Temenos Q2 2003 results
30 July 2003
Temenos announces CEO appointment and results for quarter ended June 2003
Geneva, Switzerland, 31stJuly 2003, TEMENOS Group AG (SWX: TEMN), a global vendor of integrated banking software, today announced its second quarter 2003 financial results.
Financial Highlights
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Total ILF signings of US$ 14.0 million for the quarter, bringing the 12 months runrate to US$ 55.7 compared to US$ 43.5 for the comparable period (up 28.0%)
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Total revenues of US$ 36.6 million, up 2.7% compared to Q2 2002
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Licence revenues of US$ 15.4 million, up 9.1% compared to Q2 2002
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Maintenance revenues of US$ 7.9 million, up 9.9% compared to Q2 2002
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Service revenues of US$ 13.3 million, down 7.2% compared to Q2 2002
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Operating costs of US$ 34.5 million, down 2.7% compared to Q2 2002
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Operating Profit of US$ 2.0 million, up 1536.3% compared to Q2 2002
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EBITDA of US$ 5.9 million, up 109.4% compared to Q2 2002
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Fully diluted EPS of US$ 0.03, compared to US$ 0.02 for Q2 2002
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Operating cash inflows of US$ 8.7 million, compared to US$ 4.1 million inflows for Q2 2002
-ENDS-
About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com