Temenos Q2 2006 Results
26 July 2006
Temenos reports outstanding results:
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Outstanding second quarter exceeding our Q2 targets with strong business momentum.
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Q2 2006 diluted EPS up 400% compared to Q2 2005
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Strong business momentum continuing
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Increased revenue and earnings outlook for 2006
For immediate release:
Geneva, Switzerland, Wednesday 26th July 2006, TEMENOS Group AG (SWX: TEMN), a provider of integrated core banking software, today announced its second quarter 2006 financial results.
Highlights – Second Quarter 2006
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Outstanding second quarter exceeding our Q2 targets with strong business
momentum.
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License Revenues exceeded our target and grew at 149% compared to Q2 2005. Total revenues grew by 50% and diluted EPS grew by 400% compared to Q2 2005.
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For the last 12 months:
o LTM Revenues up 27% (Like for like Revenues up 34%)
o LTM License Revenues up 62% (Like for like Licence Revenues up 81%)
o LTM Operating Costs up 16%
o LTM EBITDA up 44%
o LTM EPS up 193%
o LTM Cash Flow from Operations up 3%
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We have signed a landmark T24 deal with Fortis one of the 20 largest financial
institutions in Europe to support their entire retail banking operations. We also
signed a significant TCB deal with more details to be provided later in the year.
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TEMENOS increased its License Revenue outlook for 2006 from US$ 80-85 million to US$ 85-90 million. License Revenues are now expected to grow by 36% compared to 2005.
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Our outlook for 2006 Revenues is therefore revised to between US$ 205 million and US$ 210 million compared to our previous outlook of approximately US$ 200 million (2005: US$ 168.7 million) up 23% on prior year.
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Our 2006 earnings outlook is correspondingly increased to at least US$ 45 cents per fully diluted share (2005: US$ 32 cents), a growth in excess of 40% from the prior year, this compares to our previous outlook of fully diluted EPS growth in excess of 30% on 2005.
-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