Temenos Q3 2005 results

26 October 2005

Temenos reports record quarter, with ILF signings at US$34 million, more than trebled from last year. 

Geneva, Switzerland, Wednesday 26th October 2005, TEMENOS Group AG (SWX: TEMN), a provider of integrated core banking software, today announced its third quarter 2005 financial results.

• Record quarter for TEMENOS
  - EBIT at US$ 4.6m compared to US$ 0.4m same period last year
  - Net profit at US$3.7m compared to US$ 0.1 same period last year
• Year on year ILF signings more than trebled to US$ 34 million
• Year to date ILF Signings increased 47% to USD 63 million and ahead of 2004 full year signings
• Market defining TCB deal with HSBC licensing the JAVA version of TCB for use in
  its global operations in 63 countries
• T24 ahead of target growing between 10% and 15% in third quarter compared to last year
•  In the quarter model on target
  - Like for like licensing up 12%
  - Maintenance up 12%
  - Services up 8%
  - Costs 5% below 2004 (like for like: 6%)
  - Trailing 12 months EBIT up 26%
• Robust market spending, continued market share gain and strong pipeline
• Target fully diluted EPS growth of more than 30% announced for 2006

Read the full Temenos Q3 2005 results

Read the "Q3 financial results and business update" presentation

-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