Banking software provider Temenos beats first-quarter earnings estimates
21/04/2026 18:03
April 21 (Reuters) - Banking software company Temenos TEMN.S achieved adjusted core earnings above analyst expectations, it said on Tuesday, citing a stable sales environment. First-quarter adjusted earnings before interest and tax (EBIT) reached $82.7 million against analyst expectations of $78.1 million in a poll provided by the company. The company also announced the recruitment of Daniel Schmucki from Swiss stock market operator SIX Group as its new finance chief. Temenos reiterated its 2026 outlook and medium-term targets it raised when reporting full-year results in February. First-quarter revenue was $253 million, against $246.4 million expected by analysts. The Swiss company said it was making good progress on several deals in the U.S. as it rolls out its AI strategy. Temenos was reporting after the stock market closed. Its shares are down about 3% this year. (Reporting by Marleen Kaesebier Editing by David Goodman) ((marleen.kaesebier@thomsonreuters.com;))