Temenos shines after Q4 beat

Temenos AG

14/01/2025 08:30

** Shares in Temenos  TEMN.S  jump around 9% to mid-April
2024 highs after the Swiss banking software firm reported
better-than-expected Q4 results
    ** The software provider posted a 5% beat on license
revenues driven primarily by subscription
    ** The results should be taken positively by the market but
the focus is on the FY results due on Feb. 18, Vontobel says in
a note
    ** "The 19% beat on non-IFRS EBIT is a result of the
stronger than expected sales but also earlier impacts from
efficiency programs," the brokerage adds
    ** The stock is among the best performers on the
pan-European STOXX 600  .STOXX  index
    
  

 (Reporting by Paolo Laudani)
 ((Paolo.laudani@thomsonreuters.com))