Thursday 22 July 2021

*UKHotViewsExtra* Momentum builds for Temenos as banking market accelerates

TemenosBanking software specialist, Temenos, has published an impressive set of H1 results, highlighting excellent performance YTD amid improving market conditions. The Swiss vendor reported total global revenue of $445.4m, up 11.1% YTD (+9% in Q2), meanwhile profit YTD rose by 48% to $68.1m   

Temenos revealed that software licence revenue was up by 20.3% YTD to $110.2m, whilst SaaS and subscription revenue rose by 54.2% to $57.5m. Overall software revenue increased by 11.1% in the first half of the fiscal to $167.7m. Maintenance revenue also showed a healthy increase, rising by 9.3% YTD to $195.8m whilst services revenue was more or less flat at $82m.

HVPThe excellent performance delivered by Temenos has been founded on the company’s sustained investment in R&D and its commitment to cloud-based, open-architecture, that has now become the ultimate goal for many in the industry. This approach has enabled the vendor to capitalise on opportunites amongst neo-bank "challengers" and established institutions alike.

Momentum builds for Temenos as banking market accelerates explores the factors behind Temenos' current success and examines the changes in the market for banking technology and how vendors in this sector might respond.

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Posted by Jon C Davies at '09:40'