18 October 2017
Register now

Temenos bullish on strong first quarter

28 April 2004  |  3396 views  |  0 Temenos bullish on strong first quarter

Swiss core banking systems vendor Temenos has upgraded its revenue and profit targets for the year on the basis of a strong first quarter and improving sales outlook.

Temenos posted total first quarter revenues of $39.7 million, up 20.7% compared to Q1 2003, including a near doubling in ILF signings to $15.7 million. Operating profit for the period came in at $4.7 million and net profit at $4.1 million.

In a statement, the company says: "We continue to see a steady flow of RFPs globally as well as increasing activity in Europe. This will bring signings for the first six months of 2004 to US$31.7 million compared to US$22.2 million for the first half of 2003, a growth of 43%."

The group is now targeting year-end ILF signings of $60 million instead of the previous $51 million. Revenue targets have also been lifted to between $158 million and $168 million, and operating profit in the range of $17 to £22 million.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Temenos reports record first quarter contract signings

Temenos reports record first quarter contract signings

05 April 2004  |  4008 views  |  0 comments
Temenos bounces back into the black

Temenos bounces back into the black

08 March 2004  |  4117 views  |  0 comments

Related company news

 

Related company information

Temenos – The Banking Software Company

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15310 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8491 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8005 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7528 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6637 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job