Temenos shares rise after profit beat, guidance raise
29/10/2025 08:09
By Marleen Kaesebier Oct 29 (Reuters) - Shares of Swiss banking software company Temenos TEMN.S rose 12% in early trading on Wednesday after its third quarter earnings beat analyst expectations and the company raised its guidance late on Tuesday. Temenos now expects full-year adjusted earnings before interest and taxes (EBIT) growth of at least 14% at constant currency from at least 9% before. "Investors have had to endure some mixed newsflow over the past 18 months, but 2 consecutive quarters of outperformance shows the underlying business is at least in good shape," Jefferies analysts said in a note. Temenos had parted ways with its chief executive Jean-Pierre Brulard in early September after a tenure of only 16 months. While the search for a new CEO continues, Temenos delivered better-than-expected third quarter results and its interim chief Takis Spiliopoulos said in a call on Tuesday that the stable sales environment is expected to continue for the rest of the year. "We have seen no change in banks' behavior in terms of spending plans. Clearly, they still want to invest," Spiliopoulos said in the call. Previously in April, the software company saw some deals with its banking customers delayed by tariff uncertainties, but now said this past quarter had no disruption from US bank credit concerns. Spiliopoulos also highlighted that the Swiss firm remains "prudent" in its 2025 outlook. (Reporting by Marleen Kaesebier in Gdansk; editing by Matt Scuffham) ((marleen.kaesebier@thomsonreuters.com;))