Digital security provider Gemalto has posted its first-half earnings report that surpassed its original estimates but were still down slightly over the preceding year. Still, one analyst called the results “stellar.”
Gemalto’s net profit was $89 million, compared to $90.7 million in the year-earlier period. Sales rose 1% to $1.1 billion, while the operating margin improved to 9.2% from 8.8% due to tighter cost controls and productivity gains, the firm said. The consensus forecast was for an operating margin of 8.2%.
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