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April 24, 2015 10:25 PM 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: 45
Total Annual Compensation: $953.4K
Executive Chairman and Chairman of Nomination Committee
Age: 49
Total Annual Compensation: $813.5K
Compensation as of Fiscal Year 2014.

Temenos Group AG Key Developments

Temenos Announces Earnings Results for the First Quarter 2015; Provides Earnings Guidance for the Year 2015

Temenos announced earnings results for the first quarter 2015. For the quarter, operating cash flow was $10.1 million, contributing to a total of $180 million over the last 12 months and driving cash conversion of 115% on an LTM basis. Services revenue is down 6% to $22.7 million, contributing 22% of total revenues, in line with strategy. More important though is that reached a positive service margin of 1.2% in the quarter. Total revenues are down 4.8%, however slightly up versus first quarter 2014 once adjusted for the currency. Non-IFRS EBIT was down 17% in first quarter. Like-for-like was down 5%, with maintenance up 7% versus 3% on a reported basis. The company provided earnings guidance for the year 2015. For the year, guidance on a constant currency basis is for total software licensing growth of 36% to 41%, implying total software licensing revenues of between $192 million to $199 million. This include software licensing growth of 13%-plus, implying software licensing revenues of at least $152 million; non-IFRS revenue growth of 18% to 32% implying revenue range of $526 million to $548 million; a non-IFRS EBIT margin of 28.5%, which implies non-IFRS EBIT of $150 million to $156 million; more than 100% conversion of EBITDA operating cash flows; tax rate of 17% to 18%.

Temenos Group AG, Q1 2015 Earnings Call, Apr 21, 2015

Temenos Group AG, Q1 2015 Earnings Call, Apr 21, 2015

Temenos Revises Earnings Guidance for the Year 2015

Temenos revised its outlook for 2015 non-IFRS revenue growth to 23% from 18%, and non-IFRS EBIT margin of 28.5%.

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