04 per share-diluted) for in-process research & development related to the Bull CP8 acquisition.
The SchlumbergerSema business segment reported operating revenue for the quarter of $901 million, which includes revenue from the recent acquisitions of Sema plc ($560 million) and Bull CP8 ($35 million).
During the quarter, SchlumbergerSema made significant progress integrating the operations of Sema plc and other acquisitions, including Bull CP8, Convergent and CellNet.
Cards revenue of $176 million increased sequentially by 5% including the Bull CP8 acquisition.
provides a wide range of smart card products and solutions including cards, readers, consulting, services and applications.
04 per share-diluted) charge for in-process research & development related to the Bull CP8 acquisition, compared with $136 million ($0.
This acquisition makes Schlumberger the clear leader in smart cards and adds unique R&D and smart card technology capabilities in the banking segment where Bull CP8 holds a strong, globally recognized position.
Schlumberger Limited (NYSE:SLB) announced today that its Test & Transactions business segment has signed a definitive agreement to acquire Bull CP8, a subsidiary of Groupe Bull, based in Louveciennes, France, for approximately $325 million.
Bull CP8 is a leading provider of highly secured microprocessor-based cards and associated applications systems for the banking, mobile communications and network security industries.
This acquisition will provide Schlumberger with complementary R&D and smart card technology capabilities, especially in the banking segment where Bull CP8 holds a worldwide position.
The acquisition of Bull CP8 will expand the Schlumberger portfolio of advanced smart card and security solutions, extending their offering through our global solutions team," said Irwin Pfister, executive vice president Schlumberger Test & Transactions.
industry, Bull is recognized for innovative products such as Escala servers, CP8
smart cards and infrastructure software such as OpenMaster for management of systems and networks.