Temenos Q1 2005 results

25 April 2005

Temenos reports strong start to the year, with signings of T24 product ahead of schedule and reconfirms full years guidance

Geneva, Switzerland, Wednesday 27thApril 2005, TEMENOS Group AG (SWX: TEMN), a provider of integrated core banking software, today announced its first quarter 2005 financial results.

Highlights – First Quarter 2005

• Strong start to 2005
• T24 ILF signings at US$ 12 million, up 58% compared to Q1 2004. Ahead of target.
• Excellent progress on delivering TCB targets for the year
• Business model on target as evidenced by all line items. Maintenance revenues up 27.3% compared to Q1 2004 and total expenses down 6.2.% compared to Q1 2004
• Pipeline and conversions demonstrate strengthening markets with banks showing increasing commitment to replacement of old legacy systems
• Accrued Revenues of US$ 19.7 million for Q1 2005 (Q1 2004: US$ 35.9 million) down 45.1%
• Good T24 uptake with 39 clients live. All Globus clients to migrate in the next 18 months
• TEMENOS on track for positive year performance

Read the full Temenos Q1 2005 results

-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