France's Thales sees more cybersecurity sales after strong 2017
Laurent Maury
PARIS (Reuters) - French defense electronics group Thales (TCFP.PA) enjoyed a jump in sales at its cybersecurity business in 2017 and expects further strong growth in the coming years  said  executive Laurent Maury .
 Maury  said the business generated about 900 million euros ($1.10 billion) in sales over 2017  up from 700 million euros a year earlier.  He  added it is expected to grow by about 10 percent annually in the coming years.
âWeâre only at the dawn of a world in which this kind of risk emerges  constantly evolving with increased virulence â  Maury  told reporters on Monday.
âEvery additional interconnection represents a potential vulnerability â  he  added.
In 2016  it bought data protection services provider Vormetric for 375 million euros ($460 million) - a deal which  Maury  said had enabled Thales to win a data security contract with BNP Paribas (BNPP.PA)  Franceâs biggest bank.
PARIS (Reuters) - French defense electronics group Thales (TCFP.PA) enjoyed a jump in sales at its cybersecurity business in 2017 and expects further strong growth in the coming years  said   [TGT]  .
  [TGT] said the business generated about 900 million euros ($1.10 billion) in sales over 2017  up from 700 million euros a year earlier.   [TGT]   added it is expected to grow by about 10 percent annually in the coming years.
âWeâre only at the dawn of a world in which this kind of risk emerges  constantly evolving with increased virulence â   [TGT] told reporters on Monday.
âEvery additional interconnection represents a potential vulnerability â  he  added.
In 2016  it bought data protection services provider Vormetric for 375 million euros ($460 million) - a deal which   [TGT] said had enabled Thales to win a data security contract with BNP Paribas (BNPP.PA)  Franceâs biggest bank.