Temenos ( (TMNSF) ) has released its Q4 earnings. Here is a breakdown of the information Temenos presented to its investors.
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Temenos AG is a leading banking software company that provides innovative solutions to financial institutions worldwide, helping them enhance their customer experiences and operational efficiencies. The company’s software is used by banks in over 150 countries.
In its latest earnings report, Temenos announced its fourth quarter and full-year 2024 results, showcasing strong financial performance with significant growth in key metrics such as Annual Recurring Revenue (ARR), Earnings Before Interest and Taxes (EBIT), and Earnings Per Share (EPS). The company also introduced changes in revenue disclosure to align with industry best practices.
Temenos reported a 12% growth in ARR for the fiscal year, hitting the upper end of its guidance, and an impressive 23% increase in EPS, surpassing expectations. The company’s free cash flow also exceeded guidance with a 17% growth. Key strategic moves included the sale of Multifonds and updates to their strategic plan aimed at maintaining market leadership and enhancing modular and point solutions.
In conclusion, Temenos management has set a positive outlook for 2025, with expected growth in ARR, Subscription and SaaS revenue, and continued strong free cash flow. The company’s strategic initiatives and focus on cloud services are aimed at sustaining long-term growth and profitability.
