Switzerland · Delayed Price · Currency is CHF Temenos AG Earnings Call Transcripts
Fiscal Year 2026
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The acquisition targets rapid expansion in the mass affluent wealth segment, leveraging a scalable, AI-enabled platform and strong domain expertise. The deal is structured as a 50/50 cash-equity mix, with integration focused on preserving culture and driving cross-sell and innovation.
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Q1 2026 saw double-digit growth in ARR, product, and SaaS revenues, with strong performance in Middle East and Africa and robust U.S. pipeline. EBIT margin and free cash flow improved, guidance for 2026 and 2028 reconfirmed, and AI strategy advanced.
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Strong execution in 2025 led to upgraded 2028 targets, with accelerated U.S. expansion, AI-driven innovation, and a robust partner ecosystem. Strategic investments in R&D and sales underpin above-market ARR growth, while a people-first culture and agile transformation drive operational excellence.
Fiscal Year 2025
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Delivered strong 2025 results with 11% product revenue growth, 12% ARR growth, and improved profitability. Raised 2028 targets and issued confident 2026 guidance, supported by robust pipeline, U.S. expansion, and disciplined capital allocation.
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Q3 2025 saw 11% revenue growth, 36% EBIT growth, and 41% EPS growth, driven by strong subscription, SaaS, and maintenance performance. Guidance for 2025 was raised, with continued investment in AI and sales expansion, and a stable sales environment expected to persist.
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Strong Q2 and H1 results with double-digit revenue and profit growth, raised 2025 guidance, and robust pipeline visibility. Strategic investments, AI product launches, and industry awards highlight operational momentum.
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Q1 saw strong software licensing and maintenance growth, offsetting a SaaS downsell from a BNPL client, with delayed deals expected to close in Q2. Full-year guidance is reaffirmed, a CHF 250M share buyback is underway, and the outlook remains cautiously optimistic despite macro uncertainty.
Fiscal Year 2024
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Q4 saw 12% ARR and 25% free cash flow growth, with record SaaS ACV and strong maintenance revenue. The sale of Multifonds sharpens strategic focus, while 2025 guidance targets at least 12% ARR growth and continued investment in cloud and SaaS.
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A new leadership team is driving a focused strategy to accelerate growth through operational excellence, targeted investments in product and go-to-market, and deepened partnerships, especially in the U.S. and Western Europe. Financial targets for 2028 include $1.3B+ ARR, $500M EBIT, and $420M free cash flow, with margin expansion expected post-2025 as investments pay off.
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Q3 saw stable demand and strong ARR growth, but sales execution issues in Middle East & Africa impacted software licensing revenue. EBIT and EPS guidance remain unchanged, with efficiency programs and leadership changes underway to drive future growth.
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Q2 2024 delivered strong ARR and free cash flow growth, with all delayed Q1 deals closed and improved customer engagement. Revised guidance de-risks H2, with lower growth targets but continued investment in go-to-market and product. Share buyback and leadership changes support strategic priorities.