Temenos Communications Policy
09 March 2005
GENEVA, Switzerland – 9 March, 2005: TEMENOS Group (SWX:TEMN), a provider of integrated core banking systems, today announced its communications policy.
Following the recent announcement of our financial results, we would like to highlight our external communications policy.
As we are becoming a more mature company and as our Initial License Fee (“ILF”) signings are becoming more correlated to our Licensing Revenues, we have decided to disclose both of these results in our quarterly earnings release. Therefore, TEMENOS will no longer be issuing a separate ILF signings trading statement during the ten days following the end of the quarter.
As done in the past, TEMENOS will announce new client wins, for the ones that we have our clients’ agreement, during our quarterly earnings releases. No specific deal wins will be disclosed before the quarterly earnings releases.
Due to the pick-up of TEMENOS CoreBanking™ and the volatility one deal can have on a quarter, we have decided not to provide quarterly ILF signings guidance. For the same reason we have decided to no longer provide internal sales targets. For 2005, we reiterate TEMENOS has guidance for Earnings Per Share (EPS) growth of between 20%-25% compared to the year 2004. That guidance is based on the following assumptions: ILF signings between $70-75 million, tax rate of 16% and US$/Euro exchange rate of 1:1.35
-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