Ingenico reveals Q1 revenue rise

Ingenico

Revenue increase

Ingenico has released its Q1 2013 earnings revealing strong growth across a number of regions the global payments company is active in. As a result, quarterly revenue has risen to USD395.4m. This represents a 26% jump from its Q1 revenue total of USD313.2m.

The areas which saw the biggest levels of growth were Ingenico’s Asia Pacific, North America and EMEA divisions. They saw increases of 81%, 30% and 59% respectively compared to Q1 2012. Growth in China is cited by Ingenico as the main catalyst of its growth in Asia Pacific, with Russia highlighted for EMEA growth. A deal with a tier 1 retailer is the reason for strong performance in North America.

Philippe Lazare, the Chairman and CEO of Ingenico, commented: “Our business was up substantially in the first quarter of 2013, driven by Ingenico’s sound fundamentals in its various markets while benefiting from a favorable basis of comparison with the first quarter of last year. This strong performance reflects the effectiveness of the strategy we have implemented in all geographic areas, which has enabled us to continue to gain market share, notably in emerging markets.

“In addition, I’m delighted to welcome the team of Ogone to our Group. We have already started integrating their platforms and setting the stage for the implementation of our multi‐channel offering, as stated in the strategic plan we unveiled last month at our Investor Day.” 

Related reading

boom
new york barclays
company card killer Pleo
Cheque

Leave a comment