotive Innovation There's a new kid on the automotive block, and it's making some serious noise. Straight out of Jeddah, CEER has just taken the wraps off their flagship electric sedan and SUV, dubbed the EXOBOT. No small beans here—this is a full-throttle, Saudi-driven pitch into the global automotive circus. And why not? There's oil in...
Continue Reading
AI's New Role in Wealth Management Just when you think you've seen it all, along comes a partnership that shakes things up. Beemo Automation is teaming up with Choreo, a heavyweight in the tax-focused registered investment adviser world, to infuse some AI prowess where it matters. Choreographing their moves, they're looking to build something that's not just functional...
Continue Reading
A Fresh Chapter for Half Moon Cay Mark it down, folks—Holland America Line is shaking things up over at RelaxAway, Half Moon Cay. The cruise line, known for its deep roots in premium cruising, is pouring resources into its private island playground to celebrate its 30th anniversary in 2027. And the timing couldn't be more calculated, what with peak cruise season around...
Continue Reading
Changing the AI Game in Enterprise At the heart of Tel Aviv-Yafo, ABnet Communication Ltd. is spitting fire, and this ain't your average tech chatter. They're drilling right down to the marrow, stressing just how much Anthropic—kingpin of advanced AI for enterprises—is shaking up the corporate shell game. Today’s conversation leans heavily into autonomous AI, and...
Continue Reading
Unifying Molecular Diagnostics for Better Cancer Care In the chaos of today’s healthcare, Aranscia is aiming to rewrite the book on how we handle cancer diagnostics by teaming up with Northside Hospital Cancer Institute. Now, instead of fumbling through disconnected systems, they plan to glue the pieces together with a blend of their own and borrowed tech. This...
Continue Reading
Converging Minds at the Chicago Gun Violence Expo In a city known for its resilience amid diverse challenges, the National Gun Violence Prevention Expo is stepping into the spotlight. With all eyes on Chicago from September 24 to 26, this isn't just another event—it’s a clarion call for action. Uniting Influential Voices When you've got former NFL stars like Matt...
Continue Reading
Tech Giants and Pioneers Rejoice Strap in, because TerraMaster just waved the green flag on their brand-new 725 Series Xeon Rackmount NAS, and it's high time the data storage world got a shake-up. Picture this: we're in the throes of an AI boom, and companies have data needs that gobble up yesterday's solutions with the hunger of a black hole. Well, enter TerraMaster's...
Continue Reading
Shaking Up the Job Market with AI Skills What's shaking things up this time around? Handshake's dramatic unveiling of its AI Skills Studio, that's what. While the world spins on its financial axis, Handshake's showing up with a toolkit that's not just geeky gobbledygook. They're dead set on prepping job seekers with the nitty-gritty of AI know-how hosted in a rather...
Continue Reading
A New Twist on Protein Beverages Today, Matchi Global LLC is rolling out something new and bold: canned protein matcha lattes. It's not just another protein shake disguised in green robes. Oh no, this is a straight-up attempt to mesh pure ceremonial-grade matcha with a full 20 grams of complete filtered milk protein. And they’re delivering it all without any of those...
Continue Reading
Reimagining Streaming: GRAI Buys Hangout FM The music streaming game has just been dealt a fresh hand. GRAI, an AI-driven music company, has snatched up Hangout FM, looking to ignite a social revolution in how we experience music. Sitting here, I'm thinking about all those playlists we've built but never truly shared. This acquisition might just change that by combining...
Continue Reading
Top 5 Most Recently Viewed Articles
Vivid Seats Reveals 2025 NFL Fan Loyalty Insights Vivid Seats Inc. (NASDAQ: SEAT), recognized as a top marketplace connecting fans with live events, has introduced its latest findings in the 2025 NFL Fan Loyalty Report. This report emphasizes the most passionate fanbases as the new season approaches, crafted from an in-depth analysis of fan behaviors, including their...
Continue Reading
SKF’s Strategic Shift in Aerospace Sector SKF is reshaping its business focus towards core operations and has made a significant move by divesting non-core aerospace assets. This decision follows a comprehensive strategic review of the company's aerospace business, emphasizing its commitment to serve customers more effectively and enhance profitable growth. Details of...
Continue Reading
Understanding the Rise of European Defense Stocks Global geopolitical tensions have created a complex landscape for defense investors. Recent shifts in military support, particularly influenced by political decisions, have led to increased investments in defense stocks, especially within Europe. Observers have noted a pronounced trend toward escalating defense...
Continue Reading
Walker River Resources Reports Latest Findings from Lapon Canyon Project Vancouver, B.C. — Walker River Resources Corp. (“Walker” or the “Company”) (TSX-V: WRR) is thrilled to share recent assay results from its ongoing reverse circulation drilling program at the Lapon Canyon section of the Lapon Gold Project. This project is situated in the prolific Walker Lane...
Continue Reading
Changan Automobile's Leadership in NEV Innovation Recently, a notable cultural exchange took place between Dong Yuhui, a prominent cultural live streamer, and Zhu Huarong, the Chairman of Changan Automobile. This insightful dialogue focused on the theme of innovation, exploring how Changan embraces the future of new energy vehicles (NEV) and digital transformation....
Continue Reading