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Temenos Announces Strong Growth in Recurring Revenue up 16% and SaaS ACV Growth of 108%. Underlying sequential improvement in Q3 expected to continue in Q4; a number of Transact license deals converted to SaaS in the quarter

Guidance for recurring revenue growth and conversion of 100% of IFRS EBITDA into operating cash reconfirmed; FY EBIT guidance revised to broadly flat year-on-year to reflect deals converted from license to SaaS ACV and accelerated investment in SaaS and cloud

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Jessica Wolfe

Temenos Global Public Relations

Alistair Kellie & Andrew Adie

Newgate Communications for Temenos