Temenos falls on Q1 revenue miss

Temenos AG

23/04/2025 08:21

** Banking software company Temenos TEMN.S shares fall 5.4% after the company missed Q1 revenue expectations, driven by a 9% miss on Subscription and Software as a Service revenues

** Temenos' Q1 revenue reached 220.3 million euros ($250.64 million), 2.5% below expectations according to a company-compiled consensus

** The company underlined sales environment which remained stable until last two weeks of the quarter, which saw some push outs of deal signing; adding that deals are expected to be signed in Q2-25

** "Although IT projects of banks are generally driven by longer-term strategic objectives it appears that current elevated uncertainty triggers occasional delays in deal signing," Vontobel writes

** Temenos' stock falls to the bottom of Switzerland's midcaps index .SMIM and are on track for a worst day since August 2024

($1 = 0.8790 euros)

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))