Temenos, a
Switzerland-based banking software program firm, reported an annual recurring
income (AAR) development of 15% throughout its fiscal yr 2022. The agency additionally stated that its whole software program licensing jumped by 37% in North America in the course of the
interval. That is the corporate’s “highest ever” within the area, displaying that the agency is making “constant progress
within the US.”
Temenos reported
these numbers on Monday in its advert hoc fourth quarter and fiscal yr 2022
outcomes. The corporate’s Software program-as-a-Service (SaaS) income additionally
elevated by 37% final yr. Nonetheless, the corporate’s free money circulation declined by
46% in the course of the interval, pushed primarily by value development.
Temenos defined
that it recorded continued “sturdy SaaS development” and precise money worth (ACV) pushed by
gross sales to new prospects as SaaS is turning into extra mainstream and never only a transition. Moreover, Temenos believes that on a non-Worldwide Monetary Reporting Requirements (IFRS) foundation, its
AAR will develop by at the very least 12% throughout fiscal yr 2023. The corporate additionally expects its
software program licensing to develop by at the very least 6% this yr.
As well as, the banking software program supplier expects the same development development for its earnings earlier than curiosity and tax in addition to its
earnings per share throughout the brand new fiscal yr. It tasks the previous to develop by at the very least
7% and the latter by at the very least 6%. Furthermore, the agency additionally expects its ACV for 2023 to develop in tandem with its new projected AAR: by 12%.
“Proposed dividend of
CHF 1.10 for FY-22 to be voted on at AGM on 3 Could 2023,” Temenos stated within the advert hoc announcement.
Giving additional outlook for 2023, Temenos famous that it expects the gross sales setting to
proceed to stay secure this yr at the same time as banks proceed to stay cautious.
The corporate additionally expects the demand for SaaS and cloud-based software program to proceed to
enhance.
Moreover, Temenos sees
each subscription and SaaS income being pushed by the demand for cloud-based
software program. That is even because the Switzerland-headquartered firm hopes to get a
“good pipeline improvement, together with various tier 1 offers” within the new
fiscal yr.
Andreas Andreades,
Temenos’ Govt Chairman and Performing CEO, added that the corporate expects “2023 to
be a development yr for Temenos, particularly due to the sturdy development of our
SaaS enterprise.”
“Our pipeline has
continued to develop positively, together with various tier 1 offers. We made
appreciable funding within the enterprise in 2022 and this gives us with a
platform for development within the coming yr,” the Performing CEO added.
Temenos, a
Switzerland-based banking software program firm, reported an annual recurring
income (AAR) development of 15% throughout its fiscal yr 2022. The agency additionally stated that its whole software program licensing jumped by 37% in North America in the course of the
interval. That is the corporate’s “highest ever” within the area, displaying that the agency is making “constant progress
within the US.”
Temenos reported
these numbers on Monday in its advert hoc fourth quarter and fiscal yr 2022
outcomes. The corporate’s Software program-as-a-Service (SaaS) income additionally
elevated by 37% final yr. Nonetheless, the corporate’s free money circulation declined by
46% in the course of the interval, pushed primarily by value development.
Temenos defined
that it recorded continued “sturdy SaaS development” and precise money worth (ACV) pushed by
gross sales to new prospects as SaaS is turning into extra mainstream and never only a transition. Moreover, Temenos believes that on a non-Worldwide Monetary Reporting Requirements (IFRS) foundation, its
AAR will develop by at the very least 12% throughout fiscal yr 2023. The corporate additionally expects its
software program licensing to develop by at the very least 6% this yr.
As well as, the banking software program supplier expects the same development development for its earnings earlier than curiosity and tax in addition to its
earnings per share throughout the brand new fiscal yr. It tasks the previous to develop by at the very least
7% and the latter by at the very least 6%. Furthermore, the agency additionally expects its ACV for 2023 to develop in tandem with its new projected AAR: by 12%.
“Proposed dividend of
CHF 1.10 for FY-22 to be voted on at AGM on 3 Could 2023,” Temenos stated within the advert hoc announcement.
Giving additional outlook for 2023, Temenos famous that it expects the gross sales setting to
proceed to stay secure this yr at the same time as banks proceed to stay cautious.
The corporate additionally expects the demand for SaaS and cloud-based software program to proceed to
enhance.
Moreover, Temenos sees
each subscription and SaaS income being pushed by the demand for cloud-based
software program. That is even because the Switzerland-headquartered firm hopes to get a
“good pipeline improvement, together with various tier 1 offers” within the new
fiscal yr.
Andreas Andreades,
Temenos’ Govt Chairman and Performing CEO, added that the corporate expects “2023 to
be a development yr for Temenos, particularly due to the sturdy development of our
SaaS enterprise.”
“Our pipeline has
continued to develop positively, together with various tier 1 offers. We made
appreciable funding within the enterprise in 2022 and this gives us with a
platform for development within the coming yr,” the Performing CEO added.
