Subscription growth drives Temenos’ success
- Temenos reports increase in revenue and earnings for Q4
- Earnings before interest and taxes up 7.8% compared to last year
- Total software licensing revenue grows 6.9%
- Annual recurring revenue increases by 17%
- 2023 results exceed guidance
Temenos, the Switzerland-based provider of enterprise software for banks, has reported an increase in revenue and earnings for the fourth quarter. The company’s earnings before interest and taxes rose by 7.8% compared to the same period last year. Total software licensing revenue also saw growth of 6.9%. One of the company’s preferred metrics, annual recurring revenue, increased by 17% to $730.0 million. Temenos attributed this success to signing multiple deals, including with several large global banks. The company’s 2023 results exceeded its guidance, with growth in annual recurring revenue, total software licensing revenue, and EBIT. More details on the fourth quarter and full-year 2023 results, as well as guidance for 2024, will be disclosed on Feb. 19.
Public Companies: Temenos (N/A)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific financial figures and metrics for Temenos’ revenue and earnings in the fourth quarter. It also mentions the company’s transition to a subscription-based model and attributes the increase in revenue to multiple deals with large global banks. The information provided is factual and supported by data.
Noise Level: 7
Justification: The article provides information on Temenos’ increase in revenue and earnings for the fourth quarter, as well as its transition to a subscription-based model. It mentions specific figures and metrics such as earnings before interest and taxes, revenue, total software licensing revenue, and annual recurring revenue. However, it lacks in-depth analysis, scientific rigor, and actionable insights. It stays on topic and supports its claims with data and examples, but it does not hold powerful people accountable or explore the consequences of decisions. Overall, the article contains relevant information but lacks depth and critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the software industry and the banking sector. Temenos, as a provider of enterprise software for banks, reported an increase in revenue and earnings, indicating growth in the industry.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not mention any extreme events or their impact.
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