Temenos Q2 2005 Results
03 August 2005
Temenos continues strong performance in second quarter with T24 ILF signings ahead of target
Geneva, Switzerland, Wednesday 3rd August 2005, TEMENOS Group AG (SWX: TEMN), a provider of integrated core banking software, today announced its second quarter and half year 2005 financial results.
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Strong start to year has continued - excellent sales performance across the Group:
o T24 ILF signings ahead of target at US$29 million, up 22% on 2004
o Major TCB deal with Global Tier 1 Bank in final contract stage
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Business model on target:
o Like for like T24 licensing up 16%
o Maintenance up 24%
o Services up 8%
o Costs 2.5% below year ago (like for like: 3.5% when adjusted for currency impact)
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Strengthening markets demonstrated by level of pipeline and subsequent to quarter end conversions
Read the full Temenos Q2 2005 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