Software Temenos with sales growth in the fourth quarter
Banking software manufacturer Temenos increased its sales in the fourth quarter of 2024 compared to the previous year and also improved its EBIT operating result. The company has not yet provided an outlook.
13.01.2025, 18:14
SDA
In the final quarter, turnover reached 318.9 million US dollars, which is 7 percent above the previous year's figure, as Temenos announced on Monday evening. The adjusted operating profit EBIT rose to 120.0 million dollars, an increase of 18 percent. The margin rose significantly to 37.6 percent from 34.0 percent in the previous year.
License income for software rose by 9 percent to 168.2 million dollars. Overall, the company benefited from a stable sales environment, which was particularly evident in the number of contracts concluded for subscription licenses and the contract volume for SaaS ("Software as a Service"), according to Group CEO Jean-Pierre Brulard.
Temenos will announce the full figures on February 18. An outlook for the coming financial year will also be provided then.
