Oct 27 (Reuters) – Swiss banking software company Temenos 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 […]
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Temenos raises full-year profit outlook on “continued momentum”
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Oct 27 (Reuters) – Swiss banking software company Temenos 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
(Reporting by Emanuele Berro in Gdansk; Editing by Joyjeet Das)