Thales takes revenue hit after unit sale, reports fiscal 2023

Defense contractor and biometrics player Thales says that fiscal 2023 sales for its digital ID and security segment rose 4.1 percent year over year on a constant scope and currency basis.

That segment fell 7.5 percent in absolute terms after Thales in 2022 sold its internet of things business to IoT-module maker Telit. (Thales retained a 25 percent stake in the shorn business.)

Still, the segment reported EBIT of €508 million (US$551.2 million) last year, up 2.7 percent compared …

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