Temenos AG Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 18, 2024
Share
Temenos AG reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 298 million compared to USD 278 million a year ago. Net income was USD 43.9 million compared to USD 47.97 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.67 a year ago.
For the full year, revenue was USD 1,000.22 million compared to USD 949.63 million a year ago. Net income was USD 134.68 million compared to USD 114.42 million a year ago. Basic earnings per share from continuing operations was USD 1.87 compared to USD 1.6 a year ago. Diluted earnings per share from continuing operations was USD 1.85 compared to USD 1.59 a year ago.
Temenos AG, formerly Temenos Group AG, is a Switzerland-based company engaged in the development and marketing of banking software systems. Its services include implementation, performance optimization, integration, administration, maintenance, upgrades, training and support for its software solutions. It offers solutions for retail, corporate, universal, Islamic and microfinance and community banking sectors, as well as for Private Wealth Management. The Company's client base consists of mostly banking and other financial services institutions. Its core products are Temenos T24 Core Banking (T24), a front to back office, Customer Relationship Management (CRM) and product lifecycle management software platform, as well as Front Office, an integrated, role-specific, and multi-channel solution that supports banksâ daily interactions and long term relationships with their retail, corporate, mass affluent, and High-Net-Worth (HNW) customers. It offers also funds and securities solutions.
TEMENOS AG 
