Temenos Q4 & FY 2006 Results
28 February 2007
Temenos reports outstanding results:
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Q4 2006 revenues up by 36%
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Q4 2006 T24 Licence revenues up 90%
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Q4 2006 Cash flow from operations at US$ 23.4 million, up 87%
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2006 EPS of 57c per share compared to outlook of 49c per share, up 78% on 2005
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2006 licence revenues of US$ 97.9 million compared to outlook of US$90-95 million, up 52% on 2005.
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S strategy: Exclusive TCB joint development and distribution agreement for the US signed with a leading US software and services provider
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Outlook for 2007 increased from US$ 66c to US$ 81c, up 42% on 2006
For immediate release:
Geneva, Switzerland, Wednesday 28TH February 2007, TEMENOS Group AG
(SWX: TEMN), a provider of integrated core banking software, today
announced its fourth quarter and full year 2006 results.
Highlights – Fourth Quarter 2006
- Revenue up 36%
- T24 licence revenue up 90%
- Licence revenue up 51%
- Services revenue up 18% and return to positive margin at 12%
- Cash Flow from operations at US$23.4m compared to US$12.6m last year, up 87%
Highlights – Full year 2006
- Revenue up 28%
- T24 licence revenue up 61%
- License Revenue up 52%
- Operating costs up 25%
- EBIT up 46%
- Diluted EPS up 78%
- Cash Flow from Operations at US$ 27.5 million compared to US$5.1 million last year up 436%
Read the full Q4 2006 Temenos results