Temenos heads for best day since 2008 on annual guidance hike, Q2 beat

Temenos AG

23/07/2025 10:44

** Shares of Temenos TEMN.S soar as much as 23.6% after the banking software firm reported better-than-expected second-quarter results

** Stock up 21.4% at CHF 71.65, as of 09:32 GMT; on track for its best day since 2008

** Co reported adjusted earnings before interest and taxes of $111.6 million in June quarter after market close on Tuesday, above $81.2 million predicted by analysts in a company-provided poll

** Co also raised its full-year earnings guidance, now expecting EBIT growth of at least 9% at constant currency vs at least 5% prior

** "Results were strong with good sales execution and conversion of deal pipeline," Vontobel analyst Michael Foeth said, adding this may trigger a re-rating of the shares

** "This set of results is much better than expected and puts Temenos on a firmer footing with respect to the FY25 guidance," JP Morgan analysts say

 (Reporting by Marleen Kaesebier)

 ((marleen.kaesebier@thomsonreuters.com))