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Temenos raises full-year profit outlook on "continued momentum"

By Reuters News

Oct 27 (Reuters) - Swiss banking software company Temenos TEMN.S raised its full-year operating profit outlook on Tuesday, citing savings and continued momentum in its business.

  • The company now targets a 2026 non-IFRS earnings before interest and taxes growth at constant currency of around 12%, compared with 9% previously

  • Temenos reported third-quarter annual recurring revenue of $904 million, slightly above a company-provided consensus average of $900 million

  • CEO Takis Spiliopoulos said the integration of fintech Additiv, acquired in June, is "progressing well", with a new tier-1 bank deal signed in the APAC region

  • Temenos confirmed its 2028 targets

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