Temenos has posted a strong set of results for fiscal 20178 with a 17% rise in profits to $223.5m on the back of total software licensing growth of 22% and total revenue growth of 15% to $736.5m.
Temenos CEO David Arnott said: “We have ended the year in a very strong position, with double digit growth across all our geographies, which is a testament to the dedication and talent of all our colleagues and our ability to consistently execute at a very high standard year after year.”
Go deeper with GlobalData
2017 highlights included:
- A major contract win with Openbank; Temenos’ core banking solution will be implemented as Openbank’s new core banking solution for retail and SME banking across its global operations;
- Bank Itau selected Temenos’ WealthSuite solution for its international private banking unit;
- Israel’s Bank Leumi teamed up with Temenos on a new digital banking platform;
- UAE’s Al Masraf selected Temenos’ UniversalSuite solution;
- Tier 1 and 2 banks contributed 71% of total software licensing in Q417 and 59% in fiscal 2017, and
- 19 new customer wins in Q4 – a total of 65 in fiscal 2017;
Arnott added: “Looking forward to 2018, I am hugely excited by the opportunities we have. We continue to grow our addressable market and our end market is expanding rapidly. I am confident we will continue to take market share and pull ahead of the competition in 2018.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
