TEMENOS LTD

TEMN

Equity

ISIN CH0012453913 / Valor 1245391

SIX Swiss Exchange (2024-09-13)

CHF 61.45+1.57%

TEMENOS LTD
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About company

TEMENOS LTD is a leading provider of software solutions for retail banks, offering innovative technology that allows for agility and freedom in the development of front-to-back banking operations. With a focus on utilizing cloud and API technology, TEMENOS enables banks to stay competitive in the rapidly evolving financial industry by providing cutting-edge solutions for their digital transformation needs.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

TEMENOS LTD reported IFRS and non-IFRS revenue of USD 248.4 million for the second quarter of 2024, marking an increase of 4% compared to the same period in the previous year. This growth reflects the company's continued expansion and market penetration.

Annual Recurring Revenue

For Q2 2024, TEMENOS LTD achieved an Annual Recurring Revenue (ARR) of USD 742.4 million, which represents a 12% increase in constant currency terms. This highlights the company's strong performance in securing long-term, stable revenue streams.

EBIT Performance

In the second quarter of 2024, TEMENOS LTD's non-IFRS EBIT was USD 90.4 million, showing a 7% increase compared to the same quarter last year. The non-IFRS EBIT margin also improved by 1 percentage point, reaching 36.4%.

Free Cash Flow

TEMENOS LTD generated USD 72.8 million in free cash flow during Q2 2024, which is a 16% increase year-over-year. This robust cash flow performance underscores the company's effective cash management and operational efficiency.

Revised FY-24 Guidance

TEMENOS LTD has revised its FY-24 guidance, now expecting ARR growth of about 13%, down from the previous estimate of 15%. The total software licensing growth is projected to be between 3-6%, adjusted from the earlier forecast of 7-10%. Other guidance metrics, including EBIT growth of 7-9% and EPS growth of 6-8%, remain unchanged.

Summarized from source with an LLMView Source

Key figures

-8.28%1Y

-55.5%3Y

-63.1%5Y

Performance

48.2%1Y

47.3%3Y

44.5%5Y

Volatility