Temenos reports first quarter core earnings slightly above consensus, announces share buyback
22/04/2025 16:53
April 22 (Reuters) - Banking software company Temenos TEMN.S said on Tuesday that it achieved proforma core earnings of $69.5 million in its first quarter excluding its Multifonds business which is being sold, slightly above analysts' consensus. Analysts had predicted $67.4 dollars excluding Multifonds in first quarter earnings before interest and taxes (EBIT) in a company-provided poll. The company also announced a share buyback of up to 250 million Swiss francs ($307.39 million), to start on April 28, 2025. ($1 = 0.8133 Swiss francs) (Reporting by Marleen Kaesebier in Gdansk Editing by Tomasz Janowski) ((marleen.kaesebier@thomsonreuters.com;))