Tuesday 15 August 2023

*UKHotViewsExtra* Temenos on the up as sale talks continue

TemenosThe latest results from Swiss-based Temenos reflect an improved performance by the global banking technology vendor, despite the challenging macro-economic environment. For the six months ended 30 June 2023 revenue was $465.5m, up 1.5% on the same period last year, as total software licensing grew by 5.7% to $195.1m. Temenos also delivered an increased profit of $68.9m (up 7.2%).

Temenos suffered something of a dip in its performance during FY22, which contributed to the departure of former CEO, Max Chuard. However, the latest numbers paint a more encouraging picture, and as a result, the vendor has enhanced its outlook for the rest of the year ahead. Meanwhile, behind the scenes, discussions around Temenos' ownership are ongoing with a number of parties having expressed interest in a deal potentially worth up to $7bn.

HVPTechMarketView clients, including subscribers to UKHotViews Premium can learn more by downloading Temenos on the up as takeover talks continue. This UKHotViewsExtra examines Temenos' latest results in more detail and discusses the company's longer term prospects. If you do not currently have access to this UKHotViewsExtra but would like learn more, please contact Deb Seth for more information.

Posted by Jon C Davies at '07:00' - Tagged: M&A   banking   acquisitions   Temenos  

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