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February 12, 2016 8:13 AM ET

Software

Company Overview of Temenos Group AG

Company Overview

Temenos Group AG, together with its subsidiaries, develops, markets, and sells integrated banking software systems to financial institutions worldwide. It offers T24 core banking platform for retail, corporate, universal, Islamic, private wealth management, microfinance, and community banking sectors; Temenos CoreBanking, a core banking framework; Multifonds Accounting to perform key accounting functions; and Multifonds Global Investor, a transfer agency and investor servicing system. The company also provides Akcelerant Framework to address collection, loan origination, new account origination, service, and recovery; Connect Internet Banking, an online banking solution; Connect Mobile, a mo...

2 Rue de L’Ecole-de-Chimie

Geneva,  1205

Switzerland

Founded in 1993

4,000 Employees

Phone:

41 22 708 11 50

Fax:

41 22 708 11 60

Key Executives for Temenos Group AG

Chief Executive Officer
Age: 46
Total Annual Compensation: $953.4K
Executive Chairman and Chairman of Nomination Committee
Age: 50
Total Annual Compensation: $813.5K
Compensation as of Fiscal Year 2014.

Temenos Group AG Key Developments

Temenos Group AG Reports Earnings Results for the Fourth Quarter and Full Year of 2015; Announces Earnings Guidance for the Year 2016

Temenos Group AG reported earnings results for the fourth quarter and full year of 2015. For the fourth quarter, cash flows continue to be very strong, with operating cash at $161 million. Total revenue for the full year was $559 million, a growth of 25.8% year-on-year, crossing $0.5 billion for the first time. The company achieved a full year EBIT of $157 million, up 23.3% for the full year and resulting in EBIT margin of 28.1% for the full year 2015. EBIT growth of 23% is reflected in the full year EPS of $1.73 per share, an increase of 20%. For the year 2016, the company expects total revenue growth of 7.5% to 11% growth on constant currency, implying total revenue of between $594 million to $614 million. EBIT guidance for 2016 is at $180 million to $185 million, which implies a full year margin of around 30%. And lastly, retain guidance of over 100% conversion of EBITDA into operating cash and an expected tax rate of between 17% to 18%.

Temenos Group AG, Q4 2015 Earnings Call, Feb 11, 2016

Temenos Group AG, Q4 2015 Earnings Call, Feb 11, 2016

Nordea Bank Goes Live with Temenos' WealthSuite

Nordea Bank SA, the international private banking arm of the Nordea group, has gone live with Temenos' integrated wealth management platform, WealthSuite. This has allowed the bank to more than halve the number of separate systems and interfaces it runs, significantly reducing complexity and resulting in higher levels of automation as well as much reduced IT maintenance expenditure. The implementation of WealthSuite - offering integrated functionality across back-office, front-office, e-banking and client reporting integrated - has also enabled Nordea Bank SA to replace its 'multi-system' front-office workspace for a single workstation, providing a 360 degree client view. This ensures better customer experience due to enhanced relationship management and client service efficiency by the bank. Additionally, private banking customers will soon be able to have complete access to their banking information across any device and in real-time, as a result of the WealthSuite integration.

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