19 February 2018
visit www.nextgenbanking.co.uk/

Temenos reports bullish Q2

27 July 2006  |  1417 views  |  0 Source: Temenos

TEMENOS Group AG (SWX: TEMN), a provider of integrated core banking software, today announced its second quarter 2006 financial results.

Highlights – Second Quarter 2006

  • Outstanding second quarter exceeding our Q2 targets with strong business momentum
  • License Revenues exceeded our target and grew at 149% compared to Q2 2005. Total revenues grew by 50% and diluted EPS grew by 400% compared to Q2 2005


For the last 12 months:

  • LTM Revenues up 27% (Like for like Revenues up 34%)
  • LTM License Revenues up 62% (Like for like Licence Revenues up 81%)
  • LTM Operating Costs up 16%
  • LTM EBITDA up 44%
  • LTM EPS up 193%
  • LTM Cash Flow from Operations up 3%



  • We have signed a landmark T24 deal with Fortis one of the 20 largest financial institutions in Europe to support their entire retail banking operations. We also signed a significant TCB deal with more details to be provided later in the year
  • TEMENOS increased its License Revenue outlook for 2006 from US$ 80-85 million to US$ 85-90 million. License Revenues are now expected to grow by 36% compared to 2005
  • Our outlook for 2006 Revenues is therefore revised to between US$ 205 million and US$ 210 million compared to our previous outlook of approximately US$ 200 million (2005: US$ 168.7 million) up 23% on prior year
  • Our 2006 earnings outlook is correspondingly increased to at least US$ 45 cents per fully diluted share (2005: US$ 32 cents), a growth in excess of 40% from the prior year, this compares to our previous outlook of fully diluted EPS growth in excess of 30% on 2005.


Andreas Andreades, Chief Executive, commented: "We had an outstanding quarter and we are clearly delighted. We are delivering exceptional growth and leverage, while we are positioning TEMENOS as the leading Corebanking software vendor. Momentum continues as banks seek to restructure their operations and become competitive. Our performance allows us to upgrade our 2006 outlook for the second quarter in a row.

TEMENOS is now in excellent shape with product superiority, global sales coverage, domain expertise and a strong management team. Our market is experiencing accelerating growth and it is time to capitalise on our strong competitive position. We now target organic revenue to grow at an accelerated rate for the next few years complemented by a successful acquisition model. This will further consolidate our leadership position and deliver exceptional shareholder value."» Download the document now 182.6 kb (Adobe Acrobat Document)

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Temenos – The Banking Software Company

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11518 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9081 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8933 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8821 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7470 views comments | 12 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job