Temenos revenue tops estimates, reiterates outlook
Temenos revenue tops estimates, reiterates outlook July 22 (Reuters) - Swiss banking software company Temenos TEMN.S reported second-quarter recurring revenue slightly above expectations on Wednesday and reaffirmed its full-year and mid-term targets, saying most large deals that slipped from the period were signed in the first weeks of the third quarter.
• Q2 annual recurring revenue (ARR) was $881 million, slightly above the company-provided consensus of $880.3 million.
• CEO Takis Spiliopoulos said a handful of large new-customer deals slipped into the third quarter despite a stable sales environment.
• Most of the delayed subscription and SaaS business was signed in the first three weeks of Q3.
• Temenos reaffirmed its full-year 2026 guidance and 2028 targets.
(Reporting by Cian Muenster; Editing by Matt Scuffham)
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