Brief: Temenos FY EBIT Growth Of 14% C.C. Vs. Guidance Of 7-9% Growth

Temenos AG

13/01/2025 17:02

Jan 13 (Reuters) - TEMENOS AG  TEMN.S :
    * FY-24 ARR GREW 12% C.C. TO USD804M, AT TOP END OF GUIDANCE
OF
11-12%
    * TOTAL SOFTWARE LICENSING GROWTH OF 10% C.C. IN Q4-24
VERSUS
0-10% GUIDANCE AND 2% C.C. IN FY-24 VERSUS. FLATTISH GROWTH
GUIDANCE
    * FY-24 EBIT GROWTH OF 14% C.C. VERSUS. GUIDANCE OF 7-9%
GROWTH
    * FY-24 FREE CASH FLOW GREW 17% TO USD285M, SIGNIFICANTLY
EXCEEDING GUIDANCE OF AT LEAST 12% GROWTH
    * Q4-24 TOTAL SOFTWARE LICENSING GROWTH PREDOMINANTLY DRIVEN
BY
SUBSCRIPTION
    * MAINTENANCE GROWTH OF 12% C.C. IN Q4-24, CONTINUING TREND
FROM
FIRST THREE QUARTERS OF YEAR
    * FY-25 GUIDANCE WILL BE PROVIDED WITH RELEASE OF FULL Q4
AND
FY-24 RESULTS ON 18TH FEBRUARY 2025, AFTER MARKET CLOSE
    * Q4-24 FREE CASH FLOW OF USD141.7M, UP 25% Y-O-Y

Further company coverage:  TEMN.S 

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