Temenos Q3 2004 results
30 September 2004
Temenos announces results for quarter ended September 30th 2004
Geneva, Switzerland, 23rdOctober 2003, TEMENOS Group AG (SWX: TEMN), a global vendor of integrated banking software, today announced its third quarter 2003 financial results.
Financial Highlights
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Total revenues of US$ 37.9 million, up 42.8% compared to Q3 2002
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Licence revenues of US$ 15.2 million, up 81.3% compared to Q3 2002
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Maintenance revenues of US$ 8.4 million, up 11.4% compared to Q3 2002
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Service revenues of US$ 14.2 million, up 34.6% compared to Q3 2002
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Operating costs of US$ 34.8 million, down 22.1% compared to Q3 2002
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Operating Profit of US$ 3.1 million, compared to a loss of US$ 18.2 million in Q3 2002
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EBITDA of US$ 7.0 million, compared to a loss of US$ 14.4 million Q3 2002
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Fully diluted EPS of US$ 0.05, compared to a loss of US$ (0.32) for Q3 2002
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Operating cash outflows of US$ 1.4 million, compared to US$ 12.9 million outflows for Q3 2002
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ILF signings of US$ 6.8 million for the quarter and US$ 29.0 million year to date
Read the full Temenos Q3 2004 results
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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